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MI
Milliman, Inc
Actuarial Analyst (CMH Health)
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$127,299 / year median in Connecticut
-16% projected decline
Job Description
Actuarial Analyst (CMH Health) Milliman, Inc life insurance, parental leave, paid time off, 401(k) United States, Connecticut, Windsor Aug 13, 2026
Description Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future. Milliman'sCMH Health Practice islooking for Actuarial Analysts tojointheir vibrant, dynamic, and growing practice. ActuarialAnalysts (referred to as Professional Staff)will have the opportunity to work in a wide variety of areas within the healthcare industry, while working alongside some of the leading experts in the field. Who WeAre Independent for more than 75 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, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation. Job Responsibilities Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare Advantage and Part D, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more)
Participate in consulting activities to include pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions
Responsible for reviewing the work of peers and assisting with research and product development
Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables
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 Minimum requirements Bachelor's ormaster'sdegree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work
At least two actuarial exams passed
0-4 years of actuarial or related work experience
- it is preferred candidates have prior relevant experience through internships, academic projects, or employment Thoroughunderstanding of Microsoft Excel and actuarial concepts Must be able to work onsite at least three days (60% of the time) per week at one of our three CMH Health office locations (Chicago, Illinois, Milwaukee, Wisconsin, or Hartford, Connecticut) Actuarial Analysts (Professional Staff) working for CMH Health for less than 18 months are required to work in one of our three office locations at least three days (60% of the time) per week.
Location:
Candidates must be able to work onsite at least 60% of the time at any one of our three CMH Health office locations (Chicago, IL, Milwaukee, WI, or Hartford, CT). The expected application deadline for this job is January 17, 2027.Compensation:
The overall salary range for this role is $60,300- $136,160.
For candidates residing in:
Connecticut and Illinois:
$69,345- $121,555 if overall experience is less than 2years; and $77,740
- $136,160 for experience greater than 2 years
Wisconsin:
$60,300- $105,700 if overall experience is less than 2 years; and $67,600
- $118,400 for experience greater than 2 years A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.
Benefits to working onsite:
At CMH Health we value the growth and development of our Analysts. Working on-site during your first 18 months provides you with many benefits, to include mentorship from experienced actuaries, hands on training and development, face-to-face collaboration, communication, and engagement with your team and supervisor, along with experiencing our practice culture. These experiences will provide you with a great start in your career with Milliman. Benefits We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being.Benefits include:
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 11 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.