About Milliman
Milliman is one of the world’s largest providers of actuarial and related consulting services, with practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Established in 1947, Milliman is an independent firm with a global presence. Our Karachi office supports consulting projects across the Middle East and GCC regions.
Key Responsibilities:
- Develop and implement credit risk models, including Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models.
- Perform data analysis and statistical modelling to assess credit risk and forecast potential losses.
- Gather, manage, and analyze data for model development and validation.
- Collaborate with cross-functional teams to integrate credit risk models into business processes and systems.
- Prepare comprehensive reports and presentations on model findings, methodology, and performance for senior management and stakeholders.
- Stay updated with industry trends, regulatory changes, and best practices in credit risk modelling.
- Assist in derivative (Swap) valuation
Qualifications:
- Proven experience in IFRS 9 modelling, PD modelling, and LGD modelling.
- Strong knowledge of databases and data management practices.
- Proficiency in Excel and PowerPoint for data analysis and presentation.
- Excellent analytical and problem-solving skills with attention to detail.
- Ability to work collaboratively in a team environment and communicate complex concepts clearly.
Preferred Skills:
- Experience with programming languages such as SQL, Python, R, and VBA.
- Familiarity with data visualization tools like Power BI.
- Prior experience working at a Big 4 consultancy firm.
- Advanced proficiency in Excel, including complex formulas, pivot tables, and data analysis tools.
- Strong presentation skills with the ability to convey technical information to non-technical audiences.
- Experience in derivative valuation.
Education:
- Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related field. A Master's degree or relevant certification is a plus.
- CFA
Skills Required
- Proven experience in IFRS 9 modelling, PD modelling, and LGD modelling
- Strong knowledge of databases and data management practices
- Proficiency in Excel and PowerPoint for data analysis and presentation
- Excellent analytical and problem-solving skills with attention to detail
- Ability to work collaboratively in a team environment and communicate complex concepts clearly
- Bachelor's degree in Finance, Economics, Statistics, Mathematics, or related field
- CFA
- Experience with SQL
- Experience with Python
- Experience with R
- Experience with VBA
- Familiarity with Power BI
- Prior experience at a Big 4 consultancy firm
- Advanced proficiency in Excel (complex formulas, pivot tables, data analysis tools)
- Strong presentation skills for non-technical audiences
- Experience in derivative (swap) valuation
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.
