Actuarial Analyst - Indianapolis Health

Overview

Milliman is looking for an Actuarial Analyst to assist consulting actuaries with the development and use of actuarial models for pricing, reserving, and forecasting. Our team of skilled professionals review, organize and analyze statistical data, develop and utilize actuarial models, analyze healthcare costs and utilization data, and implement software solutions under actuaries’ supervision.

Milliman's Indianapolis Health practice provides professional services to a broad array of clients in the healthcare sector, with a primary focus on Medicaid, Pharmaceutical, and Healthcare Management consulting. This position joins our growing Medicaid team, currently supporting actuarial services for 10 states across the U.S.

Responsibilities

In this role, you will:

• Analyze healthcare cost and utilization data using spreadsheets and databases
• Review, organize and analyze statistical data using Excel, R, SQL or SAS
• Examine benefit plan and insurance pricing
• Perform experience analysis and reserving
• Complete technical research and computer modeling
• Provide financial and statistical analysis
• Reconcile claims data and project future costs

Qualifications

Required:

• Bachelor’s degree in actuarial science, mathematics, or a related major with quantitative course work
• Passed at least 1 Society of Actuaries examination
• Knowledge of Excel
• Knowledge or training in a computer programming language
• Ability to quickly learn new software programs
• Strong analytical, communication, time management and organizational skills
• Strong attention to detail
• Ability to follow technical instructions
• Treats others with respect
• Acts as a good representative of the practice both professionally and socially
• Actively participate in a team-based environment
• Displays willingness and eagerness to learn
• A desire to expand actuarial skills and be committed to obtaining Fellowship 

Preferred:

• Cumulative GPA of at least 3.3
• Prior actuarial internship experience

The Team

The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies. We create dedicated core teams for each state Medicaid agency client that are customized to serve each of our clients’ unique needs. New staff are placed on a dedicated state client team, learning from seasoned consultants. As a member of a state client team, you will observe how we provide comprehensive consulting services which span from many different disciplines and backgrounds including actuarial, policy, finance, pharmacy, and data management, all working together for a common goal to best serve our clients’ needs.

Location

The person hired for this role will work in a dynamic, hybrid environment, with 2 to 3 days per week of on-site work required in our Indianapolis office on a weekly basis.

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

Who We Are

Independent for 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 (ERG’s) 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.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

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.