Actuarial Analyst (Life & Annuity)

Milliman•Seattle, WA

6d•Onsite

About The Position

The Actuarial Analyst supports client project work by producing high-quality 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 near attainment of 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 variety, technical challenge, international exposure, and opportunities for professional growth and advancement. The role is based out of Milliman’s Seattle, Washington office. Occasional domestic and international travel may be required for client work or business development. The overall salary range is $77,740–$136,160; compensation considers factors including education, relevant 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 Integrate / MG-ALFA® or similar actuarial systems.
Strong technical and analytical skills and the ability to produce accurate, well-documented work.
Advanced proficiency in Microsoft Excel.
Experience with one or more of Access, SAS, SQL, Python, R, and/or Excel VBA.
Strong written and verbal communication skills, including the ability to clearly explain technical concepts.
Willingness to travel occasionally, including domestically and internationally, as business needs arise.

Nice To Haves

Experience with Tableau and/or Power BI.
Experience with AI tools.
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.
Ability to collaborate effectively across project teams, attention to accuracy and quality control, curiosity in solving complex problems, and motivation to take on increasing responsibility.

Responsibilities

Perform actuarial analyses and modeling to support client engagements, including asset modeling, cash flow testing, financial projections, and reporting.
Build, enhance, and maintain actuarial and financial models used for valuation, forecasting, pricing, and risk management.
Produce clear, well-documented, accurate 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.
Work with senior actuaries on business development activities, 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 as business needs arise.

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.
A minimum of 10 paid holidays per year.
Family building benefits, including adoption and fertility assistance.
Up to 12 weeks of paid parental leave for eligible employees.
Life insurance and AD&D premiums covered by Milliman.
Fully paid short-term and long-term disability coverage.
Skills training, career development, learning, and mentoring opportunities.