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Milliman

Milliman

Consulting Actuary - LAPA Business Development

Consulting Actuary - LAPA Business Development

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Job Details
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Uploaded On
October 8, 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%
""
Overall Score
4.1 / 5

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[ Who We Are

The Chicago office of Milliman Inc. is looking for bright, enthusiastic and qualified candidates to work in their life consulting practice.

In the U.S. life insurance and annuity industry, Milliman is the leading actuarial advisor for mergers & acquisitions, corporate restructuring, and other transaction activity. In addition to a wide variety of M&A consulting, our services span broadly into areas of asset-liability management, enterprise risk management, financial modeling, and actuarial technology modernization. Our clients include some of the biggest and well-known financial services companies.

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

What You Will Do

In this role, You will:

  • Lead a team focused on consulting with clients on a wide variety of mortality and longevity topics.
  • Be a senior member of a team focuses on both life and annuity industry experience studies.
  • Be invited to discuss and explore other areas of consulting not currently being performed at Milliman or areas that can be expanded.


What We Are Looking For

Required:

  • Bachelor's Degree
  • FSA
  • 15+ years of industry experience
  • 7+ years of life insurance experience studies experience


Desired:

  • Well known in the industry through involvement with the Society of Actuaries and other industry groups
  • Prior roles in senior management at life insurance companies
  • Ability to leverage life insurance industry contacts to develop consulting projects
  • The ability to work both collaboratively and independently
  • Strong understanding of US life insurance and annuity products
  • Experience with product development


The Team

We are a team of consultants with deep actuarial subject matter expertise in individual life and annuity insurance products. Combined with our expertise in technology, 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.

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.

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.

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