
Actuarial Analyst – Life & Annuity
Milliman
full-time
Posted on:
Location Type: Remote
Location: Washington • United States
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Salary
💰 $75,800 - $152,605 per year
About the role
- Perform actuarial analyses and modeling to support client engagements, including asset modeling, cash flow testing, financial projections, and reporting.
- Build, enhance, and maintain actuarial and financial models used for valuation, forecasting, pricing, and risk management.
- Produce clear, well-documented, and accurate work products that meet internal quality standards and client expectations.
- Assist with statutory, GAAP, and international reporting requirements, including Bermuda-specific reporting where applicable.
- Communicate analytical results and methodology to project team members and, as appropriate, participate in client meetings or calls under supervision.
- Work with senior actuaries to support business development activities, including research, model development, and proposal support.
- Balance multiple projects and deadlines in a fast-paced consulting environment.
- Occasional domestic and international travel for client work or business development activities.
Requirements
- Bachelor’s degree in actuarial science, mathematics, statistics, economics, or a related quantitative field.
- 4–6 years of relevant actuarial experience.
- Progress toward ASA designation; intent to pursue FSA.
- Hands-on experience with: Cash flow testing (including AG55), Asset modeling, Bermuda reporting, Life and annuity insurance products, Actuarial pricing and projection systems, particularly MG-ALFA® or similar software.
- Strong technical and analytical skills with the ability to produce accurate, well-documented work.
- Advanced proficiency in Microsoft Excel.
- Experience of one or more of the following: Access, SAS, SQL, Python, R, and/or Excel VBA.
- Experience with Integrate / MG-ALFA® or similar actuarial systems (required).
- Experience with Tableau and/or Power BI (preferred).
Benefits
- Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
- Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
- 401(k) Plan – Includes a company matching program and profit-sharing contributions.
- Discretionary Bonus Program – Recognizing employee contributions.
- Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
- Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
- Holidays – A minimum of 10 paid holidays per year.
- Family Building Benefits – Includes adoption and fertility assistance.
- Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria.
- Life Insurance & AD&D – 100% of premiums covered by Milliman.
- Short-Term and Long-Term Disability – Fully paid by Milliman.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
actuarial analysismodelingcash flow testingfinancial projectionsvaluationforecastingrisk managementactuarial pricingstatutory reportingGAAP
Soft Skills
communicationanalytical skillsattention to detailtime managementteam collaboration
Certifications
Bachelor’s degreeASA designationFSA intent