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 organizations. In Asia-Pacific, Milliman has over 600 employees working across 13 offices in Colombo, Kuala Lumpur, Jakarta, Singapore, Hong Kong, Beijing, Shanghai , Taipei , Delhi , Mumbai , Seoul , Tokyo and Sydney in life and financial, healthcare, property and casualty, and employee benefits consulting practices. For further information , visit Milliman .com.
About Role
Milliman is looking for bright, enthusiastic and experienced individuals, keen to broaden their consulting and management skills as an Actuarial Associate in our life insurance consulting team in Mumbai.
The position provides a great opportunity for someone to take a pivotal role in a dynamic market and be involved in building Milliman’s local life insurance consulting business.
The ideal candidate would:
- have made good progress towards actuarial exams or is newly qualified
- be self-motivated
- have had exposure in modelling related work / projects (ideally using Prophet), financial reporting and insurance regulation. Knowledge of actuarial software and commonly used software is preferred
- have good written and verbal communication skills in English
- be well-presented and have strong networking and business development skills
- have an appreciation of the need to be client focused and work in a collaborative environment
- be able to uphold the quality of work delivered to clients, following Milliman’s quality assurance standards
The successful candidate will broaden their experience and skills while:
- contributing to Milliman's growth in India through business development and project delivery
- contributing to the strategy and direction for the Indian life insurance practice
- preparing proposals, engaging with clients, managing client relationships, billing, etc.
- building Milliman's brand in India through thought leadership, speaking engagements, etc.
- interacting with other leaders in Milliman, especially within the Greater Asia life insurance practice
The candidate can expect to be involved in mergers & acquisitions, financial reporting and IFRS17, business/product strategy work in addition to traditional actuarial work.
The role will include direct consulting exposure to Indian life insurance clients and other stakeholders in the Indian life insurance space. The candidate will be expected to contribute to a wider variety of projects.
This role will involve exposure to work in India and other markets around the region and may involve international travel from time to time.
Skills Required
- Good progress towards actuarial exams or newly qualified
- Exposure in modelling related work, financial reporting and insurance regulation
- Knowledge of actuarial software and commonly used software
- Good communication skills in English
- Strong networking and business development skills
- Client-focused with collaborative skills
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.
