Actuarial Manager - Chicago-Milwaukee Health
Brookfield, WI  / Chicago, IL 
Posted Today
Job Description

Milliman's Chicago-Milwaukee Health office is seeking an actuarial professional with a background in Medicare to join our growing practice. Milliman is the leader in consulting to entities participating in Medicare Advantage and Prescription Drug Plan programs, including health plans, CMS, and providers. The Medicare Advantage line of business is an exciting and growing area in which we are looking to add to our consulting team. Common projects include bid development, experience analysis, feasibility studies, formulary design, contracting support, strategic competitive analysis, and related analytic support.

Who We Are

Independent for over 70 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.

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 Team

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues-from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.

The Role

Actuarial Managers perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various health insurance work areas. While this role will include substantial work in Medicare, Actuarial Managers will also have the opportunity to work in other areas, such as Commercial / ACA, Medicaid, Long Term Care, Pharmacy, and more. Such consulting activities include Pricing, Reserving, Financial Projections, and Mergers and Acquisitions. Actuarial Managers are also responsible for reviewing the work of others, assisting with research and product development, and progressing with actuarial exams to attain the Fellowship in the Society of Actuaries (FSA) designation.

Actuarial Managers are responsible for doing some technical work while delegating the majority of that work to analysts to help meet client needs. Actuarial Managers are expected to teach and train analysts who are working on the projects for which the Actuarial Managers is responsible. Actuarial Managers typically work on five to seven projects simultaneously and are expected to add insight into the technical direction of a project, check the initial reasonableness of the solution and create client communications for review by Consultants. Client interaction generally includes data collection, project updates and answering basic technical questions.

Within a project team, consultants, managers, and analysts coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Managers work directly with analysts by reviewing work, answering questions, and developing client correspondence. Analysts are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions.



  • Associate in the Society of Actuaries (ASA)
  • Bachelor's degree in a quantitative field
  • Thorough understanding of Microsoft Excel and actuarial concepts
  • Experience mentoring staff and managing projects is ideal
  • Experience with Medicare Advantage or Prescription Drug Plan bids strongly preferred

Competencies that support success in this role:

  • Strong communication skills (both verbal and written)
  • Ability to help identify client issues and resources needed to solve problems
  • Analytical thinking skills to evaluate analyses for communication to clients
  • Ability to help plan and organize work for projects
  • Identify project deliverables, meet deadlines, and ensure compliance with quality procedures
  • Strong time management skills
  • Ability to work independently and within a team
  • Client focused and results oriented
  • Organizational expertise and flexibility
  • Goal of attaining FSA designation
  • Ambition and excitement for professional development within the actuarial field

Salary: The salary for this position is commensurate with experience, exams passed, and skills. Managers participate in a bonus program that provides compensation based on exceeding predefined billable work hours.

Location: This position is for the Chicago-Milwaukee (combined) Health Practice. Employees have the option to work out of the Chicago or Milwaukee office. All aspects of this position are identical between both locations (types of projects, organizational structure, exam program, bonus program, etc.). Our office locations work together as one team with the only difference being physical location. All locations follow local guidelines for COVID-19, and may require remote work for a period of time.

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)

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.


Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
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