Associate Actuary, Chicago, IL: Analyze statistical data such as mortality, accident, sickness, disability & retirement rates, construct probability tables to forecast risk & liability for payment of future benefits. Conduct M&A (Merger & Acquisitions) due diligence incl. review of assumptions, risks & operations of Variable Annuities and/or Fixed Indexed Annuities business. Evaluate appropriateness of exotic derivatives in reducing a company's risk exposure. Determine impact of various risk mgmt. programs for M&A transactions. Implement financial modeling & tech. solutions using MG-ALFA & Integrate. Require: Master's Degree in Actuarial Science, Mathematics with conc. in Actuarial Science, Statistics, Science with conc. in Actuarial Science, or equivalent. Associate of Society of Actuaries (ASA) certification reqd. Permanent US work auth. reqd. Contact: Milliman, Inc., 71 S. Wacker Dr., 31st Fl., Chicago, IL 60606, or [email protected]. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Salary range offered= $51 to $55 per hour. Benefits include medical, dental, vision, retirement, life/disability insurance.
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Qualifications Education Required Masters or better. Masters or better. Masters or better. Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Master's degree in Actuarial Science, Mathematics with a concentration in Actuarial Science, Statistics, Science with a concentration in Actuarial Science, or equivalent
- Associate of the Society of Actuaries certification
- Permanent authorization to work in the United States
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.
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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.
