Actuary - Health (FSA)

Job Duties

Description

Description

Milliman's Minneapolis Health and Life Practice is looking for an FSA with extensive experience in Medicare Advantage and general experience providing health actuarial support for risk-bearing entities in the United States across multiple lines of business. The position requires creative actuarial capabilities, good communication and interpersonal skills, and organizational talents. A high degree of self-motivation and the ability to lead a team of analysts are also necessary for success.

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 (https://www.milliman.com/en/social-impact) to learn more about Milliman's commitments to our people, inclusion, 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. The Minneapolis Health and Life practice specializes in providing actuarial and risk management support to our clients in the healthcare and life industries.

What You Will Do

In this role, you will have the opportunity to

Lead Medicare Advantage forecasting and bids

Present results to and participate in strategic discussions with clients

Provide strategic guidance to health plans, provider systems, and other stakeholders around evolving impacts of the Inflation Reduction Act and other regulatory and market forces affecting Medicare Advantage and other lines of business

Design and direct analysis of healthcare data

Write reports that explain technical concepts clearly to a non-technical audience

Manage projects through completion within an expected budget and timeframe

Contribute appropriately to marketing efforts and the strategic direction of our practice

Develop business at new and existing clients

Supervise actuarial students, actuaries, and data analysts in the completion of technical aspects of actuarial projects.

The successful applicant will be expected to rapidly develop the ability to manage client relationships independently. Employees that learn to successfully generate new business with both new and existing clients are likely to experience the greatest career growth.

What We Are Looking For

Professional Qualifications

Bachelor's degree in mathematics, statistics, economics, or a related field

FSA designation

20+ years' experience in the actuarial field

At least 5 years of health actuarial consulting experience

Experience preparing and certifying Medicare Advantage bids

Experience managing actuarial teams

Personal Qualifications

Excellent attention to detail

Strong analytical and problem-solving skills

Excellent communication and interpersonal skills

Strategic thinking and business acumen

Motivation to learn new processes and skills

Ability to apply knowledge and concepts to a variety of different tasks

Strong organizational abilities and time-management skills

Ability to adapt to changes in tasks or timelines

Ability to work independently and collaborate with / lead a team

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.

The Team

The Minneapolis Health and Life practice is composed of healthcare and long-term care insurance professionals who provide our clients with industry-leading consulting services. We also develop and maintain innovative products that complement our consulting services. We are an expanding group with experience leading the way in industries that continuously change and evolve. Our office encourages an open and collaborative work environment to help our professionals grow and thrive.

This actuary role is involved in work that supports all areas of the practice. The analyses and techniques used are cutting edge while providing clients with accurate and easily interpreted business results. Employees balance working independently and collaborating with other team members. Analysts, actuaries, and subject matter experts work closely together to ensure solutions are both accurate and solve the correct problem for the client.

Location

The expected application deadline for this job is August 15, 2026. Candidates hired into this role will be required to work in-person in the Milliman office in Eden Prairie, Minnesota on a weekly basis, but flexible work arrangements will be considered.

Compensation

The overall range for this role is $132,100 - $238,400. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

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 11 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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.

Milliman is an equal opportunity employer

Our company, with the full support of our Chief Executive Officer, 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, and 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.

Reasonable Accommodation Notice

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.

Minimum Education Required

Bachelor Degree

Minimum Experience Required

20 years

Shift

First (Day)

Number of Openings

1

Public Transportation Accessible

Yes

Veterans Encouraged to Apply

No

Physical Required

Yes

Drug Test Required

Yes

Compensation

$11.41 / Hourly

Postal Code

55347

Job Type

Full Time

Place of Work

On-site

Requisition ID

ACTUA010597

Job Benefits

Not specified