Associate Actuary

Milliman India; Chicago (IL); On-site; USD 70,000 - 76,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Retirement plan

Life/disability insurance

Job summary

Milliman, Inc. in Chicago, IL seeks an actuary to analyze mortality, morbidity and retirement risk, build probability tables, and forecast liabilities for future benefits.

You will conduct M&A due diligence, review assumptions and operations of Variable Annuities and Fixed Indexed Annuities, and assess exotic derivatives for risk mitigation. Applicants should have a Master's in Actuarial Science or related field, ASA certification, and permanent US work authorization.

Qualifications

• 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 required.
• Permanent US work authorization required.

Responsibilities

• Analyze mortality, accident, sickness, disability & retirement rates and forecast risk and liability for future benefits.
• Conduct M&A due diligence including review of assumptions, risks and operations of Variable Annuities and Fixed Indexed Annuities.
• Evaluate exotic derivatives for reducing risk exposure and determine impact of risk management programs for M&A transactions.
• Implement financial modeling and technical solutions using MG-ALFA and integration.

Skills

Actuarial analysis

Financial modeling

M&A due diligence

MG-ALFA

Education

Master's Degree in Actuarial Science

ASA certification

Tools

MG-ALFA

Job description

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 [e-mail].

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.

Salary/Compensation: $51.00 - $55.00 per hour.