Life and Health Actuary

The Team

Tampa Individual Life and Health Team is a practice within Milliman, Inc., one of the largest actuarial consulting firms in the world. Our team was established in 1998 and specializes in supplemental life and health products. We expanded our reach with the addition of several senior actuaries who have spent their entire careers focused on these supplemental health and life product lines. In 2013, we were excited to add compliance consulting expertise to our operations. Our dedicated team that specializes in corporate licensing and regulatory compliance, including Uniform Certificate of Authority Application (UCAA) filings has become a driving element of the growing comprehensive services we offer to our clients.

Our broad range of services includes product development support, pricing, experience analysis, product re-rating, valuation, and appointed actuary work, as well as state filings, regulatory support, objection response, corporate licensing and annuity work.

Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team from analysts to consultants to the Principals serving as the client leads. While most of our team's time is spent working on projects developed within our local office, team members also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices, and work with employees from other Milliman life and health practices.

We believe that the compliance and actuarial skillsets have important applications across both our traditional work and our work in new and developing markets. We are committed to developing a pipeline of new talent and future leaders of the firm through support and interaction with senior colleagues.

What You Will Do

The successful candidate would potentially be involved a wide variety of assignments in the areas of valuation, mergers & acquisitions, cash flow testing, financial reporting, product development, and financial modeling. Some examples of such assignments include:

• Development of reserves, financial statement exhibits, valuation models and production processes for US statutory and/or GAAP reporting
• Modeling and financial projections for actuarial appraisals
• Development and analysis of experience studies and actuarial assumptions
• Asset adequacy analysis and cash flow testing
• Actuarial due diligence for M&A transactions, including review of financial metrics, assumptions, risks and operations of the business
• Development of new insurance products, including:
  
  
  
  • Worksite health products (critical illness, accident, hospital indemnity, GAP supplement, cancer, etc.)
  • Combination Life (or Annuity) + Health products,
  • Senior Products (Medicare Supplement and/or long term care)
  • Other supplemental health products
  
  
  
  

As we work in both the life and health space, we are looking for a candidate with experience in both of these areas, or if in only one area, an eagerness to learn the other.

Some travel, related to client presentations and industry meetings, is required.

Qualifications

Required

• Strong academic background in Actuarial Science, Finance, Statistics, Economics, Mathematics or other related degree
• Fellow of the Society of Actuaries (FSA)
• Five or more years actuarial experience
• Strong written and verbal communication skills, along with the ability and willingness to clearly articulate ideas

Desired

• Strong work ethic and ability to work independently
• Ambition to be a future industry and professional leader
• Strong quantitative background
• Industry conference presenting
• Internal and external client relationship management
• Proven ability to handle multiple projects and tasks, prioritizing and meeting deadlines
• Insurance product modeling experience and MG-ALFA and Integrate experience, in particular, would be an asset
• Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic
• Prior consulting experience or a background in individual life insurance valuation

Location

This position is open to in office, hybrid or remote working locations.

In office: This position is based out of the Milliman office in Tampa, Florida. Candidates hired into this role could work onsite.

Hybrid: Candidates hired into this role could work in-person in the Milliman office in Tampa, Florida on a weekly basis, but flexible work arrangements will be considered.

Remote: This role is based out of the Milliman office in Tampa, Florida, but candidates hired into this role could work remotely anywhere in the US.

The expected application deadline for this job is August 1, 2025.

Compensation

The salary range for this role is $100,000 - $209,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, 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.
  • 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.

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 (https://www.milliman.com/en/social-impact) to learn more about Milliman's commitments to our people, diversity and inclusion, social impact 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.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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