Associate Actuary

Milliman Ireland; Chicago, Northern (IL, KY); Hybrid; USD 70,000 - 76,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Retirement plan

Life and disability insurance

Job summary

Milliman, Inc. seeks an Associate Actuary in Chicago, IL to analyze mortality, accident, sickness, disability and retirement rates, build probability tables, and forecast risk for future benefits.

Responsibilities include M&A due diligence, evaluating exotic derivatives, and implementing MG-ALFA-based financial models and risk solutions.

Qualifications

• Master’s degree in Actuarial Science or related field.
• Master’s in Mathematics or related field with actuarial concentration.
• Master’s in Statistics or related field with actuarial concentration.
• ASA certification required.

Responsibilities

• Analyze mortality, morbidity and retirement rate data.
• Perform M&A due diligence including assumptions, risks and operations.
• Evaluate exotic derivatives for risk reduction.
• Develop financial models and tech solutions using MG-ALFA.
• Assess impact of risk management programs for transactions.

Skills

ASA certification

Actuarial analysis

Statistical modeling

Education

Master’s in Actuarial Science

Master’s in Mathematics (actuarial)

Master’s in Statistics (actuarial)

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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Education

Required

• Masters or better in Actuarial Science or related field.
• Masters or better in Mathematics or related field.
• Masters or better in Statistics or related field.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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