[ Who We Are

The Chicago office of Milliman Inc. is looking for bright, enthusiastic and qualified candidates to work in their life consulting practice.

In the U.S. life insurance and annuity industry, Milliman is the leading actuarial advisor for mergers & acquisitions, corporate restructuring, and other transaction activity. In addition to a wide variety of M&A consulting, our services span broadly into areas of asset-liability management, enterprise risk management, financial modeling, and actuarial technology modernization. Our clients include some of the biggest and well-known financial services companies.

We hire the best in the business and offer a work environment that is client-focused and encouraging of creativity and problem solving to meet and exceed our clients' expectations. It's about personal responsibility, creativity, and flexibility. We believe great work happens in great work environments.

Our culture is highly collaborative with value placed on high quality work and client service.

Your Role/What You'll Do

The successful candidate would potentially be involved a wide variety of assignments with focus on mergers and acquisitions and strategic consulting. Some examples of such assignments include:

• Actuarial due diligence for M&A transactions, including review of financial metrics, assumptions, risks and operations of the business
• Modeling and financial projections for actuarial appraisals and other analysis such as FP&A, asset adequacy testing, and embedded value
• Strategic consulting including assisting companies with their 5 year plan analysis and assessing market attractiveness for various product lines and across geographic locations
• Contribute to R&D work for the practice

Your Qualifications

The ideal candidate should meet the following requirements:

Required:

• Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program of study
• FSA designation with the SOA
• MAAA designation
• A minimum of 5 years of experience as an Actuary in roles of increasing responsibility

Desired:

• Strong quantitative background
• Proficiency in Excel, VBA, SAS and/or Python
• Insurance product modeling experience and MG-ALFA and Integrate experience, in particular, would be an asset
• Ability to analyze and apply creative problem solving both independently and within a team
• Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic
• Proven ability to handle multiple projects and tasks, prioritizing and meeting deadlines
• Strong written and verbal communication skills, along with the ability and willingness to clearly articulate ideas
• Leadership though development and managing of projects and/or teams of junior actuaries/students
• The desire and ability to work in a fast-paced environment where the client is always first
• Prior consulting experience or a background in individual life and annuity insurance a plus, but not necessary
• 7-10 years or more of total actuarial experience

Location

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

Milliman Benefits

At Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual. We offer a competitive benefits package which includes:

• 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) ]