Actuary Jobs in New Jersey

INTRODUCTION

The Employee Benefits (EB) Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. Health & Group Benefits Consultants are an integral part of the overall client management and client relationship function in Milliman’s Employee Benefits Consulting practice. The successful candidate will have at least ten years of Health & Welfare actuarial and consulting experience, with a strong working knowledge of benefits design, delivery, financing, and strategy. This full-time, hybrid position will be part of a team supporting the delivery of consulting projects as well as maintaining existing and growing new client relationships. This position will include support of the multiemployer employee benefits market as well as potentially public and or corporate clients.

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 lead and support Health & Group Benefits engagements, managing complex client projects and relationships while delivering actuarial and strategic guidance on plan design, financials, benefit strategy, and vendor selection/management. Oversee end-to-end marketing and vendor searches across all coverage lines; represent the practice with clients and partners; identify cross-sell opportunities; ensure rigorous project tracking and peer review; build strong internal partnerships; and contribute to business development and prospect presentations.

• Support health & group benefit Consulting Actuaries and manage large, complex client projects and relationships for select Health & Group Benefits clients.
• Provide actuarial and consulting support to clients, including plan design, financial analysis and projections, benefit strategy, and vendor selection and management.
• Manage the marketing and vendor search process for all lines of coverage including (but not limited to) medical, PBM, dental, life/AD&D, disability, vision and reinsurance coverage.
• Leverage expertise and experience to build and strengthen relationships, representing the Practice with key customers, prospects, providers, and other market stakeholders.
• Participate in strategic opportunities for the sale or cross-sell of consulting services to clients and prospects.
• Follow established Milliman protocol for tracking activity, project results and compliance with peer review standards.
• Establish and maintain strong working relationships with appropriate consultants within the Milliman group of practices.
• Participate in developing and making marketing presentations to new prospects.

What We Are Looking For

We’re seeking a seasoned Health & Welfare actuarial consultant (10+ years) with deep expertise in benefits design, delivery, financing, and strategy. The ideal candidate excels at client management and relationship building, contributes to the delivery of complex consulting projects, and helps grow new and existing business. Experience with multiemployer plans is required, with the flexibility to support public and/or corporate clients. This is a full-time, hybrid role within a collaborative team environment, requiring strong communication, analytical, and project management skills.

Professional Qualifications

- At least ten years of Health & Welfare actuarial and consulting experience, with health and life insurance license.
- Bachelor’s degree in actuarial science, mathematics, economics, statistics or a related field.
- Minimum Designation: ASA, MAAA
- Demonstrated success providing Health & Welfare actuarial and consulting services.
- Current and relevant knowledge of legislation, market trends and issues affecting the Health & Welfare market.
- Experience with coverage for the retiree market, including knowledge of Medicare programs.
- Understanding of the marketing / vendor search process and the ability to manage the total process.
- Thorough understanding of medical, dental, life/AD&D, disability, vision, etc. coverage.
- Thorough understanding of self-insurance and stop-loss coverage concepts.
- Strong communication skills (written and verbal) with an ability to present and manage presentations covering complex topics.
- Strong knowledge of Health & Welfare legal and regulatory framework.
- Effective time management skills to prioritize and organize multiple complex projects.
- Strong skills as a problem solver, including taking initiatives to complete necessary research and document the process used to reach conclusions.
- Able to work with time-sensitive material and meet multiple deadlines.
- Able to work independently while also contributing to team environment.

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 Albany, NY, New York City, NY or Little Falls, NJ. Candidates hired in this role must be willing to work in-person in a Milliman office on a weekly basis, but flexible work arrangements will be considered for our hybrid environment. The expected application deadline for this job is April 10th, 2026.

COMPENSATION

The overall salary range for this role is $100,400 - $208,380. For candidates residing in:
- New Jersey and New York City the salary range is $115,460 - $208,380
- Albany, NY the salary range is $100,400 - $181,200

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.