Actuary (FSA) - Seattle Health

What You Will Do

• In this role, you will have the opportunity to:
• Perform analysis of healthcare data
• Write reports that explain technical concepts clearly to a non-technical audience
• Manage projects through completion within an expected budget
• Supervise actuarial students and less-experienced actuaries in the completion of technical aspects of actuarial projects
• Employees will be expected to develop the ability to manage client relationships. While not required, employees that learn to successfully generate new business with both new and existing clients are likely to experience the greatest career growth.

Professional Qualifications

• Bachelor’s degree in mathematics, statistics, economics, or a related field
• FSA designation
• Seven to ten years of healthcare actuarial experience. Meaningful experience in one or more of the following areas would be considered a “plus”. Medicaid rate-setting Reserving and year-end statutory financials (“blue” and “orange” blanks) ACA pricing/rate filing Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings) Value-based provider contracting
• Medicaid rate-setting
• Reserving and year-end statutory financials (“blue” and “orange” blanks)
• ACA pricing/rate filing
• Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
• Value-based provider contracting
• Proficiency with Excel
• Some knowledge of SAS, SQL, or R
• Strong understanding of the US healthcare system
• Demonstrable skills in presenting technical concepts to a non-technical audience in an understandable way

Personal Qualifications

• Excellent communication, both verbal and written
• Ability to work both independently and in team environments
• Proven ability to work in a fast-paced environment where client satisfaction is key
• Entrepreneurial spirit
• 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

• This position is based out of the Milliman office in Seattle, WA. It is preferred that this employee work in-office, but remote candidates anywhere in the US will be considered. The expected application deadline for this job is December 28, 2026.

Compensation

• The overall salary range for this role is $103,500 - $242,650. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc. For candidates residing in:
• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia: $119,025 - $214,820 if overall experience is less than 10 years; and $134,435 - $242,650 for experience greater than 10
• $119,025 - $214,820 if overall experience is less than 10 years; and
• $134,435 - $242,650 for experience greater than 10
• All other states: $103,500 - $186,800 if overall experience is less than 10 years; and $116,900 - $211,000 for experience greater than 10
• $103,500 - $186,800 if overall experience is less than 10 years; and
• $116,900 - $211,000 for experience greater than 10
• Employees are also eligible for a bonus under our standard bonus policy. Paid bonus is dependent on billable hours worked by and work managed by the employee. Actual bonuses vary widely based on desired and completed workload but often exceed 40% of base salary.

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 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

Who We Are

Equal Opportunity