The Department

LifeRTC is a joint practice composed of Chicago Life, Financial Risk Management (FRM), and Life Technology Solutions (LTS) with major offices in the United States (Chicago and Seattle), United Kingdom (Birmingham, London, and Southampton), and Australia (Sydney). LifeRTC has four primary business lines: Strategic Consulting, Actuarial Products, Managed Services, and Fund Services.

Our Strategic Consulting business line provides expert advice and tailored solutions for (re)insurance companies and financial institutions navigating critical business decisions. We offer deep industry knowledge and analytical rigor to help clients achieve their strategic objectives. We advise clients making lasting strategic decisions affecting their financial performance and balance sheet by way of:

• Mergers & Acquisitions
• Balance Sheet Management
• Regulatory Compliance
• New Entity Structuring

Our Actuarial Products business line provides cutting-edge software solutions and expert consulting services to life (re)insurance companies worldwide. Our solutions empower actuaries to streamline complex processes, improve accuracy, and enhance decision-making. Our suite of powerful actuarial software solutions paired with exceptional professional services enable efficient:

• Asset & Liability Management
• Pricing
• Valuation
• Risk Management
• Business Insights

Our Managed Services business line empowers financial institutions and risk-bearing entities to optimize their operations and focus on core strategic initiatives. We provide comprehensive, turnkey solutions for complex functions, leveraging our deep expertise, robust processes, and innovative technology. Our wide range of turnkey services include:

• Annuity hedging
• Financial reporting and model management
• Asset and liability management
• Capital management

Our Fund Services business line provides comprehensive quantitative investment advisory services to a diverse range of clients. We guide clients through every stage of the investment process, from strategy design and portfolio construction to ongoing management and regulatory compliance. Our comprehensive suite of investment services include:

• Derivate Expertise
• Quantitative Strategy Design
• Trade Planning & Execution
• Investment Operations
• Marketing & Support
• Performance Analysis

The Role

The Associate Counsel role for LifeRTC is a generalist in-house role with a wide range of responsibilities: contracting, regulatory compliance support under the Advisers Act and 1940 Investment Company Act, among others, corporate governance, and international coordination. The workload is varied and driven by business priorities. The attorney must be comfortable shifting between subject areas and taking on unfamiliar issues to develop expertise.

Your Responsibilities:

• Contracting
  
  • Review and negotiate investment management agreements, NDAs, releases, consulting and other professional services agreements, technology agreements (both SaaS licenses and vendor agreements), and trading agreements
  • Identify risks and escalate as necessary
  • Maintain templates and contract process discipline
• Regulatory support
  
  • Assist as needed with Advisers Act, Investment Company Act, or other applicable regulation obligations, such as rule analysis, review of materials, or otherwise
  • Support registered fund matters (prospectus reviews, board materials, etc.)
  • Assist with policies, procedure, filings, and regulatory exams
• Corporate governance
  
  • Support board and or committee preparations, which may include recordkeeping
• Global support
  
  • Coordinate with Milliman's offices in the UK and Australia on similar responsibilities
• Take on legal workstreams outside core expertise as business demands require

Job Knowledge, Experience Skills

Job Knowledge Required:

• Juris Doctor required, admitted in at least one U.S. jurisdiction
• 3-6 years of legal experience (law firm or in-house)
• An ideal candidate must have significant experience in at least one of the following areas:
  
  • Registered funds (mutual funds, ETFs)
  • Derivatives (options, futures, or swaps)
  • Professional/advisory services (e.g., M&A advisory, investment banking, consulting)

Experience and Soft Skills Required:

• Experience in a regulated or financial services environment
• Adaptability and composure under shifting priorities
• Strong judgment and escalation instincts
• Clear, concise writing
• Ownership mentality and willingness to take the initiative

Additional Knowledge and Skills to Build:

• Sharp critical thinking skills, sound judgment and decision-making ability, and both the ability and willingness to clearly articulate your ideas
• Expansion of subject matter expertise across registered funds, derivatives, and professional/advisory services, as listed above in the job knowledge section.

Location

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.

The expected application deadline for this job is February 1, 2026.

Compensation

The overall salary range for this role is $120,635 - $199,065. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

Benefits

We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being.
Benefits include:

• Medical, Dental and Vision - Coverage for employees, dependents, and domestic partners.
• Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges.
• 401(k) Plan - Includes a company matching program and profit-sharing contributions.
• Discretionary Bonus Program - Recognizing employee contributions.
• Flexible Spending Accounts (FSA) - Pre-tax savings for dependent care, transportation, and eligible medical expenses.
• Paid Time Off (PTO) - Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays - A minimum of 10 paid holidays per year.
• Family Building Benefits - Includes adoption and fertility assistance.
• Paid Parental Leave - Up to 12 weeks of paid leave for employees who meet eligibility criteria.
• Life Insurance & AD&D - 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability - Fully paid by Milliman.

Equal Opportunity
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.