Finance Associate

The Department

The Finance and Accounting team works directly with our professional services consultants, clients, operations staff, and other internal teams to ensure accurate fiscal management and compliance with financial regulations and laws. The team also provides reporting and analysis to help with the organization's business strategy, sales, and growth goals.

The Role

The Finance/Accounting Associate role is an integral part of finance team and provides support in the areas of accounts receivable, accounts payable, bank deposits, vendor relations, month-end close, year-end reporting, and other administrative tasks.

Your Responsibilities:

• Create invoices and ensure timely delivery to clients per the billing schedules.

• Maintain electronic filing system of invoices, payments, client/vendor agreements and other records in compliance with internal and regulatory agencies' record retention policies.

• Apply payments and investigate any discrepancies between payments and invoices.

• Assist with Month-end, year-end close and audits.

• Reconcile and process vendor invoices per the agreements.

• Work closely with internal and external clients and respond to queries.

• Identify areas for process improvement and recommend new strategies.

• Perform other duties as assigned.

Job Knowledge, Experience Skills

Job Knowledge Required

• Medium to advanced excel skills with ability to manage to large data sets.

• Proficiency with computer systems and ability to learn multiple software applications.

• Understanding of accounting principles and practices.

• Strong Verbal and written communication skills.

Experience and Soft Skills Required

• Bachelor's degree in finance, Accounting or another similarly relevant program of study.

• A minimum of 2 years of experience in a role with similar responsibilities.

• Organizational skills and ability to prioritize tasks.

• Time management skills and ability to multi-task to meet deadlines.

• Demonstrate excellent interpersonal skills and problem-solving abilities.

• Strong work ethics, integrity, and reliability.

• Self-motivated with ability to work independently.

Milliman Mission, Values, Competencies

Our mission is to serve our clients to protect the health and financial well-being of people everywhere. We are influential market leaders, solving important problems through our deep subject matter expertise.

In fulfilling this mission and values, Milliman's professionals are helping our clients answer significant questions, such as:

• How can people provide for themselves when they no longer work?

• How can our clients efficiently finance, deliver and improve healthcare?

• How can an insurer protect its clients against the risks they face?

Since its founding in 1947, Milliman is dedicated to enduring values that govern our actions in the marketplace.

• Quality - Milliman's advice, products and client service adhere to the highest standards of quality.

• Integrity - Milliman's people demonstrate integrity in all that we do. We are committed to honesty and professionalism in our interaction with our clients and colleagues, including independent advice free of conflicts and a culture of inclusion and respect for all colleagues.

• Opportunity - Milliman is committed to embracing diversity and providing all our people opportunities to achieve their full potential including opportunities to:

• Shape their own careers

• Assist in developing the strategy of their practice
• Pursue innovations to further Milliman's mission in the marketplace

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 than full-time accrue PTO on a prorated basis.




• Holidays - A minimum of 10 observed 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.

Compensation

The salary range for this role is $55,000 - $109,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

Location

This role will be part of the Milliman Chicago office, and it is preferred that the candidate work in the office weekly. However, remote applicants within the US will be considered. The expected application deadline for this job is April 30, 2025.

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.