SAA and ALM Consultant

Milliman•Chicago, IL

10d•$120,635 - $199,065•Hybrid

About The Position

The Department/Team The Chicago Life team is composed of consultants with deep actuarial subject matter expertise in individual life and annuity insurance industry. Combined with its expertise in technology, financial modeling, and analysis, they are enabled to provide clients with advanced analytics and insights required to develop a comprehensive understanding of the business, and to make informed decisions. Your Role/What You’ll Do The SAA and ALM Consultant is involved in a wide variety of assignments in the area of asset liability management, mergers & acquisitions, and financial modeling.

Requirements

Bachelor's degree or higher in financial engineering, mathematics, computer science, statistics, or other quantitative fields
Attainment of the CFA designation
Minimum of 5 years of applicable full-time work experience (excluding time spent in internship roles)
Creative problem solver with an aptitude for complex technical work
Strong quantitative background in life insurance, risk management or investments
Proficiency in Excel and VBA.
Ability to analyze and apply creative problem solving both independently and within a team
Excellent project management skills, including communication and time management skills
Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic

Nice To Haves

Knowledge of Python, C++, C#, and other programming languages a plus

Responsibilities

Portfolio construction and asset/liability management analysis
Researching and developing asset allocation and hedging strategies for effective ALM across variety of product lines
Risk and capital assessment, including RBC and economical capital frameworks
Due diligence of strategic asset allocations and ALM for transaction support
Evaluating the appropriateness of ALM and hedge strategies in reducing a company's risk exposure

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