Associate Actuary

Milliman; 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 is seeking an Associate Actuary in Chicago, IL to analyze mortality and other actuarial data, build probability tables, and forecast liabilities. The role includes M&A due diligence and evaluating derivatives to manage risk, with implementation of MG-ALFA-based models.

The ideal candidate holds a Master’s in Actuarial Science or related field and ASA certification, and possesses permanent US work authorization. Competitive benefits apply.

Qualifications

• Advanced degree in actuarial science or a related field.
• ASA certification and strong knowledge of life contingency risk.
• Experience with financial modeling for risk assessment in life and annuity products.

Responsibilities

• Analyze mortality, accident, sickness, disability and retirement data.
• Construct probability tables to forecast risk and future benefit liabilities.
• Conduct M&A due diligence, reviewing assumptions, risks and operations of annuities.
• Evaluate exotic derivatives to reduce risk exposure.
• Implement financial modeling and MG-ALFA-based solutions.

Skills

Statistical analysis

Actuarial modelling

Risk assessment

Mergers & Acquisitions due diligence

Financial forecasting

Education

Master's Degree in Actuarial Science or Math with actuarial concentration

ASA certification

Tools

MG-ALFA

Job description

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 [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.

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