Associate Actuary

Job Description

Associate Actuary | Milliman

The Tone:
This is a full-time role at Milliman, located in Chicago, IL. Milliman provides expert consulting and actuarial services, helping clients navigate complex financial challenges. This role is crucial for analyzing statistical data, forecasting risk and liabilities, and supporting critical Merger & Acquisitions (M&A) due diligence within the annuities business, contributing directly to informed strategic decision-making.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, Chicago, IL
• Pay: $51–$55 hourly
• Mission: This person analyzes statistical data and financial models to assess risk and liability, particularly for M&A transactions involving annuities.
• Tech Stack: MG-ALFA, Integrate

What You’ll Actually Do
• Data Analysis & Forecasting: Analyze statistical data and construct probability tables to forecast risk and liability for future benefit payments.
• M&A Due Diligence: Conduct M&A due diligence, reviewing assumptions, risks, and operations for Variable and/or Fixed Indexed Annuities businesses.
• Risk Exposure Evaluation: Evaluate the appropriateness of exotic derivatives for reducing a company’s risk exposure.
• Risk Program Impact: Determine the impact of various risk management programs specifically for M&A transactions.
• Technical Implementation: Implement financial modeling and technical solutions using MG-ALFA and Integrate platforms.

The Must-Haves
• Background: Master’s Degree in Actuarial Science, Mathematics with a concentration in Actuarial Science, Statistics, Science with a concentration in Actuarial Science, or an equivalent field.
• Experience: Associate of Society of Actuaries (ASA) certification is required. Permanent US work authorization is also required.
• Skills: Statistical data analysis, financial modeling, risk assessment and forecasting, M&A due diligence, proficiency with MG-ALFA and Integrate platforms.