Actuarial Analyst (Life & Annuity) Remote

Description

Position Summary

The Actuarial Analyst will support client project work by producing high-quality actuarial analyses and financial modeling deliverables under the direction of a Principal, Consulting Actuary, or Consultant. This role is designed for experienced analysts (4-6 years of relevant experience) who are near attainment of the Associate of the Society of Actuaries (ASA) designation and intend to pursue Fellowship of the Society of Actuaries (FSA) credentials.

The Team

We are a global actuarial consulting practice working with clients across North America, South America, Asia, and other international markets. Our work spans a broad range of actuarial and financial topics, including:
• Financial planning and forecasting
• Mergers and acquisitions
• Embedded value and economic capital
• Risk management and stochastic modeling
• Asset-liability management (ALM)
• Principles-based valuation
• Product pricing
• Statutory, GAAP, and international valuation

This role offers variety, technical challenge, international exposure, and strong opportunities for professional growth and advancement.

Location

This role is based out of the Milliman office in Seattle, WA, but candidates hired

into

this role may work remotely anywhere in the US

Key Responsibilities
• Perform actuarial analyses and modeling to support client engagements, including asset modeling, cash flow testing, financial projections, and reporting.
• Build, enhance, and maintain actuarial and financial models used for valuation, forecasting, pricing, and risk management.
• Produce clear, well-documented, and accurate work products that meet internal quality standards and client expectations.
• Assist with statutory, GAAP, and international reporting requirements, including Bermuda-specific reporting where applicable.
• Communicate analytical results and methodology to project team members and, as appropriate, participate in client meetings or calls under supervision.
• Work with senior actuaries to support business development activities, including research, model development, and proposal support.
• Balance multiple projects and deadlines in a fast-paced consulting environment.
• Occasional domestic and international travel for client work or business development activities.

Required Qualifications
• Bachelor's degree in actuarial science, mathematics, statistics, economics, or a related quantitative field.
• 4-6 years of relevant actuarial experience.
• Progress toward ASA designation; intent to pursue FSA.
• Hands-on experience with:
• Cash flow testing (including AG55)
• Asset modeling
• Bermuda reporting
• Life and annuity insurance products
• Actuarial pricing and projection systems, particularly MG-ALFA or similar software.
• Strong technical and analytical skills with the ability to produce accurate, well-documented work.

Technical Skills
• Advanced proficiency in Microsoft Excel.
• Experience of one or more of the following: Access, SAS, SQL, Python, R, and/or Excel VBA.
• Experience with Integrate / MG-ALFA or similar actuarial systems (required).
• Experience with Tableau and/or Power BI (preferred).

Preferred Qualifications
• Experience with international or Bermuda regulatory reporting.
• Experience supporting complex financial models in a consulting environment.
• Prior exposure to stochastic modeling, ALM, or valuation frameworks.

Professional Competencies
• Team Player: Collaborates effectively with colleagues across project teams.
• Detail-Oriented: Demonstrates strong attention to accuracy, documentation, and quality control.
• Enthusiastic Learner: Shows curiosity and engagement in solving complex problems.
• Growth-Minded: Motivated by opportunities to take on increasing responsibility and advance professionally.
• Communication Skills: Strong written and verbal communication skills, with the ability to clearly explain technical concepts.

Travel Requirement
• Willingness to travel occasionally, including domestic and international travel, as business needs arise.

The overall range for this role is $75,800 - $152,605.

For candidates residing in:
• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia the range is $87,170 - $152,605.
• All other locations the range is $75,800 - $132,700.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

Benefits Full-time employees working 30 or more hours per week - US

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, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays - A minimum of 10 paid 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.
• 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, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays - A minimum of 10 paid 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.

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics, and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman's commitments to our people, inclusion, and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

#LI-REMOTE

Qualifications

Behaviors

Team Player - Works well as a member of a groupEnthusiastic - Shows intense and eager enjoyment and interestDetail Oriented - Capable of carrying out a given task with all details necessary to get the task done well

Motivations

Growth Opportunities - Inspired to perform well by the chance to take on more

... For full info follow application link.

Milliman is an equal opportunity employerOur company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law.Reasonable Accommodation NoticeFederal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

Remote

Skills:
Actuarial Skills, Affirmative Action, Analysis Skills, Annuities, Asset Management, Business Development, Business Transformation, Career Development, Cash Flow, Cisco ASA (Adaptive Security Appliance), Communication Skills, Consulting, Customer Support/Service, Data Analysis, Economics, Embedded Systems, Employee Benefits, Equal Employment Opportunity (EEO), Fellowship, Financial Analysis, Financial Liability, Financial Modeling, Financial Planning, Financial Projections, Financial Reporting, Financial Services, Flexible Spending Accounts, Forecasting, Funding, Generally Accepted Accounting Principles (GAAP), Healthcare, Human Resources, International News, Leadership, Life Insurance, Mathematics, Mentoring, Mergers and Acquisitions, Microsoft Access Database, Microsoft Excel, Microsoft Visual Basic for Applications (VBA), Multitasking, Power Amplifier, Power BI, Presentation/Verbal Skills, Pricing, Problem Solving Skills, Product Pricing, Property and Casualty Insurance, Python Programming/Scripting Language, Quality Metrics, R Programming Language, Regulatory Compliance, Regulatory Reports, Resource Utilization, Risk Management, SQL (Structured Query Language), Statistics, Stochastic Analysis, Sustainability, Tableau, Team Player, Time Management, Willing to Travel, Writing Skills

About the Company:
Milliman, Inc