[Hiring] Associate Actuary @Milliman

Role Description

Milliman's Seattle Health Practice is looking for an Associate Actuary with extensive experience in Medicare Part D. The position requires:

• Creative actuarial capabilities
• Good communication and interpersonal skills
• Organizational talents
• A high degree of self-motivation
• The ability to lead a team of analysts

We provide extensive on-the-job training in consulting skills and advanced actuarial techniques.

In this role, you will have the opportunity to:

• Lead Medicare Part D and Medicare Advantage bid pricing and forecasting
• Present results to and participate in strategic discussions with clients
• Provide strategic guidance to local and regional health plans around evolving impacts of the Inflation Reduction Act and other regulatory and market forces
• Perform analysis of healthcare data
• Write reports that explain technical concepts clearly to a non-technical audience
• Manage projects through completion within an expected budget
• Supervise actuarial students in the completion of technical aspects of actuarial projects

Employees will be expected to develop the ability to manage client relationships. While not required, employees that learn to successfully generate new business with both new and existing clients are likely to experience the greatest career growth.

Qualifications

• Bachelor’s degree in mathematics, statistics, economics, or a related field
• ASA designation
• 5-10 years of healthcare actuarial experience, including:
  • Three or more years of experience with Medicare Part D, including bid development
  • Experience with Medicare Advantage
  • Experience with commercial programs preferred, but not required
• Proven ability to communicate technical concepts clearly to non-technical audiences
• Strong understanding of the US healthcare system
• Advanced proficiency with Excel
• Working knowledge of SAS, SQL, or R

Requirements

• Excellent verbal and written communication skills
• Ability to work effectively both independently and collaboratively in a team environment
• Proven ability to succeed in a fast-paced environment with a strong focus on client satisfaction
• Entrepreneurial mindset with a proactive, solutions-oriented approach

Preferred Qualifications

• Bid Certification
• Experience with R and/or Python
• Experience with PowerBI

Location

This position is based out of the Milliman office in Seattle, WA. It is preferred that this employee work in-office, but remote candidates anywhere in the US will be considered. This job posting is expected to close on July 31, 2026.

Compensation

The overall salary range for this role is $88,800 - $208,380. For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia:
  • $102,120 - $184,460 if overall experience is less than 10 years
  • $115,460 - $208,380 for experience greater than 10
• All other states:
  • $88,800 - $160,400 if overall experience is less than 10 years
  • $100,400 - $181,200 for experience greater than 10

Employees are also eligible for a bonus under our standard bonus policy. Paid bonus is dependent on billable hours worked by and work managed by the employee. Actual bonuses vary widely based on desired and completed workload but often exceed 30% of base salary.

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 observed 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.