Actuarial Analyst â Chicago Life
Actuarial Analyst â Chicago Life
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 66330 - 116270
1 Vacancy
Job Description
The Department
We are a team of more than 70 actuaries with deep subject matter expertise in equity-based insurance guarantee products providing our clients with advanced analytics required to develop a comprehensive understanding of the business and make informed strategic and risk management decisions.
The Role
Actuarial Analysts are involved in a wide variety of assignments in the area of mergers & acquisitions asset liability management cash flow testing valuation financial reporting and financial modeling.
Your Responsibilities based on 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.
- Buy-side 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 MG-ALFA and Integrate platform-based solutions.
- Development of new insurance products.
Job Knowledge Experience Skills
Job Knowledge Required
- Undergraduate degree in Actuarial Science or a similar mathematical or quantitative program.
- Completion of at least two Society of Actuaries (SOA) exams
- Active pursuit of ASA Designation from the Society of Actuaries
- Strong quantitative background
- Proficiency in Excel VBA and SAS
- Insurance product modeling experience and MG-ALFA experience
- 0-1 years of experience
Experience and Soft Skills Required
- Ability to analyze and apply creative problem solving both independently and within a team.
- Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic.
- Proven ability to handle multiple projects and tasks prioritizing and meeting deadlines.
- Strong written and verbal communication skills are required along with the ability and willingness to clearly articulate your ideas.
- The desire and ability to work in a fast-paced environment where the client is always first.
Location:
Candidates hired into this role will be required to work in-person in the Milliman office in Chicago Illinois on a weekly basis but flexible work arrangements will be considered.
The expected application deadline for this job is July 31 2025.
Compensation:
The overall salary range for this role is $66330 - $116270. A combination of factors will be considered including but not limited to education relevant work experience qualifications skills certifications etc.
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 and employees working less than full-time 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.
- Short-Term and Long-Term Disability Fully paid by Milliman.
Equal Opportunity:
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.
Required Experience:
IC
Employment Type
Full-Time
