Milliman is seeking suitable candidates with strong analytical, problem-solving, technical and communication skills to join our life practice based in Colombo as Senior Actuarial Associates / Actuarial Associates
We present an ideal opportunity for actuarial professionals to hone their technical and communication skills, while collaborating with our team of actuarial experts from across the world, on a range of actuarial projects, in a fast-paced, challenging and rewarding environment.
Key responsibilities:
- Work closely with our team of consultants working across the globe, while delivering high-quality projects to our global client base
- Work on a diverse range of actuarial projects (actuarial modelling, valuations, pricing, business planning, mergers and acquisitions, amongst others)
- Contribute to research and drive innovative new solutions
- Work effectively and efficiently in project teams led by senior actuaries
- Help develop and maintain client relationships
- Work in a flexible, but fast-paced environment
Ideal candidate profile:
- 2-8 years of professional experience in the life insurance / actuarial domain
- Bachelors or Masters in a relevant field (Actuarial Science, Mathematics, Statistics, Economics, etc.)
- Demonstrable progress in actuarial examinations from a recognized professional body / institute
- Strong understanding of actuarial principles with hands-on experience across key actuarial domains
- Experience of using commonly used actuarial software and / or other commonly used programming languages
- Ability to work in a highly collaborative environment as well as independently with minimum supervision
- Ability to take ownership of a technical challenge and see it through to its successful conclusion
- Excellent analytical and communication skills
- Driven and self-motivated
What we offer:
- Opportunity to work with local and international market experts on a wide variety of projects
- Competitive remuneration and annual performance-based bonuses
- Comprehensive actuarial exam support, including structured coaching, exam-based salary increments, and financial support
- Opportunity for continuous training and development
- Flexible working arrangements
About Milliman
Milliman is among the world 's largest independent actuarial and consulting firms. Founded in 1947, Milliman has offices in principal cities worldwide, covering markets in North America, Latin America, Europe, Asia and the Pacific, and the Middle East. With more than 5,000 employees and revenues of US$1.64 billion in 2024, the firm serves the full spectrum of business, governmental, and financial organisations. In Asia-Pacific, Milliman has over 600 employees working across 13 offices in Colombo, Kuala Lumpur, Jakarta, Singapore, Hong Kong, Beijing, Shanghai, Taipei, Gurgaon, Mumbai, Seoul, Tokyo and Sydney in life and financial, healthcare, property and casualty, and employee benefits consulting practices. For further information, visit milliman.com.
Skills Required
- 2-8 years of professional experience in the life insurance / actuarial domain
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field
- Demonstrable progress in actuarial examinations from a recognized professional body
- Strong understanding of actuarial principles with hands-on experience across key actuarial domains
- Experience using commonly used actuarial software and/or programming languages
- Ability to work collaboratively and independently with minimal supervision
- Ability to take ownership of technical challenges and deliver results
- Excellent analytical and communication skills
- Driven and self-motivated
Milliman Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Milliman and has not been reviewed or approved by Milliman.
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Healthcare Strength — Core coverage includes subsidized medical, dental, and vision, plus company-paid life, AD&D, and disability. Materials highlight robust health protections as part of the standard package.
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Retirement Support — A 401(k) with matching is paired with profit-sharing contributions described as generous. These features can significantly bolster long-term compensation when contributions are strong.
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Parental & Family Support — Paid parental leave and family-building support (adoption and fertility) are available alongside caregiver and emotional support resources. These programs extend protection beyond core insurance to meet family needs.
Milliman Insights
What We Do
Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947, Milliman has offices in key locations worldwide. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. In addition to consulting actuaries, Milliman’s body of professionals includes numerous other specialists, ranging from clinicians to economists.
