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Nicholas Carnaval, EA, MAAA, ASA

New York, NY, US

Tel: +1 646 4733000

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Professional Designations

  • Enrolled Actuary, ERISA
  • Member, American Academy of Actuaries
  • Associate, Society of Actuaries


  • BS, Mathematics with specialization in Actuarial Science, Hofstra University

Current Responsibility

Nicholas is an actuary in the New York office of Milliman. He joined the firm in 2006.


Nicholas has pension and employee benefit experience, including reviewing actuarial valuation reports and associated funding calculations for single-employer, multiple- employer, and multiemployer pension plans. In addition, he has assisted in plan redesign, plan de-risking, funding and accounting projections, experience studies, nonqualified plan analyses, and plan terminations.

Nicholas has valuation experience with qualified, nonqualified, postretirement, and postemployment benefit plans under U.S. GAAP (FASB ASC Subtopics 715-20, 715-30, 715-60, and 712-10) and international (IAS19) accounting standards.

His responsibilities also include reviewing government filings, employee benefit statements, retirement calculations, and nondiscrimination testing.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman