New York NY

London

Kansas City MO

Toronto

Chicago IL

Fort Wayne IN

Armonk NY

Zurich

Miami FL

Alpharetta GA

Intern

Graduate

Part Qualified

Qualified

Senior Actuary

Life

Investments

Health

Reserving

Reporting

Reinsurance

Risk

Python

Modelling

Prophet

Coding

Bulk Annuities

Motor

Pricing

MoSes

Valuation

Capital

Consulting

Excel

MG-ALFA

MATLAB

AXIS

Microsoft Azure

Company DescriptionLegal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836 and strive to build a better society while improving the lives of our customers and creating value for shareholders.We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions. We are an international player in pension risk transfer, UK and US life insurance, and UK workplace pensions and retirement income.L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market since 1987, we are the UK’s longest-running insurer. Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes and reinsurance solutions from our global hub in Bermuda.We work with companies, DB pension schemes, and their advisors to help them secure and protect scheme members’ retirement benefits. Joining us means you’ll support customers’ financial security in retirement, help companies settle their pension liabilities, and enable investment for the long term to back our pension promises.Job DescriptionWe are seeking a talented and motivated Process Improvement Actuary to join our Pension Risk Transfer (PRT) division. As a Process Improvement Actuary, you will play a pivotal role in enhancing the efficiency of our technical tools and processes to ensure that we continue to deliver an exceptional service to our clients.If you are passionate about computational efficiency and want to be part of a team that values innovation, collaboration, and continuous improvement, we would love to hear from you. This is a hybrid working opportunity, allowing you to split your time between working from home and our London Office, to find a work-life balance that works for you.Please note that while this role has been advertised as Full Time, we are open to and supportive of more flexible working patterns if required.What you'll be doing:<ul><li>Identifying and improving current processes for computational efficiency and mathematical accuracy.</li><li>Mapping existing processes and recommending process improvements or viable alternatives as appropriate.</li><li>Collaborating with the development team to refine and implement any process improvements.</li><li>Supporting end users of these processes/tools, including communication and training as well as any additional support as required.</li><li>Maintaining and developing test and regression packs to ensure robust tool releases.</li><li>Working closely with the Platform and Processes team to ensure consistency with strategic technologies.</li><li>Assisting with ad-hoc exercises to meet various risk framework requirements.</li><li>Supporting the PRT Pricing and Client Services Teams in testing pricing developments and completing regular tasks as required.</li></ul>QualificationsWho we're looking for:<ul><li>Qualified Pensions Actuary with experience of Pension Risk Transfer/Defined Benefit Pension Schemes.</li><li>Excellent communication skills (both verbal and written) and the ability to work in an agile team.</li><li>Good programming/coding experience (e.g., C#, C++, Python, R).</li><li>Familiarity with cloud services (e.g., Azure) and databases (e.g., SQL) is preferred but not required.</li><li>Strong analytical and problem-solving skills, with the ability to think of innovative solutions to problems.</li><li>Flexibility and adaptability to change.</li><li>Strong knowledge of financial models, and ideally insurance/pension pricing.</li><li>Proficiency in business test capability and user story definition.</li></ul>BenefitsWhatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:<ul><li>The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.</li><li>Generous pension contribution.</li><li>Life assurance.</li><li>Healthcare Plan.</li><li>At least 27 days holiday, plus public holidays, with the option to buy and sell holiday.</li><li>Competitive family leave.</li><li>Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax-efficient salary sacrifice (permanent employees only).</li><li>Discounts for our own products and at a range of high street stores and online.</li><li>Redesigned workspaces that promote connection and collaboration with wellbeing at the heart.</li></ul>Additional InformationAt L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences.Guided by leaders with integrity who care about your future and wellbeing, you will be empowered through initiatives that support people to develop their careers and excel.We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time, and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential, and connection to our purpose.

