Milliman Inc

Actuarial Analyst - New York Property and Casualty - Remote U.S.

Milliman Inc • $60K — $136K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in actuarial science, mathematics, data science, statistics, or quantitative field required.
  • Minimum of two actuarial exams passed at the time of application.
  • 1-4 years of actuarial experience, ideally including internships and pricing support for commercial lines.
  • Familiarity with ISO loss costs and regulatory processes is preferred.
  • Strong technical skills in Excel and programming languages (R preferred, SQL, SAS acceptable).

Responsibilities

  • Perform data analysis related to client work, including error checking and report drafting.
  • Develop and utilize actuarial models to solve client problems.
  • Present analytical findings to peers and client relationship managers.
  • Manage data reconciliation and manipulation tasks using programming languages.
  • Assure accuracy in own and peer work while preparing documentation.
  • Conduct research projects to support team objectives.
  • Assist with additional duties as directed by senior actuaries.

Benefits

  • Comprehensive medical, dental, and vision coverage for employees and dependents.
  • Confidential Employee Assistance Program (EAP) for personal and work-related challenges.
  • 401(k) plan with company match and profit-sharing contributions.
  • Paid Time Off (PTO), beginning on the first day of work, with full-time accrual of 15 days annually.
  • Flexible Spending Accounts (FSA) for pre-tax savings on various expenses.
  • Paid parental leave of 11 weeks for eligible employees.
Full Job Description
Milliman's New York Property and Casualty practice (NYPC) provides a wide variety of actuarial consulting services to insurance carriers, reinsurers, and self-insureds including loss reserving, pricing, and predictive modeling.

What You Will Do

In this practice, an Actuarial Analyst is responsible for performing various levels of analysis related to client work, such as reviewing data in preparation for analysis, checking data for errors and consistency, drafting reports, and maintaining documentation. This is a tremendous career opportunity for an early career actuary with pricing experience to take on direct responsibility for client work.

In addition to tactical responsibilities, Analysts are given opportunities to present their findings to their peers, project managers, and client relationship managers. Work is shared across the practice, giving everyone the opportunity to build their skills and showcase their abilities, and take on increasing responsibilities over time.

Our ideal hire for this role is someone who enjoys thinking critically to solve a client's business problems; pairs their strong technical skills with creativity; is adept in independently managing their own workload; and is committed to the actuarial exam process through the Casualty Actuarial Society.

This person will also:

  • Understand, modify, and operate complex spreadsheets and database tools to analyze data and solve problems
  • Receive, reconcile, manipulate, and analyze data using programming languages such as R and SQL
  • Check data for consistency
  • Develop and use actuarial models
  • Present findings to peers, project managers, and client relationship managers
  • Draft written reports and exhibits, and prepare other internal/external correspondence
  • Check their own and peers' work for accuracy
  • Undertake research projects
  • Perform or assist with other duties assigned at the direction of Actuaries and Principals


What We Are Looking For

Professional Qualifications

  • Completed bachelor's degree (at time of application) in actuarial science, mathematics, data science, statistics, or other quantitative major
  • Two or more actuarial exams passed (at time of application)
  • Between one and four years of professional actuarial experience, which can include internship experience, to ideally include:
    • Experience supporting commercial lines pricing and product development, including rate indications, rating plan development, loss cost multiplier (LCM) estimation, experience rating studies, competitor filing review or related pricing projects
    • Familiarity with ISO loss costs, rating plans, increased limit factors (ILFs), size-of-risk curves, and other commercial lines pricing concepts; familiarity with regulatory rate filing processes is also strongly preferred.
  • Strong technical skill in Excel
  • Experience managing data and automating complex data manipulation tasks in R (preferred), SQL, SAS or other programming languages


Required Skills and Competencies

  • Available to start within 2-4 weeks of offer acceptance (this is an immediate hire)
  • Quick learner who takes initiative to dive deeper and solve problems
  • Able to adjust on the fly, to accept new assignments or shift focus, and balance multiple concurrent projects
  • "Big picture" thinking to help anticipate client needs
  • Superb attention to detail and technical accuracy
  • Self-sufficient, motivated to work independently
  • Enthusiasm for the work of our practice, and a strong work ethic to meet our clients' needs
  • Collaborative by nature, willing to help wherever needed
  • Excellent written and oral communication skills, including the ability to express or explain complicated technical concepts to a variety of audiences


Additional Skills and Experience Welcome

  • Prior P&C reserving experience
  • Proven technical skill in programming with SAS, R, Python and/or SQL (R most preferred)
  • Predictive modeling experience or an area of keen interest


Individual(s) must be legally authorized to work in the United States without the need for any immigration support or sponsorship from Milliman now or in the future. This includes international students.

Location

This is a remote position, based in the United States. The expected application deadline for this job is October 16, 2026.

Compensation

The overall salary range for this role is $60,300 - $136,160. For candidates residing in:

  • Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City,
    • Pennsylvania, Virginia, Washington, or the District of Columbia, the range is: $69,345 - $121,555 if overall experience is less than 2 years; and
    • $77,740 - $136,160 if overall experience is greater than 2 years but less than 4 years.

  • All other states, the range is:
    • $60,300 - $105,700 if overall experience is less than 2 years; and
    • $67,600 - $118,400 if overall experience is greater than 2 years but less than 4 years.


A combination of factors will be considered, including, but not limited to: education (including passed actuarial exams), relevant work experience, qualifications, skills, certifications, etc. Employees of this practice are also eligible for an annual bonus program that is dependent on billable hours worked and the success of the practice. Bonuses are calculated and paid based upon a practice-level policy, and are not guaranteed.

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 paid holidays per year.
  • Family Building Benefits - Includes adoption and fertility assistance.
  • Paid Parental Leave - 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.


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About Milliman Inc

Milliman is a global consulting firm that provides actuarial, risk management, and healthcare consulting services. The company's clients include insurance companies, healthcare providers, and government agencies. Milliman's services are designed to help clients manage risk, improve financial performance, and comply with regulatory requirements. The company was founded in 1947 and is headquartered in Seattle, Washington. Milliman has offices in North America, Europe, Asia, and Australia.
Learn more about Milliman Inc
Size
4,000 employees
Industry
Legal & Accounting
Founded
1947
* Ladders Estimates

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