Life Sciences Consulting Actuary

Position Overview

Milliman's Tampa Health Practice is looking for a highly technical and strategic Fellow of the Society of Actuaries (FSA) with 8 years of experience to join our Health Practice. This role focuses on the intersection of Pharmacy Economics and Advanced Risk Modeling. You will advise top-tier clients (Health Plans, PBMs, and Life Sciences companies) on complex drug pricing strategies, formulary impact modeling, and the financial implications of high-cost gene therapies.

Who We Are

Milliman’s Tampa Health Practice serves a wide variety of organizations, including insurance companies, health plans, healthcare providers, and employers. The staff consists of actuarial professionals in addition to healthcare consultants, administrative, and other non-actuarial staff.

By joining Milliman, you will be working with some of the most experienced, most capable people in the health industry. Through our mentor program, you will have a dedicated colleague available to help guide your career growth. For the right candidate, these opportunities will help you grow professionally while enjoying the work you do.

Key Responsibilities

• Pharmacy Economic Modeling: Lead the development of sophisticated models to evaluate drug pricing strategies, including impacts of the Inflation Reduction Act, Medicare Drug Negotiation Program, Most Favored Nations, and others.
• Advanced Risk Analytics: Lead teams to Model the impact to financial stakeholders in commercial and Medicare health plans of drug formulary/access strategies.
• Strategic Advisory: Act as the primary subject matter expert (SME) for C-suite clients, translating complex pharmacy data into actionable business strategies and regulatory filings.
• Presentation Development: Develop presentations that outline complex models and insights for client projects.
  
  

Required Qualifications

• Credentials: Fellow of the Society of Actuaries (FSA) and Member of the American Academy of Actuaries (MAAA) in good standing.
• Experience: 8 years of health actuarial experience, with at least 4 years focused specifically on pharmacy benefits, drug pricing, or PBM economics.
• Education: Bachelor’s in Mathematics, Computer Science, or a related quantitative field.
  
  

Technical Skills & Programming

• Programming: Advanced SAS and/or SQL proficiency for querying large-scale medical and pharmacy claims datasets.
• Modeling: Experience building complex models from scratch rather than relying solely on "black box" software.
  
  

Preferred Attributes

• Deep knowledge of the Inflation Reduction Act (IRA) and its impact on Medicare Part D.
• Prior experience in a consulting environment.
• Strong communication skills with the ability to "sell" technical solutions to non-technical audiences.
  
  

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. 

Location

Our work arrangement is hybrid, with local employees coming into the office and working from home during the week. This position offers a flexible Remote work arrangement or a Hybrid schedule for candidates located in the Tampa, Florida metropolitan area. Full-time remote work will be considered for the right candidate. The expected application deadline for this job is April 2, 2026

Compensation

The overall range for this role is $147,400 - $279,680. For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Newark, San Jose, San Francisco, Pennsylvania, Virginia, Washington, or the District of Columbia the range is $169,510 - $279,680
• All other locations the range is $147,400 - $243,200
  
  

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.