Actuary

Milliman, Inc
life insurance, parental leave, paid time off, 401(k)
United States, Illinois, Chicago
71 South Wacker Drive (Show on map)
Mar 03, 2025
Description Actuary, Chicago, IL: Analyze statistical data, such as mortality, accident, sickness, disability & retirement rates & construct probability tables to forecast risk & liability for payment of future benefits. Develop variable annuity (VA) products through actuarial modeling & develop hedging strategies to hedge market risk for VA products. Conduct mathematical & statistical analysis for risk mgmt. for insurance companies. GAAP valuation for life insurance estimations. Support development of valuation models for US statutory & GAAP LDTI reporting using Integrate & MG-ALFA. Require: Master's Degree in Actuarial Science, or Finance, or Mathematics/Applied Mathematics with concentration in Actuarial Science, or equivalent. Permanent US work auth. reqd. Contact: Milliman, Inc., 71 S. Wacker Dr., 31st Fl., Chicago, IL 60606, or ChicagoHR@milliman.com. 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. Salary range: $118,140-$200,860/Year. Professional Qualifications Required: FSA required Minimum of 0 years of actuarial experience 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. Employees working less than full-time accrue PTO on a prorated basis. Holidays - A minimum of 10 observed 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. This position is based out of the Milliman office in Chicago, IL. Candidates hired into this role must be willing to work onsite full-time. The expected application deadline for this job is March 13th, 2025. Qualifications Education Masters of Mathematics (preferred) Masters of Finance (preferred) Masters of Actuarial Science (preferred) 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)