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Milliman · 1 day ago

Actuarial Analyst - EB Consulting

Boise, ID

Full-time

Hybrid

New Grad, Entry Level

$60K/yr - $106K/yr

0+ years exp

Milliman is an independent consulting firm offering market-leading services in employee benefits, investment consulting, and risk management. The Benefits Consulting Analyst will support retirement and health & welfare employee benefits programs through data analysis, preparing deliverables, and ensuring compliance with regulations while collaborating with internal teams.

AnalyticsConsultingInsurTech

H1B Sponsor Likely

Responsibilities

Perform data analysis related to pension, OPEB, health and welfare employee benefits programs, including monthly experience reports, short-term projections, IBNR estimates, and retirement plan valuation related work

Assist in the design, development, and refinement of benefits programs to align with organizational goals and industry trends

Prepare deliverables such as valuation reports, premium equivalent rates, COBRA rates, and plan design analyses

Draft communications, including emails for vendor management and client follow-ups

Support financial analyses for RFPs and market checks; conduct ad-hoc analyses as needed

Participate in client calls and document meeting notes and action items

Collaborate with internal teams and other Milliman groups

Study benefits trends, benchmark against industry standards, and provide insights to enhance benefits strategy

Ensure work is delivered efficiently and within communicated deadlines, following applicable processes and documenting appropriately

Initiate peer review processes for work products and comply with document and email retention policies

Monitor and communicate changes in applicable regulations to consultants to ensure compliance

Work within assigned budget or proactively communicate when additional time is required

Qualification

ExcelData analysisActuarial scienceCommunication skillsOrganizational skills

Required

Strong Excel skills

Foundation in data analysis

Interest in benefits consulting

Ability to prepare deliverables

Assist with financial analyses

Ensure compliance with regulations

Collaborate with internal teams

Proactive and organized

Eager to grow in the benefits field

Motivated self-starter with a strong analytical mindset and attention to detail

Demonstrated proficiency in Microsoft Excel and comfort working with large datasets

Excellent communication skills, both written and verbal, with the ability to draft professional emails and documentation

Ability to work collaboratively within a team and across departments

Commitment to learning and staying current with industry trends and regulations

Strong organizational skills and ability to manage multiple tasks to meet deadlines

Willingness to take initiative, seek feedback, and continuously improve processes and deliverables

Integrity and respect for confidentiality and compliance with company policies

Preferred

Bachelor's degree in actuarial science, mathematics, statistics, business, or a related field is preferred

A minimum of one SOA exam passed

Strong analytical and quantitative skills; experience with data analysis in employee benefits or health care preferred

Familiarity with other data analysis tools is a plus

Basic understanding of retirement and health & welfare benefits programs and current industry trends is desirable

Benefits

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.

Company

Milliman

Glassdoor3.9

Milliman is a risk management, benefits, and technology firm that offers insurance and retirement services.

Founded in 1947

Seattle, Washington, USA

1001-5000 employees

http://www.milliman.com

H1B Sponsorship

Milliman has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (36)

2024 (18)

2023 (21)

2022 (29)

2021 (23)

2020 (27)