Actuary – EB Consulting

Health & Group Benefits Consultants are an integral part of the overall client management and client relationship function in Milliman’s Employee Benefits Consulting practice. The successful candidate will have at least twenty years of Health & Welfare actuarial and consulting experience, with a strong working knowledge of benefits design, delivery, financing, and strategy. This full-time, remote position will be part of a team supporting the delivery of consulting projects as well as maintaining existing and growing new client relationships. This position will include support of the multiemployer employee benefits market as well as potentially public and or corporate clients.

Milliman’s management has a history of rewarding performance and views this position as a vital piece of its ongoing strategy to solidify and grow long-term client relationships. This position offers the potential to operate as a business manager along with high visibility and unlimited career advancement.

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

What You Will Do

• Function as a senior health & group benefit Consulting Actuary and manage large, complex client projects and relationships for select Health & Group Benefits clients.
• Provide senior level consulting support to clients, including plan design, financial analysis and projections, benefit strategy, and vendor selection and management.
• Manage the marketing and vendor search process for all lines of coverage including (but not limited to) medical, PBM, dental, life/AD&D, disability, vision and reinsurance coverage.
• Leverage expertise and experience to build and strengthen relationships, representing the Practice with key customers, prospects, providers, and other market stakeholders.
• Participate in or lead strategic opportunities for the sale or cross-sell of consulting services to clients and prospects.
• Follow established Milliman protocol for tracking activity, project results and compliance with peer review standards.
• Establish and maintain strong working relationships with appropriate consultants within the Milliman group of practices.
• Develop and make marketing presentations to new prospects.

What We Are Looking For

• At least twenty years of Health & Welfare consulting experience, with health and life insurance license.
• Bachelor’s degree
• Minimum Designation: FSA, MAAA
• Demonstrated success providing Health & Welfare actuarial and consulting services, including business development.
• Current and relevant knowledge of legislation, market trends and issues affecting the Health & Welfare market.
• Experience with coverage for the retiree market, including knowledge of Medicare programs.
• Thorough understanding of the marketing / vendor search process and the ability to manage the total process.
• Thorough understanding of medical, dental, life/AD&D, disability, vision, etc. coverage
• Thorough understanding of self-insurance and stop-loss coverage concepts.
• Strong communication skills (written and verbal) with an ability to present and manage presentations covering complex topics.
• Strong knowledge of Health & Welfare legal and regulatory framework
• Effective time management skills to prioritize and organize multiple complex projects
• Strong skills as a problem solver, including taking initiatives to complete necessary research and document the process used to reach conclusions.
• Travel (local and potentially regionally) required – up to 25%.
• Able to work with time-sensitive material and meet multiple deadlines.
• Able to work independently while also leading a team in support of client deliverables.

Personal Characteristics

Must demonstrate Milliman’s core values which include:

• Integrity – Must be honest, fair, active listener, open communicator and accountable.
• Teamwork – Work cooperatively and treat clients and coworkers with respect and dignity while valuing individual differences, encouraging new ideas and sharing information.
• Commitment to excellence – Demonstrate commitment to being creative, innovative, flexible and adaptable, focusing on quality solutions, continually improving and being a winner.
• High energy with effective poise and presence, self-motivated and relentlessly striving towards goals.
• Ability to work with a sense of urgency with strong customer service approach.

The Team

The EB Consulting practice provides actuarial and consulting services for multiple industries, for actives and retirees and for Corporate, Public and Multiemployer Plans. This practice works with several key types of clients organized into the following lines of business:

• Pension Plans
• Other Postretirement Benefit Plans
• Health and Group Benefits

Location

This role is based out of the Milliman New York, NY or Little Falls, NJ office, but candidates can work remotely anywhere in these locations. Due to expectations of this role, it is essential that applicants are located within the area to ensure alignment with our team’s operations and business needs.

Compensation

The salary range in New York City, NY and Little Falls, NJ is $165,000 – $266,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.

Benefits

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

• A 401(k) plan with matching program, and profit sharing contribution
• Employee Assistance Program (EAP)
• A discretionary bonus program
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
• Commuter Program, which allows you to use pre-tax dollars to pay for your parking or public transit expenses to get to and from work. You may utilize this benefit any time throughout the year and funds will be available the first of the month following your first contribution.
• A minimum of 10 paid holidays
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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