Consulting Actuary
Wakefield, MA 
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Job Description
Description

The Boston Life practice of Milliman, Inc. is looking for motivated and qualified applicants with a recent Fellow designation from the Society of Actuaries (FSA) to join our team as a Consulting Actuary. This newly created position will focus on financial reporting, reinsurance and strategic opportunities related to offshore markets such as Bermuda and the Cayman Islands. This position will involve leading a variety of assignments and will provide excellent opportunities for professional development and advancement.

The ideal candidate is a motivated self-starter, who possesses a deep understanding of US financial reporting for life insurance and annuity products. Superior problem-solving skills, strong communication and organizational skills are also key for success.

The Boston Life practice is a small but growing group of actuaries with life and annuity expertise including financial reporting and other regulatory reviews, financial modeling, capital management and mergers & acquisitions support. Our office is located in Wakefield, Massachusetts, which is accessible by car. Note, the job location is currently remote, but expectation is that employee would be available to work in the Wakefield, Massachusetts office.

RESPONSIBILITIES

The candidate will be involved in the following types of projects:

  • Financial reporting, such as valuation and appointed actuary support, methodology reviews, supporting clients both domestically and internationally.
  • Financial modeling to support clients with technical needs. Work may involve leading the construction of appraisal models, analyzing and communicating results to clients.
  • Regulatory reviews, such as reserve and capital requirements, assumptions and calculations.
  • Manage projects, including providing direction to actuarial staff.
  • Actively support and participate in the continuing effort to develop a Bermuda "center of excellence" within Milliman by staying current with offshore regulatory developments, market and reinsurance trends.

REQUIRED QUALIFICATIONS

EDUCATIONAL

  • Bachelor's degree in actuarial science, mathematics or other relevant field
  • FSA designation

EXPERIENCE / SKILLSET

  • Extensive knowledge of US Statutory and GAAP accounting (5+ years of experience in financial reporting).
  • Innovative, creative problem solver who uses critical thinking skills to solve business problems and map solutions.
  • Technical skills such as Excel / VBA macros, actuarial software experience a plus.
  • Strong written and verbal communication skills.
  • Ability to work effectively in a fast-paced environment with shifting priorities, deadlines, and workloads.
  • Ability to work independently and cooperatively with staff (including other Milliman offices), clients and other third parties.
  • Willingness and ability to travel (both domestic and international) occasionally.

COMPENSATION

We offer competitive pay. The base salary for the position will vary with the candidate's qualifications and experience. In addition, we offer a significant performance-based bonus plan, profit sharing and generous employee benefits.



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)

Milliman is an equal opportunity employer

Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law.

Reasonable Accommodation Notice

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
5+ years
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