Consulting Actuary
About The Position
The Indianapolis, Indiana office of Milliman, an international firm of actuaries and consultants is seeking an experienced actuarial candidate, with strong expertise in individual life insurance. This is a consultant level position with significant advancement potential for the right person. Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.
Requirements
- Strong academic background in Actuarial Science, Finance, Statistics, Economics, Mathematics or other related degree
- Fellow of the Society of Actuaries (FSA)
- Strong work ethic and ability to work independently
- Proven ability to handle multiple projects and tasks, prioritizing and meeting deadlines
- Strong written and verbal communication skills are required
- Experience with actuarial software applications
Nice To Haves
- 10 - 19 years actuarial experience
- Expertise in principles-based reserves (from both pricing and valuation perspectives)
- Computer programming experience in various programming languages, and experience working with Artificial Intelligence
- Experience working with MG-ALFA
Responsibilities
- Project management and technical expert, overseeing multiple consulting projects at the same time
- Wide variety of assignments, including pricing, modelling, mergers & acquisitions, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.
- Product development and support experience in the following product areas: ULSG, Whole Life, Term Life, Annuities, and/or Combination Life/Health products,
- Lead role in managing and expanding client relationships
- Mentor junior and mid-level actuarial staff
- Requires some travel
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
