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Milliman

Milliman

Actuarial Modeling Specialist

Actuarial Modeling Specialist

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Job Details
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Uploaded On
December 19, 2023
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Location
Chicago, United States
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Remote?
No
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
80%
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Overall Score
4.1 / 5
Who We Are

Independent for 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.

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

In this role, you will:

  • Develop and implement advanced asset models, including fixed income, equities, real estate, and alternative investments.
  • Analyze historical data and market trends to create robust projections for asset performance.
  • Assess and quantify financial risks associated with different asset classes.
  • Assist with client projects to develop financial models.
  • Help develop and deliver insightful reports, presentations, and recommendations to clients.
  • Stay up-to-date with industry best practices and regulatory changes to ensure compliance.
  • Support the development and refinement of in-house actuarial models and tools.


What We Are Looking For

Qualifications:

  • Bachelor's degree in Actuarial Science, Finance, Mathematics, or a related field. Advanced degrees and relevant certifications (e.g., ASA, CFA) are a plus.
  • Demonstrated experience in asset modeling, financial analysis, and risk assessment, preferably within a financial services or consulting environment.
  • Proficiency in programming languages (e.g., R, Python) and modeling software (e.g., Excel, MATLAB).
  • Strong quantitative and analytical skills with the ability to work with large datasets.
  • Exceptional communication and presentation skills to convey complex ideas to clients and team members.
  • A deep understanding of financial markets, asset classes, and investment strategies.


Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, Illinois 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


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)
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Working at 

Milliman

Milliman is among the largest actuarial and management consulting firms in the world. The firm employs over 2,800 people, including a professional staff of over 1,400 qualified actuaries and consultants in over 50 offices around the world. We provide actuarial consulting services in the property and casualty, life, health, and pension areas to clients which include insurance companies, insurance purchasers, regulators, self-insurers, and pension plan sponsors. Property and casualty services provided cover such diverse areas as evaluation of loss and expense reserves, pricing and funding requirements, risk retention, insurance management and operations, financial analysis, claims consulting, and reinsurance issues. The services we offer are as diverse as our clientele, but all are custom-tailored to meet the unique requirements of each client. For more detail on Milliman, please visit our website at www.milliman.com.