Milliman
Actuarial Analyst- FRM, Chicago Life, and LTS
Milliman, Chicago, Illinois, United States, 60290
Actuarial Analyst - FRM, Chicago Life, and LTS
Join to apply for the Actuarial Analyst - FRM, Chicago Life, and LTS role at Milliman. Overview
We are a team of more than 60 actuaries with deep subject matter expertise in equity-based insurance guarantee products, providing our clients with advanced analytics required to develop a comprehensive understanding of the business, and make informed strategic and risk management decisions. Your Role / What You’ll Do
Design and execute scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives Perform managed services for financial reporting of Variable Annuities, including GAAP and Statutory valuation Merger and acquisitions – due diligence including review of assumptions, risks, and operations of Variable Annuities and/or Fixed Indexed Annuities business; valuation and projection of statutory balance sheet; determine the impact of various risk management programs Build stochastic models for risk-based capital impact analysis Evaluate the appropriateness of exotic derivatives in reducing a company's risk exposure Price and develop new products for financial services companies Collaborate with non-actuarial teams within FRM, Chicago Life, or LTS to enhance actuarial and quantitative finance models, and technology supporting automation platforms Communicate with clients to understand their needs and expectations, as well as to present work product Develop innovative solutions to challenges affecting clients or internal processes and seek business development opportunities to help grow the practice Required / Your Qualifications
Undergraduate degree in Actuarial Science, or a similar quantitative program of study Actively pursuing the FSA designation A minimum of two years of experience in an actuarial role (excluding internships) A minimum of three SOA exams passed Location
Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements may be considered. Compensation
The salary range for this role is $74,360 - $130,420, depending on a combination of factors, including education, relevant work experience, qualifications, skills, certifications, and location. 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 PTO – Full-time employees accrue 15 days per year; prorated for less-than-full-time employees 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 eligible employees Life Insurance & AD&D – 100% of premiums covered by Milliman Short-Term and Long-Term Disability – Fully paid by Milliman Equal Opportunity
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran. Seniority level
Entry level Employment type
Full-time Job function
Finance and Sales Industries
Business Consulting and Services Referrals increase your chances of interviewing at Milliman. Get notified about new Actuarial Analyst jobs in Chicago, IL.
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Join to apply for the Actuarial Analyst - FRM, Chicago Life, and LTS role at Milliman. Overview
We are a team of more than 60 actuaries with deep subject matter expertise in equity-based insurance guarantee products, providing our clients with advanced analytics required to develop a comprehensive understanding of the business, and make informed strategic and risk management decisions. Your Role / What You’ll Do
Design and execute scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives Perform managed services for financial reporting of Variable Annuities, including GAAP and Statutory valuation Merger and acquisitions – due diligence including review of assumptions, risks, and operations of Variable Annuities and/or Fixed Indexed Annuities business; valuation and projection of statutory balance sheet; determine the impact of various risk management programs Build stochastic models for risk-based capital impact analysis Evaluate the appropriateness of exotic derivatives in reducing a company's risk exposure Price and develop new products for financial services companies Collaborate with non-actuarial teams within FRM, Chicago Life, or LTS to enhance actuarial and quantitative finance models, and technology supporting automation platforms Communicate with clients to understand their needs and expectations, as well as to present work product Develop innovative solutions to challenges affecting clients or internal processes and seek business development opportunities to help grow the practice Required / Your Qualifications
Undergraduate degree in Actuarial Science, or a similar quantitative program of study Actively pursuing the FSA designation A minimum of two years of experience in an actuarial role (excluding internships) A minimum of three SOA exams passed Location
Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements may be considered. Compensation
The salary range for this role is $74,360 - $130,420, depending on a combination of factors, including education, relevant work experience, qualifications, skills, certifications, and location. 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 PTO – Full-time employees accrue 15 days per year; prorated for less-than-full-time employees 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 eligible employees Life Insurance & AD&D – 100% of premiums covered by Milliman Short-Term and Long-Term Disability – Fully paid by Milliman Equal Opportunity
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran. Seniority level
Entry level Employment type
Full-time Job function
Finance and Sales Industries
Business Consulting and Services Referrals increase your chances of interviewing at Milliman. Get notified about new Actuarial Analyst jobs in Chicago, IL.
#J-18808-Ljbffr