Actuarial Analyst - New York Property and Casualty

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of 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 the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact and sustainability.

Milliman’s New York Property and Casualty practice (NYPC) provides a wide variety of actuarial consulting services to insurance carriers, reinsurers, and self-insureds including loss reserving, pricing, and predictive modeling.

What You Will Do

In this practice, an Actuarial Analyst is responsible for performing various levels of analysis related to client work, such as reviewing data in preparation for analysis, checking data for errors and consistency, drafting reports, and maintaining documentation. In addition to tactical responsibilities, Analysts are given opportunities to present their findings to their peers, project managers, and client relationship managers. Work is shared across the practice, giving everyone the opportunity to build their skills and showcase their abilities, and take on increasing responsibilities over time.

Our ideal hire for this role is someone who enjoys thinking critically to solve a client’s business problems; pairs their strong technical skills with creativity; is adept in managing their own workload; and is committed to the actuarial exam process, preferably through the Casualty Actuarial Society.

This person will also:

• Understand, modify, and operate complex spreadsheets and database tools to analyze data and solve problems
• Receive, organize, and review data in preparation for analysis and checking the data for consistency
• Present findings to peers, project managers, and client relationship managers
• Draft written reports and exhibits, and prepare other internal/external correspondence
• Check their own and peers’ work for accuracy
• Undertake research projects
• Perform or assist with other duties assigned at the direction of Actuaries and Principals

Required Qualifications

• Completed bachelor’s degree in actuarial science, mathematics, data science, statistics, or other quantitative major
• Two or more actuarial exams passed
•  One to three years of professional actuarial experience (including internships)
• Proven proficiency with Excel

Required Skills and Competencies

• Quick learner who takes initiative to dive deeper and solve problems
• Able to adjust on the fly, to accept new assignments or shift focus, and balance multiple concurrent projects
• “Big picture” thinking to help anticipate client needs
• Superb attention to detail and technical accuracy
• Motivated to work independently and as part of a team
• Excellent written and oral communication skills, including the ability to express or explain complicated technical concepts, to a variety of audiences

Wish List

• Prior P&C reserving and/or pricing experience
• Proven technical skill in programming with SAS, R, Python and/or SQL (R most preferred)
• Predictive modeling experience or area of keen interest

Location
This is a hybrid position, based out of the Milliman office in New York City, NY, but candidates hired into this role may work remotely. Applicants must be willing to travel to the Milliman office in New York City as needed. Depending on the availability of office space, the new hire may choose to work onsite more frequently. Please note: paid relocation assistance is not available for this role.

Compensation
The remote salary range is $56,000 to $131,000. If overall experience is less than 2 years the range would be $56,000 to $117,000; for experience of greater than 2 years, the range would be $63,000 to $131,000. The New York City salary range for less than 2 years is $72,000 to $117,000 and for greater than 2 years is $81,000 to $131,000. Both ranges are dependent upon a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. Employees of this practice are also eligible for an annual bonus program that is dependent on billable hours worked and the success of the practice. Bonuses are calculated and paid based upon a practice-level policy, and are not guaranteed.

No recruiting agencies, please.

Benefits

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

• Medical, dental and vision coverage for employees and their dependents, including domestic partners
• 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, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
• 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

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

The expected application deadline for this job is August 1, 2024.

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