Actuarial Analyst- FRM, Chicago Life, and LTS

at

MILLIMAN, INC.

in

Chicago, Illinois, United States Job Description Description The Department/Team:

We are a team of more than 60 actuaries with deep subject matter expertise in equity-based insurance guarantee products, providing our clients with advanced analytics required to develop a comprehensive understanding of the business, and make informed strategic and risk management decisions.

Your Role/What You'll Do:

You will: Design and execute scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives Perform managed services for financial reporting of Variable Annuities, including GAAP and Statutory valuation Merger and acquisitions

• due diligence including review of assumptions, risks, and operations of Variable Annuities and/or Fixed Indexed Annuities business; valuation and projection of statutory balance sheet; determine the impact of various risk management programs Build stochastic models for risk-based capital impact analysis Evaluate the appropriateness of exotic derivatives in reducing a company's risk exposure Price and develop new products for financial services companies Collaborate with non-actuarial teams within FRM, Chicago Life, or LTS to enhance our actuarial and quantitative finance models, and technology supporting the automation platforms Communicate with clients to understand their needs and expectations, as well as to present work product Develop innovative solutions to challenges affecting our clients or internal processes and seek business development opportunities to help grow the practice

Your Qualifications:

Required:

Undergraduate degree in Actuarial Science, or a similar quantitative program of study. Actively pursuing the FSA designation. A minimum of TWO years of experience in an actuarial role (excluding internships).

A MINIMUM

of three SOA exams passed. 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. Compensation The salary range for this role is $74,360

• $130,420, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

Benefits We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being.

Benefits include:

Medical, Dental and Vision

• Coverage for employees, dependents, and domestic partners. Employee Assistance Program (EAP)
• Confidential support for personal and work-related challenges. 401(k) Plan
• Includes a company matching program and profit-sharing contributions. Discretionary Bonus Program
• Recognizing employee contributions. Flexible Spending Accounts (FSA)
• Pre-tax savings for dependent care, transportation, and eligible medical expenses. Paid Time Off (PTO)
• Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis. Holidays
• A minimum of 10 paid holidays per year. Family Building Benefits
• Includes adoption and fertility assistance. Paid Parental Leave
• Up to 12 weeks of paid leave for employees who meet eligibility criteria. Life Insurance & AD&D
• 100% of premiums covered by Milliman. Short-Term and Long-Term Disability
• Fully paid by Milliman.

Equal Opportunity All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected... For full info follow application link. Milliman is an equal opportunity employer Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law. Reasonable Accommodation Notice Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment. To view full details and how to apply, please login or create a Job Seeker account