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 clients. This role involves leading Employer Health Benefits engagements, managing complex client projects and relationships, and delivering actuarial and strategic guidance on plan design, financials, benefit strategy, and vendor selection/management.
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 looking for 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. Experience with multiemployer plans is required, with the potential to also support public and/or corporate clients.
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 coverage for the retiree market, including knowledge of Medicare programs.
- Adequate understanding of the marketing / vendor search process and the ability to manage the total process.
- Adequate understanding of medical and prescription drug coverage.
- Adequate 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 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.
Skills
- Leadership
- Client Management
- Relationship Building
- Consulting Services
- Business Development
- Actuarial Work
- Vendor Selection
- Project Management
- Strategic Opportunities
- Marketing Presentations
Benefits
We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being. Benefits include: Medical, Dental and Vision, Employee Assistance Program (EAP), 401(k) Plan, Discretionary Bonus Program, Flexible Spending Accounts (FSA), Paid Time Off (PTO), Holidays, Family Building Benefits, Paid Parental Leave, Life Insurance & AD&D, Short-Term and Long-Term Disability.