Associate Actuary (ASA Required) Job at Milliman, Chicago, IL

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  • Milliman
  • Chicago, IL

Job Description

Join to apply for the Associate Actuary (ASA Required) role at Milliman . Description The Chicago office of Milliman Inc. is seeking qualified candidates to join their Financial Risk Management (FRM) practice. Milliman’s innovative approach to risk management is based on actuarial expertise and industry-leading thinking. We provide solutions for capital efficiency, regulatory compliance, and market volatility management, employing a multidisciplinary team of actuaries, financial engineers, and software developers. Our team advises major insurance companies on hedging, portfolio risk, and capital requirements. We value personal responsibility, creativity, flexibility, and a collaborative culture focused on high-quality work and innovation. The Department/Team We are a team of over 60 actuaries specializing in equity-based insurance guarantees, providing advanced analytics for strategic and risk management decisions. Your Role/What You’ll Do: Design and implement dynamic hedging programs for equity guarantee risk management. Perform financial reporting for Variable Annuities, including GAAP and Statutory valuation. Conduct due diligence for mergers and acquisitions, reviewing assumptions, risks, and operations of annuity businesses. Build stochastic models for risk-based capital analysis. Evaluate exotic derivatives for risk reduction. Price and develop new financial products. Collaborate with non-actuarial teams to enhance models and automation platforms. Communicate with clients to understand needs and present work. Develop innovative solutions and seek business growth opportunities. Required Qualifications: Undergraduate degree in Actuarial Science or similar. ASA designation and actively pursuing FSA. Minimum of two years of actuarial experience (excluding internships). Desired Skills: Experience with actuarial modeling in life insurance, risk management, or investments. Understanding of capital markets and finance concepts. Proficiency in Excel and VBA; knowledge of SQL, C++, C# is a plus. Experience with actuarial software is advantageous. Strong analytical, problem-solving, and project management skills. Self-motivated with curiosity and a results-oriented mindset. Excellent communication and decision-making skills. Ability to work in a fast-paced environment. Value collaboration. Location & Application Deadline Position based in Chicago, IL. Application deadline: July 31, 2025. Flexible in-office work arrangements available. Compensation & Benefits Salary range: $101,420 - $172,480, based on experience and qualifications. Comprehensive benefits including health coverage, 401(k), bonuses, FSA, paid time off, holidays, family benefits, parental leave, life insurance, and disability coverage. Equal Opportunity Milliman is an equal opportunity employer, considering all qualified applicants without discrimination. #J-18808-Ljbffr Milliman

Job Tags

Work at office, Flexible hours,

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