Consulting Actuary

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, 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.

We are a global actuarial consulting practice working with clients across North America, South America, Asia, and elsewhere.  Our work is varied and challenging but generally focused on construction of financial models and use of such models for financial planning, mergers and acquisition, embedded value, risk management, economic capital, principles-based valuation, product pricing, stochastic analysis, ALM, and GAAP and statutory valuation and forecasts.

The candidate should have excellent analytical, communication, time management, and organizational skills in addition to meeting the following key requirements: 

What We Are Looking For

Professional Qualifications 

Designation of FSA or equivalent

Required Personal Qualifications 

• 10-15 years of relevant work experience in Life Insurance Industry
• Demonstrated project management skills
• Excellent communication skills
• Proficient in actuarial projection software
• Experience in asset modeling and ALM areas
• Experience with both U.S. and Bermuda reporting

Preferred Qualifications

• Previous consulting experience is preferred

Availability 

• Available full‑time starting Summer or Fall 2026

Location & Practice 

This position is for a Consulting Actuary – Life and Financial Services and is based in Milliman’s Seattle, Washington office. The expected application deadline for this job is June 19, 2026.

Compensation

The overall range for this role is $134,435 - $242,650.  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. 

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. 

Qualifications Behaviors Preferred Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well Team Player: Works well as a member of a group Enthusiastic: Shows intense and eager enjoyment and interest Experience Preferred Proficient in Actuarial Projection Software Experience with Annuity product valuation - US and Bermuda Experience with ALM design and implementation Experience with Asset Modeling, and proficient with asset software such as , FactSet, BlackRock Aladdin, Bloomberg Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.