Actuary – Health (FSA)

About the role

Milliman’s Minneapolis Health and Life Practice is seeking an FSA with extensive experience in Medicare Advantage and general experience providing health actuarial support for risk-bearing entities in the United States across multiple lines of business. The position requires creative actuarial capabilities, strong communication and interpersonal skills, and organizational talents. A high degree of self-motivation and the ability to lead a team of analysts are also necessary for success.

About Milliman

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. We help companies address critical and complex issues, including retirement funding, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation. Milliman invests in skills training and career development, offering employees access to learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERGs) are employee-led communities that influence policy decisions, develop future leaders, and amplify diverse voices.

The Minneapolis Health and Life practice specializes in providing actuarial and risk management support to clients in the healthcare and life industries, with a team of professionals ranging from actuaries to clinicians, technology specialists, and plan administrators.

Responsibilities

• Lead Medicare Advantage forecasting and bids
• Present results and participate in strategic discussions with clients
• Provide strategic guidance to health plans, provider systems, and other stakeholders on the impacts of the Inflation Reduction Act and other regulatory and market forces affecting Medicare Advantage and other lines of business
• Design and direct analysis of healthcare data
• Write reports that explain technical concepts clearly to a non-technical audience
• Manage projects through completion within budget and timeframe
• Contribute to marketing efforts and the strategic direction of the practice
• Develop business at new and existing clients
• Supervise actuarial students, actuaries, and data analysts in the completion of technical aspects of actuarial projects

The successful applicant will be expected to rapidly develop the ability to manage client relationships independently. Employees who successfully generate new business with both new and existing clients are likely to experience the greatest career growth.

Requirements

• Bachelor’s degree in mathematics, statistics, economics, or a related field
• FSA designation
• 20+ years’ experience in the actuarial field
• At least 5 years of health actuarial consulting experience
• Experience preparing and certifying Medicare Advantage bids
• Experience managing actuarial teams

Skills

• Excellent attention to detail
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Strategic thinking and business acumen
• Motivation to learn new processes and skills
• Ability to apply knowledge and concepts to a variety of tasks
• Strong organizational and time-management skills
• Ability to adapt to changes in tasks or timelines
• Ability to work independently and collaborate with or lead a team

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

The Team

The Minneapolis Health and Life practice is composed of healthcare and long-term care insurance professionals who provide industry-leading consulting services. We develop and maintain innovative products that complement our consulting services. Our expanding group leads the way in industries that continuously change and evolve. The office encourages an open and collaborative work environment to help professionals grow and thrive.

This role supports all areas of the practice, using cutting-edge analyses and techniques to provide clients with accurate and easily interpreted business results. Employees balance working independently and collaborating with team members, including analysts, actuaries, and subject matter experts.

Location

Candidates hired into this role will be required to work in-person in the Milliman office in Eden Prairie, Minnesota on a weekly basis, though flexible work arrangements will be considered.

Pay

The overall range for this role is $132,100 - $238,400. Compensation will be determined based on factors such as education, relevant work experience, qualifications, skills, and certifications.

Benefits

• Medical, dental, and vision coverage for employees, dependents, and domestic partners
• Employee Assistance Program (EAP) for confidential support on personal and work-related challenges
• 401(k) Plan with company matching and profit-sharing contributions
• Discretionary Bonus Program
• Flexible Spending Accounts (FSA) for dependent care, transportation, and eligible medical expenses
• Paid Time Off (PTO) accruing from the first day of work (15 days per year for full-time employees, prorated for part-time)
• Minimum of 10 paid holidays per year
• Family Building Benefits, including adoption and fertility assistance
• Paid Parental Leave (up to 11 weeks for eligible employees)
• Life Insurance & AD&D (100% of premiums covered by Milliman)
• Short-Term and Long-Term Disability (fully paid by Milliman)