Associate Actuary, P&C (ACAS) - Remote

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 provides a wide variety of actuarial consulting services to insurance carriers, reinsurers, and self-insureds including loss reserving, pricing, and predictive modeling. 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.

What You Will Do

In our practice, an Associate Actuary is responsible for performing various levels of analysis related to client work. Supporting the Project Managers, the Associate Actuary reviews work performed by the Actuarial Analysts (such as reviewing data in preparation for analysis, checking data for errors and consistency), conducts complex analysis, and produces reports. 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 independently managing their own workload; and is committed to pursuing a Fellow credential through the Casualty Actuarial Society.

Typical responsibilities in this role include:

• Contribute to the vision of a given project and design analyses
• Oversee the execution of projects, whether ad hoc or longer-term projects
• Write reports and support client communication
• Direct interaction with client and/or client's other vendor partners (e.g., broker, captive manager, auditor)
• Direct, train and provide guidance to Actuarial Analysts (e.g. data cleaning, checking)
• Comply with internal quality control, risk management, and peer review guidelines
• Participate in marketing opportunities including publications and presentations
• 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 in the mechanics as well as the methodology
• Write detailed documentation to keep track of how data is compiled for specific projects
• Implement process improvements to produce better results
• Perform or assist with other duties assigned at the direction of practice Principals

Required Professional Qualifications

• Associate of the Casualty Actuarial Society (ACAS) credential attained at time of application
• Completed bachelor’s degree (at time of application) in actuarial science, mathematics, data science, statistics, or other quantitative major
• Prior P&C reserving and/or pricing experience
•  5+ years of professional actuarial experience
• Proven proficiency with Excel

Required Skills and Competencies

• “Big picture” thinking to anticipate client needs
• Proactive when faced with an inconsistency, missing information or an unusual result; inclined to first investigate and then consult with project manager
• 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
• Recognizes and commits to deadlines and priorities
• Accustomed to working in a consulting environment, willing to put in extra effort when required by our clients
• Self-sufficient, motivated by autonomy and responsibility for assignments
• Able to articulate own thought process / reasoning
• Superb attention to detail and technical accuracy
• Collaborative by nature, willing to help wherever needed
• Seeks out opportunities for process improvements and efficiency gains for the work of the practice
• Excellent written and oral communication skills, including the ability to express or explain complicated technical concepts, to a variety of audiences

Preferred Skills (Not Required)

• Proven technical skill in programming with R highly preferred (such as for data compilations and simulations); SAS, Python and/or SQL experience also welcome
• Predictive modeling experience or an area of keen interest
• Advanced degree in related field
• Experience working on due diligence assignments including LPT/ADC and M&A deals

Location
This is a fully remote position. Employees may work from anywhere in the United States. Some work-related travel may be required on occasion.

Compensation
The remote salary range for up to 10 years of experience is $86,000 - $179,000. The remote salary range for more than 10 but less than 20 years of experience is $97,000 - $203,000. 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.

Benefits

We offer a comprehensive benefits package designed to support employees’ health, financial security, and well-being. Benefits include:

• Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
• Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
• 401(k) Plan – Includes a company matching program and profit-sharing contributions.
• Discretionary Bonus Program – Recognizing employee contributions.
• Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
• Paid Time Off (PTO) – Begins accruing on the first day of work.
  • Full-time employees accrue 15 days per year.
  • Employees working less than full-time accrue PTO on a prorated basis.
• Holidays – A minimum of 10 observed holidays per year.
• Family Building Benefits – Includes adoption and fertility assistance.
• Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria.
• Life Insurance & AD&D – 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability – Fully paid by Milliman.

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 April 30, 2025.

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