Senior Actuarial Analyst (ASA) - CMH Health

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’s CMH Health Practice is looking for a Senior Actuarial Analyst to join their vibrant, dynamic, and growing practice. Senior Actuarial Analysts (referred to as Senior 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 We Are  

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, Dental, 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 or master’s degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work  
• ASA designation with the Society of Actuaries (SOA)
• Minimum of 2 years of full-time actuarial experience  
• Thorough understanding of Microsoft Excel and actuarial concepts 

 Competencies and Behaviors that Support Success in this Role 

• Experience working with SAS, VBA, or other coding languages is advantageous   
• Strong communication skills (both verbal and written)  
• Analytical thinking skills to evaluate analyses for downstream impact  
• Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures  
• Strong time management skills  
• Ability to work independently and in a team environment 
• Client focused and results oriented  
• Ambition and excitement for professional development within the actuarial field 
• Demonstrates integrity in all functions of work 

Location

It is preferred that this candidate work in-office at the Milwaukee, Chicago, or Harford office. Remote candidates will be considered.

The expected application deadline for this job is January 17, 2027.

Compensation

The overall salary range for this role is $88,800 – $184,460. For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Newark, San Jose, San Francisco, Pennsylvania, Virginia, Washington, or the District of Columbia, the salary range is $102,120 – $184,460.
• All other states salary range is $88,800 – $160,400.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

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.

Equal Opportunity 

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

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