Consulting Actuary - EB Consulting
Milliman · Little Falls, NJ · 5 days ago
Hybrid$161k–$365k/yrFull-time
What You Will Do
- 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.
- Lead relationships for select health clients, serve as the Consulting Actuary for all deliverables and manage large, complex client projects.
- Provide senior level actuarial and consulting support to clients, including plan design, financial analysis and projections, benefit strategy, and vendor selection and management.
- 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.
What We Are Looking For
- A seasoned Health Consulting Actuary (20+ years) with deep expertise in benefits design, delivery, financing, and strategy.
- Excellence in leadership, client management and relationship building, contributing to the delivery of complex consulting projects, and helping grow new and existing business.
- 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.
Professional 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.
- 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.
- 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.