Are you keen to be part of the team to support the portfolio growth of the Financial Solutions Ambition announced as part of the L&amp;H Ambition Reset? Are you savvy with financial reinsurance and capital solutions, and excited about optimizing performance under the updated regulatory frameworks for VA/GMxB and related product lines?About the Job<ul><li>Manage the in-force performance of VA/GMxB, Financial Market Transformation (FMT), and Remote Risk Transactions (RRT) portfolios.</li><li>Develop, enhance and maintain stochastic models for valuation and pricing of VA and GMxB riders under economic, International Financial Reporting Standards (IFRS), and US Statutory frameworks.</li><li>Use scripting languages for regular production, performance optimization, management reporting, etc.</li><li>Analyze biometric experience and propose assumption updates for review and approval by Risk Management.</li><li>Present material for Quarterly Monitoring committees on transaction level experience.</li><li>Perform regular and ad-hoc investigations into existing processes and data such as policy data, Profit &amp; Loss attribution, reserving and capital calculations.</li><li>Collaborate and consult with other groups in L&amp;H and across the wider Swiss Re Group with a view to continually improve our ability to manage the financial and biometric exposures of the portfolio.</li><li>Support on-boarding of new transactions and new products, leading internal coordination across functions in L&amp;H to ensure the smooth transition of models and processes into production.</li><li>Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management and hedging purposes.</li></ul>About the TeamMajor relationships include:<ul><li>L&amp;H FMI Pricing &amp; Structuring</li><li>L&amp;H Structured Solutions</li><li>Risk Management – Financial Risk Management, Valuations</li><li>Finance</li><li>Treasury</li><li>Asset Management</li></ul>About You<ul><li>Mathematical / Computer Science / Financial modelling / Actuarial Sciences / Finance academic background.</li><li>Understanding or interest in life insurance business concepts with 5+ years of experience.</li><li>Experience with scripting and analytical languages such as Python, R, C++, C, Moses, Prophet, AXIS.</li><li>Quantitative technical abilities with practical experience using a range of tools to perform data analytics.</li><li>Curious mind interested in investigating the underlying drivers and patterns.</li><li>Working level financial markets knowledge, collaboration with Treasury.</li><li>Performance minded – drive to grow new business, KPI focused.</li></ul>For Switzerland, the base salary range for this position is between CHF 128,000 and CHF 192,000 for a full-time role. The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, as well as the applicant's profile including education, qualifications, expertise, specialization, skills and experience.In the situation where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance-based bonus.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law.Keywords:actuarial, quantitative analyst, financial markets, portfolios, L&amp;H ReinsuranceReference Code:134510

Are you keen to be part of the team to support the portfolio growth of the Financial Solutions Ambition announced as part of the L&amp;H Ambition Reset? Are you savvy with financial reinsurance and capital solutions, and excited about optimizing performance under the updated regulatory frameworks for VA/GMxB and related product lines?About the Job<ul><li>Manage the in-force performance of VA/GMxB, Financial Market Transformation (FMT), and Remote Risk Transactions (RRT) portfolios.</li><li>Develop, enhance and maintain stochastic models for valuation and pricing of VA and GMxB riders under economic, International Financial Reporting Standards (IFRS), and US Statutory frameworks. Use scripting languages for regular production, performance optimization, management reporting, etc.</li><li>Analyze biometric experience and propose assumption updates for review and approval by Risk Management.</li><li>Present material for Quarterly Monitoring committees on transaction level experience.</li><li>Perform regular and ad-hoc investigations into existing processes and data (such as policy data, Profit &amp; Loss attribution, reserving and capital calculations, etc.).</li><li>Collaborate and consult with other groups in L&amp;H and across the wider Swiss Re Group (LHSS, Client Markets, Finance, Risk, etc.) to continually improve our ability to manage the financial and biometric exposures of the portfolio.</li><li>Support onboarding of new transactions (e.g. Captive and Capital Relief) and new products (e.g. FIA, RILA), leading internal coordination across functions in L&amp;H to ensure the smooth transition of models and processes into production.</li><li>Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management, and hedging purposes.</li></ul>About the TeamMajor relationships include:<ul><li>L&amp;H FMI Pricing &amp; Structuring.</li><li>L&amp;H Structured Solutions.</li><li>Risk Management – Financial Risk Management, Valuations.</li><li>Finance.</li><li>Treasury.</li><li>Asset Management.</li></ul>About You<ul><li>Mathematical / Computer Science / Financial modelling / Actuarial Sciences / Finance academic background.</li><li>Extensive understanding of life insurance business concepts.</li><li>Experience with scripting and analytical languages e.g. Python, R, C++, C, Moses, Prophet, AXIS.</li><li>Quantitative technical abilities with practical experience using a range of tools to perform data analytics.</li><li>Curious mind interested in investigating the underlying drivers and patterns.</li><li>Working level financial markets knowledge, collaboration with Treasury, etc.</li><li>Performance minded – drive to grow new business, KPI focused.</li></ul>About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.In our inclusive and flexible environment, everyone can bring their authentic selves to work and their passion for sustainability.Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.Keywords: actuarial, quantitative analyst, financial markets, portfolios, L&amp;H Reinsurance

