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Role Summary

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HIGHLIGHTS

Life actuarial analyst role (Chicago) focused on variable annuities and fixed indexed annuities. Work includes dynamic hedging, GAAP and statutory valuation, stochastic capital impact modelling, M&A due diligence, and product pricing. Mid-level role for candidates pursuing the FSA with client-facing responsibilities in Milliman's FRM/Chicago Life/LTS teams.

JOB DESCRIPTION SUMMARY

  • Design and execute dynamic hedging programs for equity guarantees
  • Perform GAAP and statutory valuation and financial reporting for VAs
  • Build stochastic models for capital impact and price new annuity products
  • Client-facing role with M&A due diligence and business development
  • Based in Chicago office; in-person weekly with flexible arrangements considered

DOMAIN EXPERTISE

  • GAAP and statutory valuation of variable annuities
  • dynamic hedging and equity guarantee risk management
  • stochastic modelling for capital impact analysis

KEY REQUIREMENTS

  • Undergraduate degree in Actuarial Science or similar quantitative field
  • Actively pursuing the FSA designation
  • Minimum 2 years of actuarial work experience (excludes internships)
  • At least 3 SOA exams passed
  • Work in-person in Milliman Chicago office on a weekly basis

TECH STACK

  • No tech stack specified
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Role Summary

Loading...

HIGHLIGHTS

Life actuarial analyst role (Chicago) focused on variable annuities and fixed indexed annuities. Work includes dynamic hedging, GAAP and statutory valuation, stochastic capital impact modelling, M&A due diligence, and product pricing. Mid-level role for candidates pursuing the FSA with client-facing responsibilities in Milliman's FRM/Chicago Life/LTS teams.

JOB DESCRIPTION SUMMARY

  • Design and execute dynamic hedging programs for equity guarantees
  • Perform GAAP and statutory valuation and financial reporting for VAs
  • Build stochastic models for capital impact and price new annuity products
  • Client-facing role with M&A due diligence and business development
  • Based in Chicago office; in-person weekly with flexible arrangements considered

DOMAIN EXPERTISE

  • GAAP and statutory valuation of variable annuities
  • dynamic hedging and equity guarantee risk management
  • stochastic modelling for capital impact analysis

KEY REQUIREMENTS

  • Undergraduate degree in Actuarial Science or similar quantitative field
  • Actively pursuing the FSA designation
  • Minimum 2 years of actuarial work experience (excludes internships)
  • At least 3 SOA exams passed
  • Work in-person in Milliman Chicago office on a weekly basis

TECH STACK

  • No tech stack specified

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Job Overview

Salary
$74k - $130k
Years of Experience
2+ Years
Work Type
Permanent
Full Time

Ideal Candidate Profile

An Associate-level life actuary pursuing the FSA with 2+ years' experience in annuities who is comfortable building stochastic models, performing GAAP/statutory valuation, and engaging directly with clients.

Student

Benefits

Health InsuranceDental InsuranceVision Insurance401(k) PlanHigh 401(k) MatchAnnual BonusHSA/FSA AvailablePaid Parental LeaveLife InsuranceShort/Long Term Disability
Shortlist Forming
Closing Soon
80d
80 days ago

Strategy: Speed over Perfection

By Day 21, visibility drops significantly. Recruiters are focusing on existing candidates.

"Don't wait for a cover letter. The requisition could close tomorrow. Apply now."

Job Overview

Salary
$74k - $130k
Years of Experience
2+ Years
Work Type
Permanent
Full Time

Ideal Candidate Profile

An Associate-level life actuary pursuing the FSA with 2+ years' experience in annuities who is comfortable building stochastic models, performing GAAP/statutory valuation, and engaging directly with clients.

Student

Benefits

Health InsuranceDental InsuranceVision Insurance401(k) PlanHigh 401(k) MatchAnnual BonusHSA/FSA AvailablePaid Parental LeaveLife InsuranceShort/Long Term Disability
Shortlist Forming
Closing Soon
80d
80 days ago

Strategy: Speed over Perfection

By Day 21, visibility drops significantly. Recruiters are focusing on existing candidates.

"Don't wait for a cover letter. The requisition could close tomorrow. Apply now."

Life/Consultancy/IC Level
Milliman

Actuarial Analyst- FRM, Chicago Life, and LTS

Milliman•Chicago, United States•2mo ago
HybridIndividual AnnuitiesAsset-Liability ManagementRegulatory ReportingPricing & Rating