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.