What are the responsibilities and job description for the Actuary position at Milliman?
Actuary, Chicago, IL: Analyze statistical data, such as mortality, accident, sickness, disability & retirement rates & construct probability tables to forecast risk & liability for payment of future benefits. Develop variable annuity (VA) products through actuarial modeling & develop hedging strategies to hedge market risk for VA products. Conduct mathematical & statistical analysis for risk mgmt. for insurance companies. GAAP valuation for life insurance estimations. Support development of valuation models for US statutory & GAAP LDTI reporting using Integrate & MG-ALFA. Require: Master's Degree in Actuarial Science, or Finance, or Mathematics/Applied Mathematics with concentration in Actuarial Science, or equivalent. Permanent US work auth. reqd. Contact: Milliman, Inc., 71 S. Wacker Dr., 31st Fl., Chicago, IL 60606, or ChicagoHR@milliman.com. 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. Salary range: $118,140-$200,860/Year.
Professional Qualifications Required:
- FSA required
- Minimum of 0 years of actuarial experience
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.
- Employees working less than full-time accrue PTO on a prorated basis.
- Holidays – A minimum of 10 observed 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.
This position is based out of the Milliman office in Chicago, IL. Candidates hired into this role must be willing to work onsite full-time.
The expected application deadline for this job is March 13th, 2025.
Salary : $118,140 - $200,860
