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Milliman · 1 day ago

Actuarial Analyst- FRM, Chicago Life, and LTS

Chicago, IL

Full-time

Hybrid

Entry, Mid Level

$74K/yr - $130K/yr

2+ years exp

Milliman is a team of more than 60 actuaries specializing in equity-based insurance guarantee products, and they are seeking an Actuarial Analyst to manage equity guarantee risk and support financial reporting for Variable Annuities. The role involves designing hedging programs, performing due diligence for mergers and acquisitions, and collaborating with other teams to enhance actuarial models.

AnalyticsConsultingInsurTech

H1B Sponsor Likely

Responsibilities

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 our actuarial and quantitative finance models, and technology supporting the automation platforms

Communicate with clients to understand their needs and expectations, as well as to present work product

Develop innovative solutions to challenges affecting our clients or internal processes and seek business development opportunities to help grow the practice

Qualification

Actuarial ScienceFSA designationSOA examsStochastic modelingRisk managementCommunication skillsProblem-solving

Required

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

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.

Company

Milliman

Glassdoor3.9

Milliman is a risk management, benefits, and technology firm that offers insurance and retirement services.

Founded in 1947

Seattle, Washington, USA

1001-5000 employees

http://www.milliman.com

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)