Actuarial Analyst Minneapolis (Hybrid/Remote)

$63,000 - $152,000/Yr

Milliman - Minneapolis, MN

Full-time - Entry Level

Minneapolis, MN

Professional, Scientific, and Technical Services

About the position

The Actuarial Analyst position at Milliman involves supporting the Minneapolis Health and Life practice by assisting in various projects for clients in the healthcare industry. The role focuses on actuarial modeling and technical analysis, utilizing data processing and modeling software, and effectively communicating results both verbally and in writing.

Responsibilities

• Problem-solve using spreadsheets, databases, and other resources to clean, synthesize, and/or analyze data and information
• Build and maintain actuarial models and exhibits used to support client projects and the presentation of results
• Communicate results to peers and project leaders both verbally and in writing
• Draft client communications, including emails, letters/reports, and PowerPoint presentations
• Review the work of your peers
• Prepare and document project files
• Assist with research and business development projects
• Participate in office committee(s) with peers and leadership to support office management, culture, and activities
• Gain valuable experience working on a variety of projects in the healthcare space
• Have opportunities to work independently and as part of a team
• Participate in the actuarial exam program supporting progression towards ASA and FSA status

Requirements

• Degree in actuarial science, statistics, mathematics, or related field
• 2 to 7 years of experience working in an actuarial role in the healthcare space
• Proficient in Excel and Word processing software
• Computer and statistical programming experience, including VBA, SAS, Python, R, and/or Databricks
• Strong analytical and problem-solving skills
• Effective communication skills, with the ability to express complex technical concepts verbally and in writing to diverse audiences
• At least two SOA/CAS exams passed

Nice-to-haves

• Experience working in the Medicare Advantage, Commercial, or Medicaid healthcare markets
• Experience working with healthcare data
• Knowledge of large-scale machine learning tools/platforms such as Databricks
• Experience with cloud computing

Benefits

• 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
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks
• Commuter Program, which allows you to use pre-tax dollars to pay for your parking or public transit expenses
• A minimum of 8 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