Actuarial Analyst- Exam
Walnut Creek, CA 
Posted 1 month ago
Job Description

Who We Are

Independent for 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 and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

What You Will Do

Responsibilities include preparing actuarial valuations of pension and retiree health plan liabilities for multiemployer, corporate, and public pension plans, performing analysis of gains and losses, plan design studies, drafting employee communications, analysis of health claims, projections of health claims costs, and communicating results to clients.

  • Process and organize data for actuarial valuation of pension and retiree health plans
  • Assist with setup and programming of actuarial valuations of health and retirement benefits
  • Update / develop new and existing Excel workbooks
  • Assist with electronic file management and documentation
  • Assist with government filing preparation
  • Prepare benefit calculations
  • Draft plan amendments and member communications
  • Draft Summary Plan Descriptions and plan documents

What We Are Looking For

Professional Qualifications

  • Bachelors in Mathematics, Statistics, Economics, or related field
  • Proficient with Microsoft Office applications including Microsoft Excel and Word

Personal Qualifications

  • Ability to analyze and organize large amounts of data
  • Strong organizational skills
  • Excellent written and oral communication skills
  • Attention to detail

Preferred Qualifications

  • Completion of one or more Society of Actuaries exams

The Team

Our team is comprised of consultants, actuaries, and analysts that provide services on retirement and health and welfare benefits plans. Our focus is serving the business needs of our clients and the healthcare and retirement needs of plan participants and their families. Our clients are primarily Multiemployer trusts that provide benefits to collectively bargained employees, though we also serve public and private sector benefit plans.


Candidates hired into this role will be required to work in-person in the Milliman office in Walnut Creek, California on a weekly basis, but flexible work arrangements will be considered.


The salary range for this role is $61,000 to $94,000, depending on relevant factors, including, but not limited to, education, work experience, qualifications, skills, certifications, location, etc.


At Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

  • Medical, dental and vision coverage for employees and their dependents, including domestic partners
  • A 401(k) plan with matching program, and profit sharing contribution
  • Employee Assistance Program (EAP)
  • A discretionary bonus program
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
  • Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
  • A minimum of 8 paid holidays
  • 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.

Bachelors of Statistics (required)
Bachelors of Mathematics (required)
Bachelor of Arts of Economics (required)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Milliman is an equal opportunity employer

Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law.

Reasonable Accommodation Notice

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.


Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
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