Associate Actuary - ASA Required

Who We Are

The Chicago office of Milliman Inc. is looking for bright enthusiastic and qualified candidates to work in their life consulting practice.

In the U.S. life insurance and annuity industry Milliman is the leading actuarial advisor for mergers & acquisitions corporate restructuring and other transaction activity. In addition to a wide variety of M&A consulting our services span broadly into areas of assetliability management enterprise risk management financial modeling and actuarial technology modernization. Our clients include some of the biggest and wellknown financial services companies.

We hire the best in the business and offer a work environment that is clientfocused and encouraging of creativity and problem solving to meet and exceed our clients expectations. Its about personal responsibility creativity and flexibility. We believe great work happens in great work environments.

Our culture is highly collaborative with value placed on high quality work and client service.

The Department/Team

We are a team of consultants with deep actuarial subject matter expertise in individual life and annuity insurance products. Combined with our expertise in technology financial modeling and analysis this enables us to provide our clients with advanced analytics and insights required to develop a comprehensive understanding of the business and to make informed decisions.

Your Role/What Youll Do
The successful candidate would potentially be involved a wide variety of assignments in the area of mergers & acquisitions asset liability management cash flow testing valuation financial reporting and financial modeling. Some examples of such assignments include:

• Modeling and financial projections for actuarial appraisals.
• Development and analysis of experience studies and actuarial assumptions.
• Asset adequacy analysis and cash flow testing.
• Actuarial due diligence for M&A transactions including review of financial metrics assumptions risks and operations of the business.
• Development of valuation models and production processes for US statutory and GAAP reporting.
• Risk and capital assessment including RBC and economical capital frameworks.
  Implementation of Millimans financial modeling and technology solutions focused on our proprietary MGALFA and Integrate platformbased solutions.
• Development of new insurance products.

Your Qualifications

The ideal candidate should meet the following requirements:

Required:

• Undergraduate degree in Actuarial Science or a similar mathematical or quantitative program of study.
• Society of Actuaries (SOA) ASA status.
• Actively pursuing the FSA designation from the SOA.
• Minimum of 2 years of fulltime work experience in an actuarial role (excluding time spent in internship roles).

Desired:

• Strong quantitative background.
• Proficiency in Excel VBA and SAS.
• Insurance product modeling experience and MGALFA and Integrate experience in particular would be an asset.
• Ability to analyze and apply creative problem solving both independently and within a team.
• Selfmotivated individual with a sense of intellectual curiosity and a resultsoriented work ethic.
• Proven ability to handle multiple projects and tasks prioritizing and meeting deadlines.
• Strong written and verbal communication skills along with the ability and willingness to clearly articulate ideas.
• The desire and ability to work in a fastpace environment where the client is always first.
• Prior consulting experience or a background in individual life insurance a plus but not necessary.

Milliman Benefits:

We offer a comprehensive benefits package designed to support employees health financial security and wellbeing. Benefits include:

• Medical Dental and Vision Coverage for employees dependents and domestic partners.
• Employee Assistance Program (EAP) Confidential support for personal and workrelated challenges.
• 401(k) Plan Includes a company matching program and profitsharing contributions.
• Discretionary Bonus Program Recognizing employee contributions.
• Flexible Spending Accounts (FSA) Pretax savings for dependent care transportation and eligible medical expenses.
• Paid Time Off (PTO) Begins accruing on the first day of work.
  • Fulltime employees accrue 15 days per year.
  • Employees working less than fulltime 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.
• ShortTerm and LongTerm Disability Fully paid by Milliman.

Location

Candidates hired into this role will be required to work inperson in the Milliman office in Chicago IL on a weekly basis but flexible work arrangements will be considered.

Compensation

The salary range for this role is $101420 $172480 depending on a combination of factors including but not limited to education relevant work experience qualifications skills certifications location etc.

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.

Required Experience:

IC