Consulting Actuary - Life Practice (Experienced FSA)

Milliman • Chicago, IL

254d • $118,140 - $200,860

About The Position

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 Milliman's financial modeling and technology solutions, focused on our proprietary MG-ALFA and Integrate platform-based solutions, and other projects including development of new products for financial services companies, risk-based capital impact analysis, and developing economic capital models under various frameworks.

Requirements

• 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 full-time work experience in an actuarial role
• Strong quantitative background
• Proficiency in Excel, VBA and SAS
• Insurance product modeling experience, and MG-ALFA and Integrate experience
• 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

Responsibilities

• 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
• 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 Milliman's financial modeling and technology solutions
• Development of new products for financial services companies
• Risk-based capital impact analysis
• Developing economic capital models under various frameworks

Benefits

• Medical, Dental and Vision coverage for employees, dependents, and domestic partners
• Employee Assistance Program (EAP)
• 401(k) Plan with company matching program and profit-sharing contributions
• Discretionary Bonus Program
• Flexible Spending Accounts (FSA)
• Paid Time Off (PTO) begins accruing on the first day of work
• Minimum of 10 paid holidays per year
• Family Building Benefits including adoption and fertility assistance
• Paid Parental Leave up to 12 weeks
• Life Insurance & AD&D with 100% of premiums covered by Milliman
• Short-Term and Long-Term Disability fully paid by Milliman

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees