Consulting Actuary - EB Consulting

About the role

The Employee Benefits (EB) Consulting Practice at Milliman offers exceptional retirement, health, compensation, and investment consulting services to our clients. Health Consulting Actuaries play a crucial role in the overall client management and client relationship function within the practice.

Responsibilities

• Lead Employer Health Benefits engagements, managing complex client projects and relationships while delivering actuarial and strategic guidance on plan design, financials, benefit strategy, and vendor selection/management.
• Oversee end-to-end marketing and vendor searches across all coverage lines; represent the practice with clients and partners; identify opportunities; ensure rigorous project tracking and peer review; build strong internal partnerships; and contribute to business development and prospect presentations.
• Manage/oversee the marketing and vendor search process for potentially all lines of coverage, with a focus on medical and pharmacy coverage.
• Leverage expertise and experience to build and strengthen relationships, representing the practice with key customers, prospects, providers, and other market stakeholders.
• Develop and participate in strategic opportunities for the sale or cross-sell of consulting services to clients and prospects.
• Follow established Milliman protocol for work quality and comply with peer review standards.
• Establish and maintain strong working relationships with appropriate consultants within Milliman.
• Participate in developing and making marketing presentations to new prospects.

Requirements

We are seeking a seasoned Health Consulting Actuary (20+ years) with deep expertise in benefits design, delivery, financing, and strategy. The ideal candidate excels at leadership, client management and relationship building, contributes to the delivery of complex consulting projects, and helps grow new and existing business.

• At least ten years of employer health consulting experience in a lead role.
• Bachelor’s degree. Minimum Designation: ASA, MAAA. Health and life insurance license preferred.
• Demonstrated success providing health actuarial and consulting services.
• Current and relevant knowledge of legislation, market trends and issues affecting the employer health market.
• Proven new business success, successful staff management, and leadership of large, complex client relationship.
• Experience with multiemployer plans is required, with the potential to also support public and/or corporate clients.
• This is a full-time, hybrid role within a collaborative team environment, requiring strong communication, analytical, and project management skills.
• Travel (local and regionally) required.

Qualifications

• At least ten years of employer health consulting experience in a lead role.
• Bachelor’s degree. Minimum Designation: ASA, MAAA. Health and life insurance license preferred.
• Demonstrated success providing health actuarial and consulting services.
• Current and relevant knowledge of legislation, market trends and issues affecting the employer health market.
• Proven new business success, successful staff management, and leadership of large, complex client relationship.
• Experience with multiemployer plans is required, with the potential to also support public and/or corporate clients.

Skills

• Strong communication skills (written and verbal) with an ability to present and manage presentations covering complex topics.
• Strong knowledge of employer health 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.
• Thorough understanding of the marketing / vendor search process and the ability to manage the total process.
• Thorough understanding of medical and prescription drug coverage.
• Thorough understanding of self-insurance and stop-loss coverage concepts.
• Leadership in leading actuarial teams and reviewing and delivering core health actuarial work.
• Thorough understanding of Medicare programs.

Benefits

We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being. Benefits include:

• Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
• Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
• 401(k) Plan – Includes a company matching program and profit-sharing contributions.
• Discretionary Bonus Program – Recognizing employee contributions.
• Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
• Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays – A minimum of 10 paid holidays per year.
• Family Building Benefits – Includes adoption and fertility assistance.
• Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria.
• Life Insurance & AD&D – 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability – Fully paid by Milliman.