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Actuarial Analyst

Actuarial Analyst
Indianapolis, US
81,000 - 110,000
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Job Description


Business Overview:

Milliman's healthcare consulting practice, located in Indianapolis, provides consulting services to a broad array of clients in the healthcare field with a primary focus on Medicaid and Pharmaceutical consulting. We are looking for an actuarial analyst to assist consulting actuaries with the development and use of actuarial models for pricing, reserving, and forecasting. 

Our team members are independent problem solvers who care about the quality of the work that is delivered to clients and to each other. They take personal responsibility for their work and are motivated to succeed in their own careers as well as to help the firm succeed. We leverage these skills to create innovative solutions and share novel insights with our clients.

The successful candidate will review, organize and analyze statistical data, develop and utilize actuarial models, analyze healthcare costs and utilization data, and implement software solutions under actuaries’ supervision.

Our flat structure provides ample opportunity for self-motivated actuarial analysts to ask questions, learn fast, interact with leading experts in the field, and take on responsibility commensurate with desired professional growth. 

Position Description: 

  • Analyze healthcare cost and utilization data using spreadsheets and databases
  • Review, organize and analyze statistical data using Excel, R, SQL or SAS
  • Examine benefit plan and insurance pricing
  • Perform experience analysis and reserving
  • Complete technical research and computer modeling
  • Provide financial and statistical analysis
  • Reconcile claims data and project future costs
  • Acts as a good representative of the practice both professionally and socially
  • Actively participate in a team-based environment
  • Displays willingness and eagerness to learn 

Minimum Qualifications: 

  • Bachelor’s degree in actuarial science, mathematics, or a related major with quantitative course work
  • Cumulative GPA of at least 3.3+
  • Previous actuarial, or related internship, experience is a plus
  • At least 1 Society of Actuaries exams passed
  • A desire to expand actuarial skills and be committed to obtaining Fellowship
  • Knowledge of Excel
  • Knowledge or training in computer programming language a plus
  • Ability to quickly learn new software programs
  • Strong analytical, communication, time management and organizational skills
  • Strong attention to detail
  • Ability to follow technical instructions
  • Treats others with respect

Why Milliman?

Milliman is among the world's largest independent consulting and actuarial firms. Our clients represent nearly every segment of stakeholders in the global healthcare system. We advise clients on a wide range of issues - from assessing the impact of healthcare reform on organizations or populations to providing insight into medical utilization. Our consulting work is supported by a powerful tool kit of data analytics solutions and an expert-driven, multidisciplinary team approach to deliver actionable insights to our clients. Starting positions in the Milliman Indianapolis Health Practice offer varied opportunities to develop both professional and technical skills.  

Milliman Benefits 

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual. We offer a competitive benefits package which includes:

  • Medical, dental and vision coverage for employees and their families, including eligible domestic partners
  • A 401(k) plan with matching program
  • Paid Parental Leave up to 12 weeks
  • Profit sharing as a discretionary contribution to employees’ retirement accounts
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason
  • Adoption assistance
  • Milliman covers 100% of the premiums for life insurance, AD&D, and both short term and long term disability coverage
  • Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation and applicable medical needs
  • Funding of continuing education opportunities, exam registration, and study materials
  • Study time for actuarial exams
  • Employee Assistance Program to support both your mental and physical health needs




Bachelors or better in Actuarial Science or related field.



GPA of at least 3.3

At least 1 Society of Actuaries exams passed

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