Consulting Actuary – Life Practice (Experienced FSA)
$119,025–$214,820 year
Hybrid · Chicago, Illinois, United States
Job Summary
Actuary role focusing on pricing, modeling and valuation assignments in life insurance, including actuarial appraisals, experience studies, asset adequacy analysis, cash flow testing, and due diligence for mergers and acquisitions. Involves development of valuation models and production processes for US statutory and GAAP reporting, risk and capital assessment (RBC/economical capital), and implementation of Milliman’s MG-ALFA and Integrate platforms. Requires strong quantitative background, proficiency in Excel, VBA and SAS, and experience with MG-ALFA and Integrate; must be able to work independently and in a team, with clear written and verbal communication. Location is in-office in Chicago, IL with flexible/hybrid arrangements considered; application deadline noted as July 3, 2026. Salary range: $119,025 - $214,820 depending on experience and qualifications.
Required Qualifications
- Undergraduate degree in Actuarial Science or a similar mathematical or quantitative program of study
- Attainment of the FSA designation with the Society of Actuaries (SOA)
- Minimum of 7 years of full-time work experience in an actuarial role
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