Consulting Actuary Life Practice Experienced FSA
Consulting Actuary Life Practice Experienced FSA
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$ 118140 - 200860
1 Vacancy
Job Description
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 Consulting Actuary role is to be involved in a variety of assignments potentially including pricing modeling mergers and acquisitions asset liability management cash flow testing statutory tax and GAAP valuation.
You will focus on:
- 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 merger and acquisition 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
- Other projects including development of new products for financial services companies riskbased capital impact analysis and developing economic capital models under various frameworks
Job Knowledge Experience Skills
Job Knowledge Required:
- Undergraduate degree in Actuarial Science or a similar mathematical or quantitative program of study
- Attainment of the FSA designation with the Society of Actuaries (SOA)
- Minimum of 7 years of fulltime work experience in an actuarial role
Experience and Soft Skills Required:
- Strong quantitative background
- Proficiency in Excel VBA and SAS
- Insurance product modeling experience and MGALFA and Integrate experience in particular
- 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 fastpaced environment where the client is always first
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 and employees working less than fulltime accrue PTO on a prorated basis.
- Holidays A minimum of 10 paid 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.
The expected application deadline for this job is June 2 2025.
Compensation
The salary range for this role is $118140 $200860 depending on a combination of factors including but not limited to education relevant work experience qualifications skills certifications location etc.
Equal Opportunity
Milliman is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex race color religion national origin disability protected Veteran Status age or any other characteristic protected by the law.
Required Experience:
Senior IC
Employment Type
Full-Time
