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Role Summary

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HIGHLIGHTS

Actuarial-focused ALM and hedging associate in Milliman's Capital Markets Group in Chicago. You will design and execute hedging strategies, perform asset-liability modelling, build valuation and scenario-testing models, and support regulatory capital analysis for insurance and reinsurance clients. Requires 2–5 years' related experience and programming skills (C# or Python).

JOB DESCRIPTION SUMMARY

  • Design and execute hedging strategies across rates, equity, FX, and credit
  • Perform asset-liability modelling and scenario testing for insurers/reinsurers
  • Build valuation, risk measurement, and P&L attribution models
  • Work in-person in Milliman's Chicago office with flexible arrangements
  • Ideal for candidates with 2–5 years in actuarial, trading, or risk roles

DOMAIN EXPERTISE

  • actuarial, trading or capital markets experience
  • knowledge of derivatives (swaps, futures, options)
  • asset-liability modelling and hedging experience

KEY REQUIREMENTS

  • Bachelor's degree in a quantitative field (required)
  • 2–5 years' experience in actuarial, trading/capital markets, or risk
  • Knowledge of derivatives (swaps, futures, options) for ALM/hedging
  • Programming skills in C# or Python

TECH STACK

  • Other_BI_Tool
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Role Summary

Loading...

HIGHLIGHTS

Actuarial-focused ALM and hedging associate in Milliman's Capital Markets Group in Chicago. You will design and execute hedging strategies, perform asset-liability modelling, build valuation and scenario-testing models, and support regulatory capital analysis for insurance and reinsurance clients. Requires 2–5 years' related experience and programming skills (C# or Python).

JOB DESCRIPTION SUMMARY

  • Design and execute hedging strategies across rates, equity, FX, and credit
  • Perform asset-liability modelling and scenario testing for insurers/reinsurers
  • Build valuation, risk measurement, and P&L attribution models
  • Work in-person in Milliman's Chicago office with flexible arrangements
  • Ideal for candidates with 2–5 years in actuarial, trading, or risk roles

DOMAIN EXPERTISE

  • actuarial, trading or capital markets experience
  • knowledge of derivatives (swaps, futures, options)
  • asset-liability modelling and hedging experience

KEY REQUIREMENTS

  • Bachelor's degree in a quantitative field (required)
  • 2–5 years' experience in actuarial, trading/capital markets, or risk
  • Knowledge of derivatives (swaps, futures, options) for ALM/hedging
  • Programming skills in C# or Python

TECH STACK

  • Other_BI_Tool

Job Overview

Salary
$85k - $141k
Years of Experience
2+ Years
Work Type
Permanent
Full Time

Ideal Candidate Profile

An Associate-level quantitative professional with 2–5 years in actuarial, capital markets, or risk roles, near-ASA or ASA-preferred, who is strong in ALM/hedging and comfortable coding in Python or C#.

Benefits

Health InsuranceDental InsuranceVision Insurance401(k) PlanAnnual BonusHSA/FSA AvailableGenerous VacationPaid Parental LeaveLife InsuranceShort/Long Term Disability
Shortlist Forming
Closing Soon
35d
35 days ago

Strategy: Speed over Perfection

By Day 21, visibility drops significantly. Recruiters are focusing on existing candidates.

"Don't wait for a cover letter. The requisition could close tomorrow. Apply now."

Job Overview

Salary
$85k - $141k
Years of Experience
2+ Years
Work Type
Permanent
Full Time

Ideal Candidate Profile

An Associate-level quantitative professional with 2–5 years in actuarial, capital markets, or risk roles, near-ASA or ASA-preferred, who is strong in ALM/hedging and comfortable coding in Python or C#.

Benefits

Health InsuranceDental InsuranceVision Insurance401(k) PlanAnnual BonusHSA/FSA AvailableGenerous VacationPaid Parental LeaveLife InsuranceShort/Long Term Disability
Shortlist Forming
Closing Soon
35d
35 days ago

Strategy: Speed over Perfection

By Day 21, visibility drops significantly. Recruiters are focusing on existing candidates.

"Don't wait for a cover letter. The requisition could close tomorrow. Apply now."

Consultancy/IC Level
Milliman

Hedging & ALM Associate

Milliman•Chicago, United States•1mo ago
HybridNot SpecifiedAsset-Liability ManagementCapital Modelling & Economic CapitalRegulatory Reporting

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