Senior Actuarial Manager – Health Research Team

Milliman

Senior Actuarial Manager joining Milliman's Health Research Team with a focus on healthcare actuarial deliverables and team management. Requires 7+ years experience and FSA designation.

Posted 5/8/2026full-timeChicago • Illinois • 🇺🇸 United StatesSenior💰 $103,500 - $242,650 per yearWebsite

Tech Stack

Tools & technologies

PythonSQL

About the role

Key responsibilities & impact

Directly manage a team of actuaries and analysts, including responsibility for hiring, onboarding, performance management, and career development
Set clear goals and expectations for direct reports, providing regular feedback, coaching, and performance evaluations
Foster a high-performing, inclusive team culture built on collaboration, accountability, and continuous learning
Support direct reports in their actuarial exam progress and professional development planning
Manage team workload and capacity, prioritizing assignments and ensuring timely delivery of commitments
Serve as a people advocate, escalating team needs and removing barriers to success
Contribute to broader organizational talent initiatives, including recruiting, succession planning, and skills development
Serve as an actuarial subject matter resource to the teams responsible for the development and methodology of health discipline products
Provide analytical input, actuarial review, and technical guidance to support healthcare actuarial product framework updates and enhancements
Act as an actuarial resource and advisor to the data quality analytics function, supporting efforts to assess and improve the integrity of actuarial and claims datasets
Provide actuarial research support on healthcare cost trends, utilization patterns, population health, and related topics
Respond to ad hoc analytical requests from leadership, clients, or cross-functional teams with timely and accurate actuarial analysis

Requirements

What you’ll need

Bachelor's or Master's degree in a quantitative field (Bachelor's degree is required)
Fellow of the Society of Actuaries (FSA) designation from the Society of Actuaries
7+ years of actuarial experience, preferably in health insurance, managed care, or a related field
3+ years of direct people management experience, including performance reviews, goal setting, and employee development
Deep expertise in healthcare cost analysis, claims data, and actuarial modeling
Proficiency in analytical tools such as SQL, R, Python, SAS, or similar
Strong understanding of medical coding systems (ICD-10, CPT, DRG) and claims data structures
Demonstrated ability to lead, motivate, and develop teams in a fast-paced, analytical environment
Ability to work effectively in a cross-functional support capacity, influencing outcomes without direct ownership
Excellent written and verbal communication skills with the ability to present complex findings clearly to diverse audiences.

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

actuarial modelinghealthcare cost analysisclaims data analysisanalytical toolsSQLRPythonSASmedical coding systemsdata quality analytics

Soft Skills

team managementperformance managementcoachinggoal settingemployee developmentcollaborationaccountabilitycontinuous learningcommunicationinfluencing outcomes

Certifications

Fellow of the Society of Actuaries (FSA)