Are you keen to be part of the team to support the portfolio growth of the Financial Solutions Ambition announced as part of the L&amp;H Ambition Reset? Are you savvy with financial reinsurance and capital solutions, and excited about optimizing performance under the updated regulatory frameworks for VA/GMxB and related product lines?About the Job<ul><li>Manage the in-force performance of VA/GMxB, Financial Market Transformation (FMT), and Remote Risk Transactions (RRT) portfolios.</li><li>Develop, enhance and maintain stochastic models for valuation and pricing of VA and GMxB riders under economic, International Financial Reporting Standards (IFRS), and US Statutory frameworks. Use scripting languages for regular production, performance optimization, management reporting, etc.</li><li>Analyze biometric experience and propose assumption updates for review and approval by Risk Management.</li><li>Present material for Quarterly Monitoring committees on transaction level experience.</li><li>Perform regular and ad-hoc investigations into existing processes and data (such as policy data, Profit &amp; Loss attribution, reserving and capital calculations, etc.).</li><li>Collaborate and consult with other groups in L&amp;H and across the wider Swiss Re Group (LHSS, Client Markets, Finance, Risk, etc.) to continually improve our ability to manage the financial and biometric exposures of the portfolio.</li><li>Support onboarding of new transactions (e.g., Captive and Capital Relief) and new products (e.g., FIA, RILA), leading internal coordination across functions in L&amp;H to ensure the smooth transition of models and processes into production.</li><li>Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management, and hedging purposes.</li></ul>About the TeamMajor relationships include:<ul><li>L&amp;H FMI Pricing &amp; Structuring.</li><li>L&amp;H Structured Solutions.</li><li>Risk Management – Financial Risk Management, Valuations.</li><li>Finance.</li><li>Treasury.</li><li>Asset Management.</li></ul>About You<ul><li>Mathematical / Computer Science / Financial modelling / Actuarial Sciences / Finance academic background.</li><li>Understanding or interest in life insurance business concepts. 5+ years of experience.</li><li>Experience with scripting and analytical languages e.g., Python, R, C++, C, Moses, Prophet, AXIS.</li><li>Quantitative technical abilities. Practical experience using a range of tools to perform data analytics.</li><li>Curious mind interested in investigating the underlying drivers and patterns.</li><li>Working level financial markets knowledge, collaboration with Treasury, etc.</li><li>Performance minded – drive to grow new business, KPI focused.</li></ul>About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought, or other characteristics.In our inclusive and flexible environment, everyone can bring their authentic selves to work and their passion for sustainability.Swiss Re is an equal opportunity employer. It is our practice to recruit, hire, and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.During the recruitment process, reasonable accommodations for disabilities are available upon request.

Are you savvy with financial portfolios and excited about testing for and preventing potential risk and volatility factors? Put your technical skills to work in the daily tasks and ad-hoc projects related to optimizing management of VA/GMDB in-force portfolios and compliance with updated regulations and requirements.About the Job<ul><li>Management of the VA/GMDB in-force, Financial Market Transformation (FMT), &amp; Remote Risk Transactions (RRT) portfolios</li><li>Develop, enhance and maintain stochastic models for valuation and pricing of Variable Annuity (VA) riders and their financial market exposures, under both Economic Value Management (EVM) and International Financial Reporting Standards (IFRS) frameworks</li><li>Analyze biometric experience and propose assumption updates for review and approval by Risk Management</li><li>Present material for Quarterly FSG/BRC approvals on transaction level experience</li><li>Perform regular and ad-hoc investigations into existing processes and data</li><li>Collaborate and consult with other groups in L&amp;H and across the wider Swiss Re Group</li><li>Support on-boarding of new transactions</li><li>Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management and hedging purposes</li></ul>About the TeamMajor relationships include:<ul><li>L&amp;H FMI Pricing &amp; Structuring</li><li>L&amp;H Structured Solutions</li><li>Risk Management – Financial Risk Management, Valuations</li><li>Finance</li><li>Treasury</li><li>Asset Management</li></ul>About You<ul><li>Mathematical/Computer Science/Financial modelling/Actuarial Sciences/Finance academic background</li><li>Understanding or interest in life insurance business concepts; 5+ years of experience</li><li>Experience with scripting and analytical languages e.g. Python, R, C++, C, Moses, Prophet, AXIS</li><li>Quantitative technical abilities with practical experience using a range of tools to perform data analytics</li><li>Curious mind interested in investigating the underlying drivers and patterns</li><li>Working level financial markets knowledge</li><li>Performance minded – drive to grow new business, KPI focused</li></ul>The estimated base salary range for this position is $139,000 to $244,000. The specific salary offered for this role will take into account a number of factors including job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law.Keywords: actuarial, quantitative analyst, financial markets, portfolios, L&amp;H ReinsuranceReference Code: 134250

