Actuarial Analyst (Life & Annuity)

Milliman•Seattle, WA

2d•$77,740 - $136,160•Onsite

About The Position

The Actuarial Analyst supports client projects by producing actuarial analyses and financial modeling deliverables under the direction of a Principal, Consulting Actuary, or Consultant. The role is intended for experienced analysts with 2–4 years of relevant experience who are progressing toward the Associate of the Society of Actuaries (ASA) designation and intend to pursue Fellowship of the Society of Actuaries (FSA) credentials. The position is part of a global actuarial consulting practice serving clients across North America, South America, Asia, and other international markets. Work spans financial planning and forecasting, mergers and acquisitions, embedded value and economic capital, risk management and stochastic modeling, asset-liability management, principles-based valuation, product pricing, and statutory, GAAP, and international valuation. The role offers varied technical work, international exposure, and opportunities for professional growth and advancement. Based out of Milliman’s Seattle, Washington office, the analyst performs modeling and analyses for client engagements; builds and maintains models used for valuation, forecasting, pricing, and risk management; and produces accurate, clearly documented work. The analyst also supports statutory, GAAP, and international reporting, communicates results to project teams, may participate in client meetings under supervision, and assists senior actuaries with business development. Occasional domestic and international travel may be required. The position requires a bachelor’s degree in a quantitative field, 2–4 years of relevant actuarial experience, progress toward the ASA designation, and hands-on experience with life and annuity products, U.S. and/or Bermuda reporting, actuarial pricing and projection systems, and AI-related work or research. Advanced Microsoft Excel skills and experience with an actuarial system such as Integrate or MG-ALFA are required. The overall salary range is $77,740–$136,160, with compensation determined by factors including education, experience, qualifications, skills, and certifications.

Requirements

Bachelor’s degree in actuarial science, mathematics, statistics, economics, or a related quantitative field.
2–4 years of relevant actuarial experience.
Progress toward the ASA designation and intent to pursue FSA credentials.
Hands-on experience with life and annuity insurance products.
Hands-on experience with U.S. and/or Bermuda reporting.
Hands-on experience with actuarial pricing and projection systems, particularly MG-ALFA or similar software.
Experience with AI-related work or research and AI tools.
Strong technical and analytical skills, including the ability to produce accurate, well-documented work.
Advanced proficiency in Microsoft Excel.
Experience with one or more of Access, SAS, SQL, Python, R, or Excel VBA.
Experience with Integrate, MG-ALFA, or similar actuarial systems.
Strong written and verbal communication skills, with the ability to clearly explain technical concepts.
Ability to collaborate effectively, pay close attention to accuracy and quality control, learn enthusiastically, and take on increasing responsibility.
Willingness to travel occasionally, including domestically and internationally, as business needs arise.

Nice To Haves

Experience with Tableau and/or Power BI.
Experience with international or Bermuda regulatory reporting.
Experience supporting complex financial models in a consulting environment.
Prior exposure to stochastic modeling, asset-liability management, or valuation frameworks.

Responsibilities

Perform actuarial analyses and modeling for client engagements, including asset modeling, cash flow testing, financial projections, and reporting.
Build, enhance, and maintain actuarial and financial models for valuation, forecasting, pricing, and risk management.
Produce accurate, clear, and well-documented work products that meet internal quality standards and client expectations.
Assist with statutory, GAAP, and international reporting requirements, including Bermuda-specific reporting where applicable.
Communicate analytical results and methodology to project team members and, as appropriate, participate in client meetings or calls under supervision.
Support business development activities with senior actuaries, including research, model development, and proposal support.
Balance multiple projects and deadlines in a fast-paced consulting environment.
Travel occasionally, domestically and internationally, for client work or business development activities.

Benefits

Medical, dental, and vision coverage for employees, dependents, and domestic partners.
Employee Assistance Program (EAP).
401(k) plan with company matching and profit-sharing contributions.
Discretionary bonus program.
Flexible Spending Accounts for dependent care, transportation, and eligible medical expenses.
Paid time off accruing from the first day of work; full-time employees accrue 15 days per year, with prorated accrual for employees working less than full-time.
A minimum of 10 paid holidays per year.
Adoption and fertility assistance through family-building benefits.
Up to 12 weeks of paid parental leave for eligible employees.
Life insurance and AD&D premiums fully covered by Milliman.
Short-term and long-term disability fully paid by Milliman.
Skills training, career development, learning, and mentoring opportunities.