Actuarial Analyst - EB Consulting

The Employee Benefits (EB) Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. We are seeking an analytical and detail-oriented Actuarial Analyst to support our defined benefit pension & OPEB clients. As an Actuarial Analyst, your primary responsibilities include conducting funding and accounting valuations, processing census data, and calculating liabilities using ProVal. You may also prepare government filings, perform benefit calculations, prepare benefit statements, and assist with zone certifications. You will work closely with your team and other internal teams, with limited client interaction, while learning and applying foundational actuarial skills. If you are proactive, organized, and eager to grow in the employee benefits field, we encourage you to apply—including recent graduates and students graduating in May 2026.

Who We Are

Independent for over 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.

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site Social Impact | Milliman | Worldwide to learn more about Milliman’s commitments to our people, inclusion, and sustainability.

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

This entry level position provides support and assistance to actuarial consultants. You will perform actuarial tasks to support defined benefit pension and OPEB plans, including funding and accounting valuations, census data processing, and liability calculations using ProVal. You will prepare benefit statements, government filings, and assist with zone certifications as needed. You will ensure your work is accurate, well-documented, and completed on time while following established processes and compliance requirements. In this role, you will collaborate with your team, apply foundational actuarial skills, and communicate effectively about project status and deadlines.

• Perform actuarial valuations for pension and OPEB plans, including census data processing and liability calculations using ProVal.
• Prepare and review government filings, benefit statements, and assist with zone certifications as needed.
• Ensure accurate and timely delivery of work products, following established processes and documentation standards.
• Initiate peer review and comply with document and email retention policies.
• Monitor and communicate regulatory changes to maintain plan compliance.
• Track time spent on projects and communicate budget needs proactively.

What We Are Looking For

We are seeking a detail-oriented and organized individual with a bachelor’s degree in mathematics, actuarial science, or a related field. The ideal candidate will have strong Excel skills, a willingness to learn actuarial concepts, and the ability to work efficiently within established processes. Effective communication, teamwork, and a commitment to meeting deadlines and compliance standards are essential for success in this role. Experience with ProVal and prior actuarial work is a plus. We encourage recent graduates and students graduating by May 2026 to apply.

Professional Qualifications

• Bachelor’s degree in actuarial science, mathematics, statistics, or a related field preferred (or nearing completion in May 2026).
• A minimum of one SOA exam passed.
• 0-2 years of experience as an Actuarial Analyst.
• Strong analytical and quantitative skills; experience with data analysis in employee benefits or health care preferred.
• Proficiency in Microsoft Excel; experience with ProVal is a plus.
• Ability to produce accurate and timely work while following established processes.
• Excellent written and verbal communication skills, including the ability to draft professional emails and documentation.
• Strong organizational skills and attention to detail.
• Ability to work collaboratively in a team environment and interact with cross-functional teams.
• Eagerness to learn foundational actuarial concepts and gain exposure to more complex tasks.
• Ability to manage multiple tasks and prioritize workloads to meet deadlines.
• Commitment to maintaining confidentiality and complying with document retention policies.

The Team

The EB Consulting practice delivers innovative actuarial and consulting solutions across a diverse range of industries, serving both active employees and retirees. Our team partners with corporate, public sector, and multiemployer clients, offering tailored expertise in the following key areas:

• Corporate Pension Plans
• Multiemployer Pension Plans
• Public Pension Plans
• Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public combined)
• Health and Group Benefits (Corporate, Multiemployer, and Public combined)
• Compensation and Benefits Surveys
• Investments

By collaborating closely with our clients, we help them navigate complex benefit challenges, optimize plan design, and ensure long-term financial security for their participants.

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.

Location

Candidates hired into this role will be required to work in-person two days a week in a Milliman office in one of the following locations: Walnut Creek, CA, Portland, OR, Seattle, WA, Boise, ID, Chicago, IL, New York City, NY or Little Falls, NJ on a weekly basis, but flexible work arrangements will be considered.

Compensation

The overall salary range for this role is $60,300 - $121,555

For candidates residing in:

• Connecticut, Illinois, New Jersey, New York City, California or Washington the salary range is $69,345 - $121,555

• All other locations the salary range is $60,300 - $105,700

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 paid holidays per year. 
• Family Building Benefits – Includes adoption and fertility assistance. 
• Paid Parental Leave – Up to 12 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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