Associate Actuary - ASA Required
$102120/y-$184460/y
Milliman2 days ago
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OnsiteFull-timeEntry
Summary
Milliman Inc. is seeking an Associate Actuary with ASA status to join their life consulting practice in Chicago, IL. The role involves a variety of actuarial assignments including mergers & acquisitions, asset liability management, and financial modeling.
About the Role
As an Associate Actuary, you will be involved in modeling and financial projections for actuarial appraisals, developing and analyzing experience studies, conducting asset adequacy analysis, and performing actuarial due diligence for M&A transactions. You will also develop valuation models for US statutory and GAAP reporting and assess risk and capital frameworks using Milliman's financial modeling solutions.
About You
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 full-time work experience in an actuarial role.
Preferred:
- Strong quantitative background.
- Proficiency in Excel, VBA, and SAS.
- Insurance product modeling experience and familiarity with MG-ALFA and Integrate.
- Ability to analyze and apply creative problem solving both independently and within a team.
- Self-motivated 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.
- Prior consulting experience or a background in individual life insurance.
Benefits
- Medical, Dental and Vision coverage for employees, dependents, and domestic partners.
- Employee Assistance Program (EAP) for personal and work-related challenges.
- 401(k) Plan with company matching and profit-sharing contributions.
- Discretionary Bonus Program recognizing employee contributions.
- Flexible Spending Accounts (FSA) for pre-tax savings.
- Paid Time Off (PTO) starting at 15 days per year.
- Minimum of 10 observed holidays per year.
- Family Building Benefits including adoption and fertility assistance.
- Paid Parental Leave up to 12 weeks for eligible employees.
- Life Insurance & AD&D fully covered by Milliman.
- Short-Term and Long-Term Disability fully paid by Milliman.
Milliman
Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947, Milliman has offices in key locations worldwide. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. In addition to consulting actuaries, Milliman’s body of professionals includes numerous other specialists, ranging from clinicians to economists.
Chicago, IL