Who We Are

The Life Technology Solutions practice at Milliman, Inc. is looking for consultants with superior technical and communication skills to deliver a full spectrum of modeling solutions with a primary focus Integrate® implementations. Integrate is Milliman's industrial actuarial modeling solution that leverages MG-ALFA to provide highly automated, scalable, governed, orchestrated modeling processes.

Modeling Solutions Consultants design the comprehensive solution and are also the drivers behind the planning and execution of component solutions, within the overall Integrate solution framework. The primary components of this development are the customization of the MG-ALFA Formula Database logic and the configuration of the Integrate solution including Data Management, Reporting, Capital Modeling, and other processes. Consultants must understand the breadth and depth of how the system will be used, making sure the model is structured to support the defined use cases, and also have the flexibility to expand beyond the current needs without major restructuring.

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.

The Department/Team

We are a team of more than 40 consultants with deep actuarial subject matter expertise in individual life and annuity insurance products. Combined with our expertise in financial modeling and analysis, this enables us to provide our clients with advanced analytics and insights required to develop a comprehensive understanding of the business, and to make informed decisions.

Your Role/What You'll Do
The successful candidate would potentially be involved a wide variety of assignments in the area of mergers & acquisitions, asset liability management, cash flow testing, valuation, financial reporting, and financial modeling. Some examples of such assignments include:
• Modeling and financial projections for actuarial appraisals
• Development and analysis of experience studies and actuarial assumptions.
• Asset adequacy analysis and cash flow testing
• Buy-side actuarial due diligence for M&A transactions, including review of financial metrics, assumptions, risks and operations of the business
• Development of valuation models and production processes for US statutory and GAAP reporting.
• Risk and capital assessment, including RBC and economical capital frameworks
• Implementation of Milliman's financial modeling and technology solutions, focused on our proprietary MG-ALFA and Integrate platform-based solutions
• Development of new insurance products

Your Qualifications

The ideal candidate should meet the following requirements:
Required:
• Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program
• Completion of at least two Society of Actuaries (SOA) exams
• Actively pursuing ASA Designation from the Society of Actuaries
Desired:
• Strong quantitative background
• Proficiency in Excel, VBA and SAS
• Insurance product modeling experience and MG-ALFA 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 are required, along with the ability and willingness to clearly articulate your ideas
• 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 insurance is a plus, but not necessary

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 families, including eligible domestic partners.
• A 401(k) plan with matching program
• Paid Parental Leave up to 12 weeks
• Adoption Assistance
• Profit sharing as a discretionary contribution to employees' retirement accounts
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason.
• Milliman pays 100% of the premiums for life insurance, AD&D, an both short term and long term disability coverage
• Voluntary benefits such as additional life or accidental death and dismemberment coverage for yourself or dependents
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation and applicable medical needs
• HMO and PPO Medical Insurance options, Dental, Vision, Commuter benefit, Dependent Care Flexible Spending Account and a Health Care Flexible Spending Account

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.

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)