Senior Actuarial Consultant

This is a fully remote position, open to applicants in United States.

📋 Description

• Formulate and take charge of business development strategies for the commercial and ACA health insurance sectors.

• Spearhead the identification, assessment, and pursuit of new business prospects through outreach, strategic pursuit, proposals, client presentations, and securing engagements.

• Conduct market and competitive analysis encompassing industry trends, regulatory changes, competitors, and client requirements.

• Create strategic initiatives and unique consulting solutions to enhance practice revenue, profitability, and client satisfaction.

• Foster relationships with senior decision-makers at both current and prospective clients, as well as strategic partners.

• Devise account growth tactics and pinpoint cross-practice opportunities.

• Collaborate with colleagues across Milliman to strengthen existing relationships and penetrate new markets.

• Track business development priorities, opportunity pipelines, and growth outcomes; suggest strategic modifications.

• Utilize actuarial expertise in pricing, healthcare cost forecasts, and projections to refine client solutions.

• Offer senior-level guidance and oversight on selected consulting projects.

• Oversee and nurture consulting staff, including task assignment, work review, and guidance provision.

• Conduct performance evaluations and compensation assessments.

⛳️ Requirements

• Bachelor’s degree, ideally in mathematics, statistics, actuarial science, economics, or another analytical discipline.

• Attainment of Fellow of the Society of Actuaries.

• Over 10 years of pertinent experience in commercial and ACA health insurance, encompassing significant responsibilities for business development, market expansion, or client growth.

• Proven track record in developing and implementing business development strategies, securing new consulting projects, and expanding current client accounts.

• Experience in leading market and competitive evaluations and translating insights into initiatives that enhance profitability or customer value.

• Excellent relationship-building, communication, and presentation skills at the executive level.

• Capacity to influence senior clients and internal stakeholders.

• Strong quantitative thinking and proficiency with analytical tools.

• Preferred experience with benefits and/or pricing for commercial plans available through state or federally facilitated exchanges.

• Experience in forming strategic partnerships, go-to-market strategies, or new consulting service offerings is preferred.

• Ability to convert actuarial and analytical capabilities into unique client value propositions and commercially viable consulting solutions is preferred.

• Strong organizational skills with the capability to manage multiple projects and deadlines is preferred.

• Excellent creative problem-solving abilities with an innovative and entrepreneurial outlook is preferred.

• Proficiency in Excel and database/statistical analysis languages (SQL or SAS) is preferred.

• Experience in leading project teams and mentoring junior actuarial staff is preferred.

• Willingness to collaborate with clients and teams situated in the Pacific Time Zone is preferred.

• Must possess legal authorization to work in the United States without the need for immigration support or sponsorship, now or in the future.

🏝️ Benefits

• Medical, Dental, and Vision – Coverage for employees, their dependents, and domestic partners.

• Employee Assistance Program (EAP).

• 401(k) Plan – Includes a company matching program and profit-sharing contributions.

• Discretionary Bonus Program.

• Flexible Spending Accounts (FSA).

• Paid Time Off (PTO) – Full-time employees earn 15 days per year.

• Minimum of 10 paid holidays annually.

• Family Building Benefits – Adoption and fertility assistance.

• Paid Parental Leave – 11 weeks for eligible employees.

• Life Insurance & AD&D – 100% of premiums covered by Milliman.

• Short-Term and Long-Term Disability – Fully paid by Milliman.

• Skills training and career development.

• Learning and mentoring opportunities.

• Employee Resource Groups (ERGs).