Actuary - EB Consulting

Milliman’s Employee Benefit Consulting Practice is looking for an actuary with experience working with multiemployer (Taft-Hartley) pension plans to join our growing practice. In this role, you will work on client engagements and marketing efforts, enhance our reputation for exceptional customer service and effective communication, and be a leader that will help chart the future of our multiemployer practice and mentor our next generation of leaders. 

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 Social Impact | Milliman | Worldwide 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.

What You Will Do

In this role, you will support senior consultants by assisting with client projects for multiemployer pension plans, including data preparation, research, and drafting materials. The individual will help communicate technical concepts to internal team members, participate in occasional client discussions, and contribute to project organization and workflow. This position emphasizes collaboration, learning, and skill development, with opportunities to gradually take on more responsibility and support business development activities over time.

• Lead client engagements, serving as the primary contact to key multiemployer clients and contacts.
• Manage client teams, including overseeing production and ensuring technical accuracy of work.
• Attend and present work products at client meetings.
• Actively participate in and lead marketing efforts.
• Supervise and mentor junior staff.
• Be willing to speak at industry conferences.
• Build on Milliman’s reputation for clear communication and excellent customer service.

What We Are Looking For

We are seeking an experienced, client-focused actuary with deep technical knowledge of multiemployer pension plans and an Enrolled Actuary designation. The candidate must excel at communicating complex topics to diverse audiences, have a proven track record managing actuarial staff, and be comfortable traveling to client meetings and industry events. The ideal candidate will also have industry connections, marketing skills, and experience presenting at conferences is preferred, along with a passion for helping grow our business.

Professional Qualifications

• Experience supporting or working with multiemployer pension plans in a client-facing or analytical capacity for at least 10 years.
• Working knowledge of the rules and regulations affecting multiemployer pension plans, with a willingness to deepen expertise.
• Enrolled Actuary designation.
• Ability to clearly communicate technical concepts to a variety of audiences.
• Strong interpersonal skills and the ability to work effectively with individuals of diverse backgrounds.
• Willingness to travel occasionally for client meetings and industry events.
• Some experience mentoring or guiding junior team members, or interest in developing leadership skills.
• Interest in contributing to business growth and participating in practice development activities.
• Ability to build professional relationships; marketing or networking experience is a plus but not required.
• Experience speaking at industry conferences or trade group events is preferred.

If you are a multiemployer consultant who doesn’t have all the preferred qualifications but feel this is the job for you, we would still like to hear from you. 

The Team

The EB Consulting practice delivers innovative actuarial and consulting solutions across a diverse range of industries, serving both active employees and retirees. Our team partners with corporate, public sector, and multiemployer clients, offering tailored expertise in the following key areas:

• Corporate Pension Plans
• Multiemployer Pension Plans
• Public Pension Plans
• Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public combined)
• Health and Group Benefits (Corporate, Multiemployer, and Public combined)
• Compensation and Benefits Surveys
• Investments

By collaborating closely with our clients, we help them navigate complex benefit challenges, optimize plan design, and ensure long-term financial security for their participants.

Location

This position is based in Chicago, IL. Candidates hired in this role must be willing to work in-person in the Milliman office on a weekly basis, but flexible work arrangements will be considered for our hybrid environment.

Compensation

The overall salary range for this role is $110,860 - $200,100

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.

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