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience. We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion.Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal's valuation, merits and weaknesses. In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plans.Financial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; Acquisitions<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk Management<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.Benefits (US only)<ul><li>When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Interns, Temporary, and Seasonal Employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked.</li></ul>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. 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)

Actuarial Intern – Student OpportunityThe Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience. We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion.Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses. In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.Benefits (US only)<ul><li>When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Interns, Temporary, and Seasonal Employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked.</li></ul>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.Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe 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)

Actuarial Intern – Student OpportunityThe Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience. We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion. Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses. In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.Benefits (US only)<ul><li>When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Interns, Temporary, and Seasonal Employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked.</li></ul>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.Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe 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)

Actuarial Intern – Student OpportunityThe Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience. We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion. Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses. In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.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.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience. We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion.Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses. In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.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.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group.The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience. We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion.Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses. In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.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.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group.The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.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.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group.The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience.We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion. Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses.In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry.We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Skills &amp; AttributesRequired:<ul><li>Graduate of a program in Actuarial Science or another degree similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least three Society of Actuaries (SOA) exams and actively pursuing the FSA, FRM or CFA designation</li><li>Minimum of one prior Actuarial internship</li></ul>Desired:<ul><li>Actuarial internship experience which is preferably technical in nature where you could both learn and use your technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Milliman Benefits:At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual. We offer a competitive benefits package which includes:<ul><li>Medical, dental and vision coverage for employees and their families, including eligible domestic partners.</li><li>A 401(k) plan with matching program.</li><li>Paid Parental Leave up to 12 weeks (after one year of service).</li><li>Adoption Assistance.</li><li>Profit sharing as an annual discretionary contribution to employees’ retirement accounts.</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason.</li><li>Milliman pays 100% of the premiums for life insurance, AD&amp;D, and both short term and long term disability coverage.</li><li>Voluntary benefits such as additional life or accidental death and dismemberment coverage for yourself or dependents.</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation and applicable medical needs.</li><li>HMO and PPO Medical Insurance options, Dental, Vision, Commuter benefit, Dependent Care Flexible Spending Account and a Health Care Flexible Spending Account.</li><li>Employee Assistance Program (EAP) benefits to support mental health as much as physical health.</li></ul>Visa SponsorshipThe Financial Risk Management Practice will, on a case-by-case basis, consider qualified candidates who require sponsorship now, or in the future, for the purpose of obtaining or maintaining work authorizing status for this position (examples are H-1B, O-1, TN). This consideration is based on the business need for the individual candidate’s experience, knowledge, and skills.Equal OpportunitiesAll 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.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group.The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience.We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion. Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses.In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry.We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>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.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term.The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Mergers &amp; AcquisitionsMilliman is the industry leader in merger and acquisitions; we have been either on the seller or buyer side of all major transactions for the last 20 years. When it comes to sorting through the complexities of insurance industry mergers and acquisitions, Milliman offers unparalleled experience.We have been involved in all successful life M&amp;A transactions in the past five years, representing value in excess of $100 billion. Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets. Because we never serve as a broker, we are a trusted source of independent analysis on a proposed deal’s valuation, merits and weaknesses.In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plansFinancial Risk ManagementWe have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry.We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.Job ResponsibilitiesMergers &amp; AcquisitionsThe Mergers and Acquisitions role would potentially be involved in the following type of projects:<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk ManagementThe Financial Risk Management role would potentially be involved in the following types of projects:<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.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.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.Start date: September 2023Job ResponsibilitiesMergers &amp; Acquisitions<ul><li>Merger and acquisition projects, covering a range of valuation metrics and functions including pricing, modeling, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of the business.</li><li>Evaluating the appropriateness of modifying product features in reducing a company's risk exposure</li><li>Other projects including development of new products for financial services companies, risk-based capital impact analysis and developing economic capital models under various frameworks</li></ul>Financial Risk Management<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; Attributes<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>About MillimanMilliman is among the world's largest providers of actuarial and related products and services. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. We are owned and managed by our principals—senior consultants whose selection is based on their technical, professional and business achievements.Milliman is the preeminent Life and Financial Services practice in the United States, and we are rapidly establishing our presence in the global market. With more than 60 years of actuarial experience, Milliman’s Life and Financial Services practice is well positioned to help clients analyze, understand, and mitigate risk in an era of regulatory change financial uncertainty.

