Associate Actuary, Behavioral Health & Child Welfare - Indianapolis Health

Overview

Milliman's Indianapolis Health practice is hiring an Associate Actuary (ASA) for our growing portfolio of Behavioral Health and Child Welfare Team projects. The position will advise public sector clients on program financing. The Associate will lead client interactions and assist in leading analytics, project management, and review. The ideal candidate will have a strong financial and analytical background combined with detailed knowledge of human services and other public health programs; experience in child welfare and/or Medicaid programs is required.

Consulting projects include: analysis of public health and human service program design, payment rate development, and analysis of provider/agency financial information. This person will work with other consultants as part of a multi-disciplinary project team.

This position is ideal for a self-starter interested in a fast-paced, high growth opportunity. Our practice offers excellent opportunities for professional development and advancement, including support on the path to Fellowship.

Responsibilities

In this role you can expect to support a wide range of clients and perform the following types of analyses:

• Child Welfare and Medicaid rate setting
• Child Welfare and Medicaid budget and forecasting assistance
• Risk Adjustment
• Projection and other financial modeling including development of dashboards
• Experience analysis including outcomes analysis, prevalence/incidence estimates, and expenses associated with specific diseases and conditions
• Actuarial support for government reporting and requirements

Qualifications

• Knowledge of child welfare, Medicaid, and other government health-related programs
• Knowledge of Child Welfare and Medicaid terminology to communicate effectively with clients and to understand their complex reporting requirements
• Computer programming skills
• Microsoft Office Suite proficiency including Excel, Word, & PowerPoint
• Solid analytic and mathematics skills
• Ability to work within a multidisciplinary team environment and independently manage own work
• Attention to detail
• Ability to work on multiple projects at any given time
• Ability to apply skills learned on one project to subsequent analyses
• Professional presence
• Superior problem-solving capabilities
• Excellent written and oral communication skills
• Strong organizational and time management skills

Required

• At least 5 Society of Actuaries examinations passed
• ASA designation
• 0-9 years of experience

The Team

The Behavioral Health & Child Welfare team is a group of 20+ colleagues, from varying backgrounds, including actuaries, data analysts, and child welfare consultants. This team works primarily with state Medicaid and child welfare agencies on rate setting and financial policy projects. The team often collaborates with members of other teams (i.e. Policy, Medicaid Financial Reporting, Healthcare Management) to best serve our clients unique needs.

Location

The person hired for this role will work in a dynamic, hybrid environment, with 2 to 3 days per week of on-site work required in our Indianapolis office on a weekly basis.

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 full-time accrue PTO on a prorated basis
  
  
  
  
• Holidays - A minimum of 10 observed holidays per year
• Family Building Benefits including 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 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.

The expected application deadline for this job is June 16, 2025.

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