Who We Are
Independent since its creation in 1947, 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.
The San Francisco Property and Casualty (P&C) practice, comprised of about 30 employees, focuses on applying advanced actuarial techniques and geospatial technology to develop innovative insurance products for traditional and start-up insurers, as well as the associated state regulatory rate filing support. We are thought leaders in climate change, artificial intelligence, telematics, and other leading-edge research. We work on some of today’s most important insurance problems, including modernizing flood insurance and addressing wildfire risk.
What You Will Do
The role of Associate Actuary offers opportunity to lead a variety of projects throughout the year, including flood, climate change, wildfire, property ratemaking, predictive modeling, competitive analysis, and special projects. The Associate Actuary acts as a project manager, thinking big picture while coaching and supervising the work of Actuarial Analysts.
Associate Actuaries in this practice are expected to pursue the Fellow credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and are provided time and monetary resources to support this pursuit.
Responsibilities will include:
- Manage the overall timeline and deliverables of a project
- Nurture the client relationship, and manage client communication
- Delegate work to staff and check work for technical accuracy
- Comply with internal quality control guidelines
What We Are Looking For
Professional Qualifications
- Associate (ACAS) credential, and a minimum of 6 years of experience in property and casualty actuarial work
- Technically proficient in Excel
- Strong experience managing analysts working in R and SQL and peer reviewing their work
- Demonstrated experience with technical project management
- Able to recommend best practices for navigating database infrastructure, security features, leveraging indexes effectively, etc.
- A college degree, preferably in a quantitative major
- Ability to obtain and maintain a U.S. Government issued Public Trust security clearance
Personal Qualifications
- Client service orientation
- Enjoys learning, quick to develop new areas of knowledge and skills
- Excellent project management skills
- Experience delegating work and mentoring junior staff
- Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
- Strong critical thinking, technical, and analytical skills
- Enthusiasm for producing high-quality, professional work with accuracy and integrity
- The ability to work collaboratively and organize various client needs in a fast-paced environment
- The ability and willingness to clearly articulate questions and ideas
Preferred (not required)
- Experience in P&C ratemaking and/or state regulatory filing (property preferred)
- Experience using catastrophe models and pricing catastrophe risks
- Predictive modeling experience
- Interest in contributing to thought leadership, such as writing white papers or presenting at industry conferences
- Knowledge of Python strongly preferred
Location
The expected application deadline for this job is July 1, 2024. This role is based out of the Milliman office in San Francisco, California, but candidates hired into this role may work remotely anywhere in the U.S. Some nationwide travel will be required for company and client meetings.
Compensation
The salary range is $84,000 to $199,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. If overall experience is less than 10 years the range would be $84,000 to $176,000; for experience of greater than 10 years, the range would be $95,000 to $199,000.
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.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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)
Lifelong learning Analytical skills Python Client Service Specialist R Mentoring risk management Critical thinking SQL cas indexing Microsoft Excel Project management