The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Life and Financial Services practice for an internship/co-op work term. The candidate will be assigned to work in either the Mergers and Acquisitions or the Financial Risk Management group. The two groups work closely together on mergers and acquisitions projects and other assignments such as risk-based capital impact analysis.We have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions.About MillimanMilliman is among the world's largest providers of actuarial and related products and services. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. We are owned and managed by our principals—senior consultants whose selection is based on their technical, professional and business achievements. Milliman is the preeminent Life and Financial Services practice in the United States, and we are rapidly establishing our presence in the global market.With more than 60 years of actuarial experience, Milliman’s Life and Financial Services practice is well positioned to help clients analyze, understand, and mitigate risk in an era of regulatory change financial uncertainty.Job Responsibilities<ul><li>Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives</li><li>Pricing and developing new products for financial services companies</li><li>Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Merger and acquisitions due diligence including review of assumptions, risks and operations of Variable Annuities and/or Fixed Indexed Annuities business</li><li>Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure</li><li>Determining the impact of various risk management programs with respect to M&amp;A transactions</li></ul>Skills &amp; AttributesRequired:<ul><li>Currently enrolled in a Bachelors or Masters level academic program in Actuarial Science or another program of study similarly focused on mathematics, quantitative analysis and/or programming</li><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM, or CFA designation</li></ul>Desired:<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Strong quantitative background with actuarial modeling experience in life insurance, risk management or investments</li><li>Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)</li><li>Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus</li><li>Experience with MG-ALFA or other actuarial valuation software would be an asset</li><li>Ability to analyze and apply creative problem solving both independently and within a team</li><li>Excellent project management skills, including communication and time management skills</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic</li></ul>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.

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers. The role holder will lead the development and maintenance of models and system that Canada Life use to calculate regulatory capital for complex assets (public and private credit, commercial mortgages, equity release mortgages, etc).  
Such models and system will also be used to support high quality business decision making such as the choice of asset strategy and risk mitigation techniques. This ensures we are managing risk to the business in line with Canada Life’s risk appetite, complying with our statutory responsibilities and meeting the needs of our policyholders and regulators.  
  1) Maintain and develop Canada Life’s suite of models for complex assets in line with model governance requirements: 
o    Innovate proposals to make the models (and capital management more generally) more efficient and effective; 
o    Identify changes required to the model, and communicate them to senior management. Lead on the implementation and testing of model changes in line with Model Change Standard; 
o    Oversee validation testing required on the model; 
o    Ensure ongoing compliance with EUC requirements and PIM model governance requirements; 
Ensure model is maintained and operated within the intended control framework. 
2) Provide general technical oversight of the Canada Life PIM (“Partial Internal Model”) methodology, calibration and assumptions. This will involve: 
o    Identify and implement model change proposals; 
o    Lead on the annual model recalibration exercise for individual asset classes; 
o    Perform analysis and produce results for the 1st line validation process; 
o    Interpret the results of calibration and validation processes and communicate these to senior management and the Board. 
3) Support the Head of the Credit Risk and other relevant stakeholders with results and outputs from the PIM: 
o    Production of PIM SCR calculation, OSNA, SST &amp; other relevant outputs; 
o    Analyse and interpret results and outputs from the PIM and communicate them to the relevant senior stateholders; 
o    Coordinate the calculation of any required sensitivities; 
o    Outputs for the Profit and Loss attribution. Technical Expertise  
•    Significant experience in asset modelling in the context of life insurance industry with proven track record of developing capital models. Practical experience with Matlab / C++ is preferred, although experience with other programming language would also be considered. 
•    Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications 
•    Willing and capable of taking difficult and complex decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated. Communication 
•    Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management. 
•    Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by non-technical colleagues 
Relationship Building 
•    The ability to develop and maintain strong relationships across the actuarial function and the wider business, acting with integrity and role modelling the company values at all times.  
•    Strong interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders, Taking Initiative 
•    Exceptional problem solving skills and attention to detail with demonstrable ability in spotting issues, interdependencies and challenges to ensure work is produced to an accurate, commercial and informed standard. 
•    Self-motivated, well-organised, pragmatic and able to perform tasks independently. 
Qualifications: 
•    Fellow of Institute of Actuaries (or equivalent). 
  What you’ll like about working here As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development. Diversity and inclusion Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences

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