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.

The Milliman - Tampa Individual Life & Health Team is a practice within Milliman, Inc., one of the largest actuarial consulting firms in the world. Our team was established in 1998 and has since expanded into a broad consulting group which focuses on life and health products such as accident, critical illness, cancer, hospital indemnity, term life, universal life, and whole life. We also focus on long term care (LTC), combination product, continuing care retirement communities (CCRC), and Medicare supplement products. We provide a wide range of services including strategic, actuarial, compliance and market research consulting.

What You Will Do

In this role, you will work with an engaged, innovative, and technically superior team to bring product solutions, analysis, and insight to our clients in the following areas:

• Life and long-term care (and hybrid life + LTC) product development and pricing;
• Life and annuity insurance company valuation;
• CCRC actuarial studies and population projections;
• Mergers & acquisitions;
• Reinsurance; and
• Lifetime value and ASC 606 projects.

Your typical work will include:

• Insurance liability modeling;
• Pricing and product development;
• CCRC actuarial studies and population projections;
• Experience analysis and assumption development; and
• Managing projects through completion within an expected budget.

You will be expected to develop strong and positive client relationships through project management.

What We Are Looking For

Professional Qualifications:

• Bachelor's degree in mathematics, statistics, economics, or a related field
• FSA designation
• Eight or more years of actuarial experience, including meaningful experience in one or more of the following areas:
  • Long-term care insurance
  • Life insurance
  • Fixed or variable annuities
  • Continuing care retirement communities (CCRCs)
  • Structured settlements
• Proficiency with Excel
• Some knowledge of SAS, SQL, or R
• Strong understanding of insurance regulations
• Demonstrable skills in presenting technical concepts to a non-technical audience in an understandable way

Personal Qualifications:

• Excellent communication, both verbal and written
• Ability to work both independently and in team environments
• Proven ability to work in a fast-paced environment where client satisfaction is key
• Entrepreneurial spirit

Preferred Qualifications

• CERA
• CFA
• MG-ALFA (Integrate) or experience with related actuarial software
• Python
• Snowflake
• Power BI
• Tableau
• Microsoft Access
• VBA

The Team

The Tampa-based life and long-term care insurance and continuing care retirement community (CCRC) practice serves a variety of insurance, CCRC, and other clients focused on products that provide financial wellbeing, health, and security during retirement.

Location

The expected application deadline for this job is July 1, 2024.

This role is based out of the Milliman office in Tampa, Florida, but candidates hired into this role may work remotely anywhere in the US.

Compensation

The salary range for this role is $110,000 to $231,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

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

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.

Pay Transparency

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)