Milliman Inc

Consulting Actuary (ASA) - Medicaid (CMH Health)

Milliman Inc$102K — $184K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's or master's degree in a quantitative field
  • ASA designation with the Society of Actuaries (SOA)
  • 7+ years of health actuarial experience or similar at a consulting firm or health insurance company
  • 3+ years of Medicaid managed care experience in the past three years
  • Advanced proficiency in Microsoft Excel and actuarial concepts
  • Experience managing projects
  • Strong verbal and written communication skills and analytical thinking abilities

Responsibilities

  • Build relationships with clients and present project results.
  • Develop a successful client base through networking and marketing.
  • Identify client issues and resources needed for solution development.
  • Plan projects, identify deliverables, and ensure on-time completion to quality standards.

Benefits

  • Medical, Dental, and Vision coverage for employees and dependents
  • Confidential Employee Assistance Program
  • 401(k) Plan with company matching and profit-sharing
  • Discretionary Bonus Program
  • Flexible Spending Accounts for eligible expenses
  • Paid Time Off (15 days annually)
  • Minimum of 10 observed holidays per year
  • Family building benefits including adoption and fertility assistance
  • Up to 11 weeks of paid parental leave
  • Fully covered life insurance and disability benefits
Full Job 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's CMH Health Practice is seeking a consultant with strong Medicaid managed-care experience to lead large, cross-functional projects with clients in the health industry. We are looking for someone who can build relationships with clients and senior management and is eager to apply their skills and experience to our rapidly growing entrepreneurial business.

Job Responsibilities

  • Responsible for building relationships with clients, directing projects, and presenting results to the client and answering their questions.
  • Develop a successful client base through networking, writing articles, speaking engagements, and other marketing methods.
  • Help identify the issues clients are facing and the resources needed to solve problems.
  • Plan projects, identify project deliverables, meet deadlines, and ensure compliance with quality procedures.


Minimum Requirements

  • Bachelor's or master's degree in a quantitative field
  • ASA designation with the Society of Actuaries (SOA)
  • 7+ years of health actuarial experience or similar at a consulting firm or health insurance company is required
  • 3+ years of Medicaid managed care experience is required (this experience must be in past three years)
  • Advanced proficiency in Microsoft Excel and actuarial concepts
  • Experience managing projects
  • Strong communication skills (both verbal and written), and analytical thinking skills to evaluate analyses for communication to clients
  • Self-motivated, creative, and resourceful


Competencies and Behaviors that Support Success in this Role

  • Experience with managed Medicaid programs with a preference in developing managed Medicaid capitation rates for state agencies
  • Experience mentoring staff
  • 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


The Team

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. Project 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.

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.


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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
Founded
1947

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