Associate Actuary
Milliman India
Associate Actuary
Chicago, Illinois, United States · Onsite · Today
Individual Annuities
- Salary
- $106k - $114k
Role Summary
Role type
Capital and risk strategy specialist
Closer to capital and risk strategy than a broad client-facing consulting role because the differentiator is annuity transaction risk and derivatives expertise.
Associate Life Actuary role with Milliman in Chicago, focused on individual annuities, M&A due diligence, risk management, and financial modeling. You’ll assess variable and fixed indexed annuity businesses, evaluate derivatives and risk programs, and use MG-ALFA and Integrate. An ASA and relevant master’s degree are required; the ad lists $51-$55 per hour.
Requirements
Must have
- Master's degree in Actuarial Science, Mathematics with Actuarial Science concentration, Statistics, or Science with Actuarial Science concentration
- ASA certification
- Permanent US work authorization
Strongly preferred
- Experience analyzing statistical data (mortality, accident, sickness, disability, retirement rates)
- Experience constructing probability tables to forecast risk
- M&A due diligence experience including variable annuities and/or fixed indexed annuities
- Experience evaluating exotic derivatives in risk reduction
- Experience implementing financial modeling solutions using MG-ALFA & Integrate
- Knowledge of risk management programs for M&A transactions
Skills & Domain
ToolsExcel
DomainVariable annuitiesFixed indexed annuitiesExotic derivatives risk evaluationM&A due diligence for annuity business