Milliman · 11 hours ago
Associate Actuary - ASA Required
Chicago, IL
Full-time
Hybrid
Entry, Mid Level
$101K/yr - $172K/yr
2+ years expMilliman is a leading actuarial advisor in the U.S. life insurance and annuity industry, seeking candidates for their life consulting practice. The role involves a variety of assignments related to mergers and acquisitions, asset-liability management, and financial modeling.
AnalyticsConsultingInsurTech
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 M&A 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
Development of new insurance products
Qualification
Required
Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program of study
Society of Actuaries (SOA) ASA status
Actively pursuing the FSA designation from the SOA
Minimum of 2 years of full-time work experience in an actuarial role (excluding time spent in internship roles)
Preferred
Strong quantitative background
Proficiency in Excel, VBA and SAS
Insurance product modeling experience and MG-ALFA and Integrate experience, in particular, would be an asset
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, along with the ability and willingness to clearly articulate ideas
The desire and ability to work in a fast-pace environment where the client is always first
Prior consulting experience or a background in individual life insurance a plus, but not necessary
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 observed 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.
Company
Milliman
Milliman is a risk management, benefits, and technology firm that offers insurance and retirement services.
1001-5000 employees
H1B Sponsorship
Milliman has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (36)
2024 (18)
2023 (21)
2022 (29)
2021 (23)
2020 (27)
Funding
Current Stage
Late StageLeadership Team
Kathy Kalstrup
Chief Operating Officer
Amy Litton
DC Operations Support Consultant
Recent News
2026-01-11
2026-01-06
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