What We Do

Milliman IntelliScript is a group of a few hundred experts in fields ranging from actuarial science to information technology to clinical practice. Together, we develop and deploy category-defining, data-driven, software-as-a-service (SaaS) products for a broad spectrum of insurance clients. We’re a business unit within Milliman, Inc., a respected consultancy with offices around the world.

Candidates who have their pick of jobs are drawn to IntelliScript’s entrepreneurial and collaborative culture of innovation, excellence, exceptional customer service, balance, and transparency. Every single person has a voice in our company, and we challenge each other to push the outer limits of our full, diverse potential. And, we’ve shown sustained growth that ensures you’ll have room to grow your skillset, responsibilities, and career.

Our team is smart, down-to-earth, and ready to listen to your best ideas. We reward excellence and offer competitive compensation and benefits. Visit our LinkedIn page for a closer look at our company, and learn more about our cultural values here.

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 (ERGs) 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 website to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact, and sustainability.

What this position entails

At IntelliScript, we are never comfortable with the status quo. We have taken several products through the market adoption curve and expect more to follow. We pursue opportunities for new growth, and expand into new processes, businesses and markets. Our product suite combines leading edge data, analytics, reporting engines, predictive models, clinical expertise, and technical expertise – all of which can be used to identify, create and pursue new business development (BD) opportunities.

Working with the Director of Business Development, BD Sales Consultants, BD Analyst and various internal experts, the Business Innovation Consultant and Actuary (BICA) identifies, pursues and develops new products and services across various markets and industries. In this highly visible role, the BICA will be stretched and challenged to continually learn new concepts, adapt to new environments and generate new market opportunities. Building new revenue streams that facilitate diversified growth is central to Milliman IntelliScript’s business strategy, highly valued by management, and rewarding to the individual.

What you’ll be doing

• Play a strategic and vital role in growing business development (BD) efforts
• Represent a successful, well-respected company occupying a unique niche in the market
• Innovation and ideas are always welcome at IntelliScript
• Milliman demonstrates work-life integration through a variety of perks and programs
• Success is highly visible – and rewarded (internal growth, bonus plan, etc.)
• Lead the development of the business plan and go-to-market strategy for new ventures and opportunities in the insurance industry
• Facilitate “blue sky” new product generation and innovation
• Diversify our revenue stream by identifying new opportunities and developing new solutions within the insurance industry
• Listen to clients, prospects and potential partners; probe deeper to understand true business needs (i.e. opportunities); build scalable solutions collaboratively; develop studies that will help them to evaluate our BD products
• Communicate with companies, industry leaders and experts to research the viability of new BD ideas
• Lead product development for ideas that are green-lighted for implementation, taking them from concept to production
• Engage other IntelliScript business units throughout the business development cycle; advise our internal experts on the best way to illustrate value proposition for new clients and opportunities
• Ensure the smooth transition of new products from Business Development to Sales and Product Management
• Prospect, qualify and sell early deals for new ideas with support of the BD Sales Consultant and / or Sales Associates
• Seek knowledge of current and relevant political, legislative, and market conditions, and be able to translate information into potential customer business needs
• Develop business plans including all milestones / stages of product and opportunity development
• Develop and build from a solid understanding of all IntelliScript business solutions, product offerings, clients, partners, areas of expertise, capabilities and resources

What we need

• Bachelor’s Degree in actuarial science, economics, mathematics, or other major with quantitative course work
• Actuarial accreditation (e.g. ASA, FSA, MAAA) in good standing
• 5 or more years of professional experience in entrepreneurial business development, sales and/or product development roles
• Proven experience generating new revenue streams by transforming existing business solutions
• Proven experience developing new products for existing and new markets
• Past experience and continued ability to travel nationwide

What you bring to the table

• Energetic, tenacious, resourceful
• Demonstrated “let’s find a way to do it” attitude – no task is too big or too small
• Driven to leverage data and analytics in BD opportunities
• Innovative, energetic, hard-working, self-driven, resourceful
• Thrive in an entrepreneurial and collaborative culture
• Able to see the “big picture” while chasing the details and driving a process
• Exceptional communication skills: articulate and professional when speaking with or emailing clients, prospects and colleagues
• Capable of presenting and facilitating productive discussions in group settings
• Considerate when listening to a client issue or needs, thoughtful in responding, and creative in solving problems
• Provide and receive constructive feedback
• Excellent prioritization of multiple concurrent tasks, such as projects in different phases
• Curiosity, always seeking out learning opportunities both internally and externally

Wish list

• Continued education and/or advanced degree(s)
• Experience in insurance, health care, financial services, actuarial science, and/or software-as-a-service (SaaS)
• Previous use of customer management systems, such as Salesforce

 Location

The expected application deadline for this job is July 1, 2024. This position is open to remote work. Applicants must be willing to travel to the Milliman office in Brookfield, WI as needed and travel nationwide for meetings, conferences, and team events (up to 20%).

The salary range for this position is $150,000 - $305,000 depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, certifications, location, etc. In addition, we offer a significant performance-based bonus plan, profit sharing, and generous benefits.

Milliman Benefits (Full time U.S. positions only)

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

• Medical, dental and vision coverage for employees and their dependents, including domestic partners
• A 401(k) plan with matching program, and profit sharing contribution
• Employee Assistance Program (EAP)
• A discretionary bonus program
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
• A minimum of 8 paid holidays
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage

• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs

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.