Associate Actuary

Description

Job description

The NY/NJ Life office of Milliman provides consulting services to a broad array of clients in the life insurance and financial services industries. We are looking for a self-motivated actuarial student to work closely with consulting actuaries on a variety of projects, such as due diligence, actuarial modeling in MG-ALFA, and analysis of life insurance blocks. This position provides excellent opportunities for professional development and on-the-job learning. Note – job location is currently remote, but expectation is that employee would be available to work in midtown NYC office or in northern NJ office.

Job responsibilities

• Develop actuarial projections for an insurance block in MG-ALFA
• Review, organize and analyze data
• Assist in developing deal models in Microsoft Excel for M&A assignments
• Perform static and dynamic model validations
• Assist in preparation of written actuarial reports and opinions
• Assist with research projects
• Work independently to complete tasks

Required

• 1 to 4 years of experience in financial services, including internships / co-ops
• Bachelor’s degree
• Demonstrated experience/interest in programming or data science, included advanced experience with Microsoft Excel and experience with Microsoft Access / AQL, VBA or other database languages such as Python, SAS or R
• At least 2 actuarial exams passed, and plans to continue on FSA path
• Desire and ability to interact and communicate effectively (written and oral) with colleagues and clients.
• Desire and ability to adapt to a variable workload, which will from time to time involve working late nights and weekends to meet client demands.
• Ability to analyze and apply creative problem solving both independently and within a team

Preferred but not required

• Familiarity with life/health/annuity products, especially variable annuities, indexed annuities, or indexed universal life.
• Experience developing or maintaining actuarial models, especially in MG-ALFA or other actuarial modeling platform
• Experience working at life/health/annuity insurer, actuarial consulting practice, or investment firm or investment bank servicing the life insurance industry
• Familiarity with fixed income assets, equity derivatives, and interest rate derivatives.
• Familiarity with statutory and US GAAP reporting

Qualifications

Education

Required

Experience

Required

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)