Consulting Actuary - Life Practice (Experienced FSA)
HybridIndividual Life ProtectionIndividual AnnuitiesAsset-Liability ManagementRegulatory ReportingCapital Modelling & Economic Capital
Role Summary
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Senior life consulting actuary role in Chicago focusing on individual life and annuity products. Responsibilities include valuation (statutory, GAAP), ALM/cash flow testing, M&A due diligence, and capital assessment. Requires FSA designation, 7+ years of actuarial experience, and proficiency with MG-ALFA, Integrate, Excel/VBA/SAS. Role is based in Milliman's Chicago office with weekly in-person attendance expected.
JOB DESCRIPTION SUMMARY
- Consulting actuary in Life Practice focused on individual life and annuities
- Perform valuation, ALM cash flow testing, experience studies, and capital analysis
- Support M&A due diligence and implement MG-ALFA/Integrate modelling solutions
- Senior role requiring FSA and 7+ years of actuarial experience
- Chicago-based role with weekly in-person attendance; flexible arrangements considered
DOMAIN EXPERTISE
- individual life and annuity product modeling
- MG-ALFA and Integrate platform experience
- asset adequacy and cash flow testing
- GAAP and US statutory valuation models
- RBC and economic capital assessment
KEY REQUIREMENTS
- FSA designation (Society of Actuaries) required
- Minimum 7 years of full-time actuarial experience
- Undergraduate degree in actuarial science or quantitative field required
- Experience with MG-ALFA and Integrate platform solutions
- Proficiency in Excel, VBA, and SAS
TECH STACK
- Excel
- PowerPoint
