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Milliman

Milliman

Associate Actuary

Associate Actuary

Job Details
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Uploaded On
November 24, 2024
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Location
Indianapolis, United States
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Remote?
No
Company Overview
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Headquarters
Seattle, WA
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Number of Employees
3000
Estimated Number of Actuaries
1465
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
80%
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Overall Score
4.1 / 5
The Indianapolis, Indiana office of Milliman, an international firm of actuaries and consultants is seeking an actuarial candidate with experience in individual life insurance. This is an associate level position with significant advancement potential for the right person.

Who We Are
Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

What You Will Do

Job Description

  • Technical expertise with the ability to actively participate in multiple consulting projects at the same time
  • Wide variety of assignments, including pricing, modelling, mergers & acquisitions, asset liability management, cash flow testing, statutory, tax, and GAAP valuation, and ERM/ORSA support.
  • Product development and support experience in the following product areas:
    • ULSG
    • Whole Life
    • Term Life
    • Annuities, and/or
    • Combination Life/Health products
  • Mentor entry-level actuarial staff
  • May require some travel


What We Are Looking For

Professional Qualifications

  • Strong academic background in Actuarial Science, Finance, Statistics, Economics, Mathematics or other related degree
  • Associate of the Society of Actuaries (ASA), with strong commitment to reaching Fellowship (FSA)
  • Two or more years actuarial experience
  • Experience with actuarial software applications


Personal Qualifications

  • Strong work ethic and ability to work independently
  • Proven ability to handle multiple projects and tasks, prioritizing and meeting deadlines
  • Self-motivation to deliver high quality work and expand existing skillset
  • Strong written and verbal communication skills are required


Preferred Qualifications

  • Four or more years actuarial experience is preferred
  • Experience with MG-ALFA is preferred


The Team
Milliman offers a high-performance but relatively casual work environment in Indianapolis. We offer competitive salaries and excellent benefits.

Location
Milliman accepts applicants for this opportunity and hires from this posted opportunity on an ongoing basis. There is not an anticipated closure date for this job posting.

Candidates hired into this role will be required to work in-person in the Milliman office in Indianapolis, Indiana on a weekly basis, but flexible work arrangements will be considered.

Benefits
At Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

  • Medical, dental and vision coverage for employees and their dependents, including domestic partners
  • A 401(k) plan with matching program, and profit sharing contribution
  • Employee Assistance Program (EAP)
  • A discretionary bonus program
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
  • Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
  • A minimum of 8 paid holidays
  • Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
  • Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs


Equal Opportunity
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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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Working at 

Milliman

Milliman is among the largest actuarial and management consulting firms in the world. The firm employs over 2,800 people, including a professional staff of over 1,400 qualified actuaries and consultants in over 50 offices around the world. We provide actuarial consulting services in the property and casualty, life, health, and pension areas to clients which include insurance companies, insurance purchasers, regulators, self-insurers, and pension plan sponsors. Property and casualty services provided cover such diverse areas as evaluation of loss and expense reserves, pricing and funding requirements, risk retention, insurance management and operations, financial analysis, claims consulting, and reinsurance issues. The services we offer are as diverse as our clientele, but all are custom-tailored to meet the unique requirements of each client. For more detail on Milliman, please visit our website at www.milliman.com.