Milliman
Healthcare Business Manager (Employee Benefits) - CMH Health
Milliman, Chicago, Illinois, United States, 60290
Healthcare Business Manager (Employee Benefits) - CMH Health
Milliman’s CMH Health Practice is seeking a Healthcare Business Manager with strong employee benefits experience to join their vibrant, dynamic, and growing practice. The role offers opportunities to work in a wide variety of areas within the healthcare industry alongside leading experts in the field.
Responsibilities
Perform financial analyses including developing pricing and employee contribution strategies, modelling plan design alternatives, and calculating reserves.
Lead vendor procurement strategy, negotiation, implementation, and optimization activities.
Analyze benefit plan design, cost savings, and funding strategies.
Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various health insurance work areas (Medicare, Commercial/ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more).
Provide consulting services in Pricing, Reserving, Financial Projections, and Mergers and Acquisitions.
Coordinate technical work and delegate tasks to professional staff to meet client needs; review work and assist with research and product development.
Manage multiple projects simultaneously, providing insight into technical direction and creating client communications for review by Consultants.
Minimum Requirements
Bachelor’s or Master’s degree in a quantitative field.
For Manager level: minimum of 4 years of relevant full-time experience, primarily with Employee Benefits programs.
For Senior Manager level: minimum of 6 years of relevant full-time experience, primarily with Employee Benefits programs.
Ability to acquire state life and health license within 90 days of start date.
Thorough understanding of Microsoft Excel and actuarial concepts.
Competencies and Behaviors
Pursuit of CEBS/ASA designation, or health and welfare actuarial/underwriting training.
Experience with SAS, VBA, or other coding languages is advantageous.
Experience with commercial group insurance, employer health benefits, or pharmacy programs from a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurer is strongly preferred.
Experience mentoring staff and managing projects.
Strong communication skills, both verbal and written.
Analytical thinking and ability to translate analyses into client communications.
Ability to plan and organize work for projects, meet deadlines, and ensure quality procedures.
Strong time management, independence, and teamwork skills.
Client-focused and results-oriented mindset; organizational flexibility.
Aspiration for professional development within the actuarial field.
Salary and Location The salary range is $85,100 - $207,720, depending on factors such as education, experience, certifications, and location.
Location preference: on-site in Chicago, IL; Milwaukee, WI; or Hartford, CT. Remote candidates will be considered.
For Candidates Residing In
Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia: $93,610 - $154,550 (less than 6 years); $115,390 - $190,410 (more than 6 years).
New York City, Newark, San Jose, or San Francisco: $102,120 - $168,600 (less than 6 years); $125,880 - $207,720 (more than 6 years).
All Other States: $85,100 - $140,500 (less than 6 years); $104,900 - $173,100 (more than 6 years).
Benefits
Medical, Dental and Vision coverage for employees, dependents, and domestic partners.
Employee Assistance Program (EAP).
401(k) plan with company matching and profit-sharing contributions.
Discretionary bonus program.
Flexible Spending Accounts (FSA).
Paid Time Off (PTO) accrual and holidays (minimum 10 holidays per year).
Family Building Benefits, including adoption and fertility assistance.
Paid Parental Leave (up to 12 weeks, eligibility criteria apply).
Life Insurance & AD&D; 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.
Location: It is preferred that candidates work on-site at the Chicago, IL, Milwaukee, WI, or Hartford, CT offices. Remote candidates will be considered.
Application deadline observed: January 25, 2026.
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Responsibilities
Perform financial analyses including developing pricing and employee contribution strategies, modelling plan design alternatives, and calculating reserves.
Lead vendor procurement strategy, negotiation, implementation, and optimization activities.
Analyze benefit plan design, cost savings, and funding strategies.
Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various health insurance work areas (Medicare, Commercial/ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more).
Provide consulting services in Pricing, Reserving, Financial Projections, and Mergers and Acquisitions.
Coordinate technical work and delegate tasks to professional staff to meet client needs; review work and assist with research and product development.
Manage multiple projects simultaneously, providing insight into technical direction and creating client communications for review by Consultants.
Minimum Requirements
Bachelor’s or Master’s degree in a quantitative field.
For Manager level: minimum of 4 years of relevant full-time experience, primarily with Employee Benefits programs.
For Senior Manager level: minimum of 6 years of relevant full-time experience, primarily with Employee Benefits programs.
Ability to acquire state life and health license within 90 days of start date.
Thorough understanding of Microsoft Excel and actuarial concepts.
Competencies and Behaviors
Pursuit of CEBS/ASA designation, or health and welfare actuarial/underwriting training.
Experience with SAS, VBA, or other coding languages is advantageous.
Experience with commercial group insurance, employer health benefits, or pharmacy programs from a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurer is strongly preferred.
Experience mentoring staff and managing projects.
Strong communication skills, both verbal and written.
Analytical thinking and ability to translate analyses into client communications.
Ability to plan and organize work for projects, meet deadlines, and ensure quality procedures.
Strong time management, independence, and teamwork skills.
Client-focused and results-oriented mindset; organizational flexibility.
Aspiration for professional development within the actuarial field.
Salary and Location The salary range is $85,100 - $207,720, depending on factors such as education, experience, certifications, and location.
Location preference: on-site in Chicago, IL; Milwaukee, WI; or Hartford, CT. Remote candidates will be considered.
For Candidates Residing In
Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia: $93,610 - $154,550 (less than 6 years); $115,390 - $190,410 (more than 6 years).
New York City, Newark, San Jose, or San Francisco: $102,120 - $168,600 (less than 6 years); $125,880 - $207,720 (more than 6 years).
All Other States: $85,100 - $140,500 (less than 6 years); $104,900 - $173,100 (more than 6 years).
Benefits
Medical, Dental and Vision coverage for employees, dependents, and domestic partners.
Employee Assistance Program (EAP).
401(k) plan with company matching and profit-sharing contributions.
Discretionary bonus program.
Flexible Spending Accounts (FSA).
Paid Time Off (PTO) accrual and holidays (minimum 10 holidays per year).
Family Building Benefits, including adoption and fertility assistance.
Paid Parental Leave (up to 12 weeks, eligibility criteria apply).
Life Insurance & AD&D; 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.
Location: It is preferred that candidates work on-site at the Chicago, IL, Milwaukee, WI, or Hartford, CT offices. Remote candidates will be considered.
Application deadline observed: January 25, 2026.
#J-18808-Ljbffr