Consulting Actuary

Milliman; Indianapolis (IN); On-site; USD 80,000 - 120,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan with company match

Paid time off (PTO)

Short-term and long-term disability

Paid parental leave

Job summary

Milliman in Indianapolis is seeking an experienced actuarial candidate for a consultant-level position focusing on individual life insurance. The role involves overseeing multiple consulting projects, product development, and mentoring junior staff. Candidates should possess a strong academic background in Actuarial Science, experience with actuarial software, and score well in communication skills. Milliman offers competitive salaries, flexible working arrangements, and strong benefits including medical coverage and a 401(k) plan with company match.

Qualifications

• Strong background in Actuarial Science or related field.
• Fellow of the Society of Actuaries (FSA) is required.
• 10-19 years actuarial experience preferred.

Responsibilities

• Oversee multiple consulting projects concurrently.
• Develop and support products including Life and Annuities.
• Mentor junior actuarial staff.

Skills

Actuarial software applications

Project management

Strong written and verbal communication

Independence

Analytical skills

Education

Strong academic background in Actuarial Science, Finance, Statistics, Economics, Mathematics

Fellow of the Society of Actuaries (FSA)

Tools

MG-ALFA

Job description

Description

The Indianapolis, Indiana office of Milliman, an international firm of actuaries and consultants is seeking an experienced actuarial candidate, with strong expertise in individual life insurance. This is a consultant level position with significant advancement potential for the right person.

About Milliman

Independent for over 75 years, Milliman delivers market‑leading services and solutions to clients worldwide. Today, we help companies tackle complex issues such as retirement funding, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.

We invest in skills training and career development and provide access to learning and mentoring opportunities. Our Employee Resource Groups are employee‑led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage leadership in professional organizations and give back to the professions.

What You Will Do

• Project management and technical expert, overseeing multiple consulting projects concurrently
• Wide variety of assignments, including pricing, modelling, mergers & acquisitions, asset‑liability management, cash‑flow testing, statutory, tax, and GAAP valuation
• Product development and support in the following areas:
  • ULSG
  • Whole Life
  • Term Life
  • Annuities
  • Combination Life/Health products
• Lead role in managing and expanding client relationships
• Mentor junior and mid‑level actuarial staff
• Occasional travel required

Professional and Personal Qualifications

• Strong academic background in Actuarial Science, Finance, Statistics, Economics, Mathematics, or related field
• Fellow of the Society of Actuaries (FSA)
• Strong work ethic and independence
• Proven ability to handle multiple projects, prioritize, and meet deadlines
• Strong written and verbal communication skills
• Experience with actuarial software applications

Preferred Qualifications

• 10–19 years actuarial experience
• Expertise in principles‑based reserves from both pricing and valuation perspectives
• Computer programming experience and familiarity with Artificial Intelligence
• Experience working with MG‑ALFA

Applicants must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

The Team

Milliman offers a high‑performance but relatively casual work environment in Indianapolis. Competitive salaries and excellent benefits are provided.

Location

We accept applicants on an ongoing basis. This role requires weekly in‑person work at the Milliman office in Indianapolis, Indiana, with flexible arrangements considered.

Compensation

Compensation is based on education, experience, qualifications, and other factors.

Benefits

• Medical, dental, and vision coverage for employees, dependents, and domestic partners
• Employee Assistance Program (EAP) – confidential support for personal and work challenges
• 401(k) plan with company match and profit‑sharing contributions
• Discretionary bonus program
• Flexible Spending Accounts (FSA) for dependent care, transportation, and eligible medical expenses
• Paid time off (PTO) – accrues from day one; full‑time employees accrue 15 days per year; part‑time prorated
• Holidays – minimum of 10 paid holidays per year
• Family building benefits – adoption and fertility assistance
• Paid parental leave – up to 12 weeks for eligible employees
• Life insurance & AD&D – 100% of premiums covered by Milliman
• Short‑term and long‑term disability – fully paid

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or protected veteran status.