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Actuarial Analyst - Property & Casualty

Description

The Actuarial Analyst position is responsible for performing various levels of analysis related to our client projects. The ideal candidate is a critical thinker who possesses strong communication and organizational skills, and is committed to the actuarial exam process. This position also requires strong technical skills to pair with creative problem solving skills to assist on a wide variety of consulting projects. The nature of the projects will vary widely throughout the year. We do traditional actuarial work such as ratemaking, predictive modeling and reserving, plus a variety of special projects.

Detailed Description

Independent for over 70 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.
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.

Who We Are

Our practice focuses on applying advanced actuarial techniques and geospatial technology to develop innovative insurance products for traditional & start-up insurers, as well as the associated state regulatory rate filing support. We are thought leaders in climate change, artificial intelligence, telematics, and other leading-edge research. We work on some of today’s most important insurance problems, including modernizing flood insurance and addressing the wildfire crisis in California. We also do traditional actuarial work such as ratemaking, reserving, predictive modeling & competitive analysis, plus a variety of special projects.

Role

On a typical assignment, the actuarial analyst would be responsible for:
  • Developing spreadsheets
  • Inputting and manipulating data
  • Performing predictive modeling using GLM and non-linear methods using mostly SAS and R, that support rate analyses
  • Preparing and submitting state regulatory filing support
  • Checking work for technical accuracy

The nature of the projects will vary widely throughout the year. We do traditional actuarial work such as ratemaking, predictive modeling and reserving, plus a variety of special projects. 

Qualifications

Required:
  • A completed or anticipated college degree in actuarial science, mathematics, data science, statistics, or other quantitative major
  • At least one actuarial exam passed
  • 0-3 years of experience preferred
  • Technically proficient in Excel
  • SAS, R or SQL programming experience required
  • Experience in property/casualty actuarial ratemaking and/or state regulatory filing a plus
  • Predictive modeling experience is helpful but not required

Desired:
The ideal candidate will have the following attributes:
  • Service oriented
  • Quick learner
  • Team player
  • Good with detail
  • Excellent written and oral communication skills

Milliman Benefits

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual. We offer a competitive benefits package which includes:
  • Medical, dental and vision coverage for employees and their families, including eligible domestic partners.
  • A 401(k) plan with matching program
  • Paid Parental Leave up to 12 weeks
  • Profit sharing as a discretionary contribution to employees’ retirement accounts
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason.
  • Adoption assistance
  • 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

Location

Milliman is a firm of consultants and actuaries serving the full spectrum of business, governmental and financial organizations. This position will be located in one of Milliman's US offices. The San Francisco office is preferred, but other offices will be considered. The San Francisco office houses one of the largest casualty actuarial consulting practices on the West Coast. Our San Francisco office is located in the Financial District, an easy walk from BART and most commuter bus lines. We have a great view of Alcatraz Island and the Marin coast. 

Compensation

The base salary for the position will vary with the candidate’s qualifications and experience. In addition, we offer a significant performance-based bonus plan, profit sharing, and generous benefits. We also offer a full study program for actuarial students.

Milliman is an Equal Opportunity Employer

Milliman is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law. Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.