Actuarial Analyst - EB Consulting

Milliman is an independent consulting firm offering market-leading services in employee benefits, investment consulting, and risk management. The Benefits Consulting Analyst will support retirement and health & welfare employee benefits programs through data analysis, preparing deliverables, and ensuring compliance with regulations while collaborating with internal teams.

Responsibilities

• Perform data analysis related to pension, OPEB, health and welfare employee benefits programs, including monthly experience reports, short-term projections, IBNR estimates, and retirement plan valuation related work
• Assist in the design, development, and refinement of benefits programs to align with organizational goals and industry trends
• Prepare deliverables such as valuation reports, premium equivalent rates, COBRA rates, and plan design analyses
• Draft communications, including emails for vendor management and client follow-ups
• Support financial analyses for RFPs and market checks; conduct ad-hoc analyses as needed
• Participate in client calls and document meeting notes and action items
• Collaborate with internal teams and other Milliman groups
• Study benefits trends, benchmark against industry standards, and provide insights to enhance benefits strategy
• Ensure work is delivered efficiently and within communicated deadlines, following applicable processes and documenting appropriately
• Initiate peer review processes for work products and comply with document and email retention policies
• Monitor and communicate changes in applicable regulations to consultants to ensure compliance
• Work within assigned budget or proactively communicate when additional time is required

Skills

• Strong Excel skills
• Foundation in data analysis
• Interest in benefits consulting
• Ability to prepare deliverables
• Assist with financial analyses
• Ensure compliance with regulations
• Collaborate with internal teams
• Proactive and organized
• Eager to grow in the benefits field
• Motivated self-starter with a strong analytical mindset and attention to detail
• Demonstrated proficiency in Microsoft Excel and comfort working with large datasets
• Excellent communication skills, both written and verbal, with the ability to draft professional emails and documentation
• Ability to work collaboratively within a team and across departments
• Commitment to learning and staying current with industry trends and regulations
• Strong organizational skills and ability to manage multiple tasks to meet deadlines
• Willingness to take initiative, seek feedback, and continuously improve processes and deliverables
• Integrity and respect for confidentiality and compliance with company policies
• Bachelor's degree in actuarial science, mathematics, statistics, business, or a related field is preferred
• A minimum of one SOA exam passed
• Strong analytical and quantitative skills; experience with data analysis in employee benefits or health care preferred
• Familiarity with other data analysis tools is a plus
• Basic understanding of retirement and health & welfare benefits programs and current industry trends is desirable

Benefits

• 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.

Company Overview

Company H1B Sponsorship