Actuarial Analyst - San Francisco Tri-State P&C (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 (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 to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability: https://www.milliman.com/en/Social-Impact

The San Francisco Tri-State practice, comprised of about 50 employees, represents a wide range of expertise, with abundant opportunities to develop and apply actuarial and complementary skills such as data science and geospatial analysis. We work on some of today's most important insurance problems, including climate resilience and telematics. We consult with insurance carriers, reinsurers, and self-insureds on loss reserving and pricing. We also build predictive models and innovative insurance products for traditional and start-up insurers, as well as the associated state regulatory rate filing support.

What You Will Do

On a day-to-day basis, the Actuarial Analyst will work closely with project team members to execute key analyses and conduct research that supports new solutions to complex problems that our clients face. Supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement. In addition to tactical responsibilities, Actuarial Analysts are given opportunities to present their findings to their peers, project managers, and client relationship managers. Project assignments and internal interest groups give all of our staff the opportunity to collaborate and contribute across the practice.

Typical responsibilities will include:

• Various work in Excel, such as reviewing data in preparation analysis, checking data for accuracy and consistency (peer review), drafting reports, and maintaining documentation
• Predictive modeling using GLM's and non-linear methods using mostly SAS, Python and R, to support rate analyses
• Draft written reports and exhibits, and prepare other internal/external correspondence
• Prepare and submit state regulatory filing support documents
• Undertake research projects of varying shape and size

The actuarial skillset has important applications across both our traditional work and in developing market areas, and we are committed to developing a pipeline of actuarial talent and future leaders of the firm. Actuarial Analysts in our practice are expected to pursue a credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and are provided time and monetary resources to support this pursuit.

What We Are Looking For

Professional Qualifications

• Bachelor's degree or higher, including quantitative coursework in actuarial science, data science, mathematics, statistics, etc.
• A minimum of two actuarial exams, and in pursuit of a credential from the Casualty Actuarial Society
• Substantial expertise with MS Excel and Word
• Skilled in SAS, R, Python, and/or SQL

Personal Qualifications

• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
• Inspired to contribute to the success of a project and succeed as a team
• Enjoys working collaboratively, adept in partnering across time zones while working remotely
• Strong critical thinking, technical, and analytical skills
• Enthusiasm for producing high-quality, professional work with accuracy and integrity
• The ability and willingness to clearly articulate questions and ideas
• Able and willing to obtain and maintain a U.S. Government-issued Public Trust security clearance

Preferred Qualifications

• One or more actuarial internship(s)
• Up to four years of professional actuarial experience
• Experience with data visualization tools such as PowerBI, Tableau

• Expertise with statistical and modeling tools such as @Risk, VBA, STATA, etc.
• Working knowledge of supplemental database and professional working tools such as Access and PowerPoint

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

Location

This is a remote position, based in the United States. Occasional work-related travel may be required for practice meetings, company events, industry conferences, etc.

The expected application deadline for this job is June 4, 2025.

Compensation

The overall salary range for this role is $60,300 - $142,080. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia:
  
  
  
  • $66,330 - $116,270 if overall experience is less than 2 years; and
  • $74,360- $130,240 for experience greater than 2 years.
  
  
  
  

• New York City, Newark, San Jose, or San Francisco:
  
  
  
  • $72,360 - $126,840 if overall experience is less than 2 years; and
  • $81,120 - $142,080 for experience greater than 2 years.
  
  
  
  

• All other states:
  
  
  
  • $60,300 - $105,700 if overall experience is less than 2 years; and
  • $67,600 - $118,400 for experience greater than 2 years.
  
  
  
  

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, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays - A minimum of 10 paid 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, national origin, disability, or status as a protected veteran.

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