Associate Actuary

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.