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20 Milliman Financial Risk Analyst Jobs Hiring Near You

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

Combined with our expertise in technology, financial modeling and analysis, this enables us to ... Risk and capital assessment, including RBC and economical capital frameworks. Implementation of ...

Milliman

Associate Actuary - ASA Required

Chicago, IL

$102K - $184K/yr

Combined with our expertise in technology, financial modeling and analysis, this enables us to ... Risk and capital assessment, including RBC and economical capital frameworks. Implementation of ...

Milliman

Actuarial Analyst

Tampa, FL · On-site

$67K - $136K/yr

... financing, risk management and regulatory compliance, data analytics, and business transformation. Milliman invests in skills training and career development and gives all employees access to a ...

Milliman

Actuarial Analyst

Tampa, FL

$67K - $136K/yr

... financing, risk management and regulatory compliance, data analytics, and business transformation. Milliman invests in skills training and career development and gives all employees access to a ...

Milliman

Associate Actuary - Seattle Health

Seattle, WA · On-site

$88K - $208K/yr

... financing, risk management and regulatory compliance, data analytics and business transformation. Milliman invests in skills training and career development, and gives all employees access to a ...

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Milliman Jobs Information

What is it like to work at Milliman?

Milliman is a professional services firm that values collaboration, innovation, and expertise, fostering a culture of mutual respect and open communication among its employees. The company's team structure is often organized around client relationships, with employees working in close-knit teams to deliver actuarial, consulting, and other services to clients across various industries. Working at Milliman may appeal to candidates who are passionate about making a meaningful impact in the fields of risk management, healthcare, and finance, and who value the opportunity to work with a global network of experienced professionals.

What makes Milliman an attractive place to work?

Milliman is a leading global actuarial consulting firm, renowned for its expertise in risk management, health, and retirement solutions. The company fosters a collaborative and innovative work environment, offering employees opportunities to work on complex projects, develop new skills, and contribute to the growth of the organization. By joining Milliman, professionals can expect to be part of a dynamic team that values expertise, creativity, and teamwork, with opportunities to make a meaningful impact in the industry and advance their careers.

Does Milliman pay people when they’re sick?

Sometimes. Only some people get paid when they’re sick.
40% of people say they wouldn’t get paid if they were sick but scheduled to work.
Based on data from 5 people who took the Breakroom Quiz between December 2024 and March 2026.

How easy is it to take sick days at Milliman?

Most people find it easy to take sick days.
80% of people report that it’s easy to take time off if they are sick.
Based on data from 5 people who took the Breakroom Quiz between December 2024 and March 2026.

Do people at Milliman get to take their breaks without interruption?

Most people have their breaks interrupted.
80% of people report that their breaks get interrupted.
Based on data from 5 people who took the Breakroom Quiz between December 2024 and March 2026.

Is it stressful to work at Milliman?

Most people feel stressed out here.
80% of people say they often feel stressed out at work.
Based on data from 5 people who took the Breakroom Quiz between December 2024 and March 2026.

Do people at Milliman recommend working with their team?

Only some people recommend working with their team.
50% of people report that they wouldn’t recommend working with their immediate team to a friend.
Based on data from 6 people who took the Breakroom Quiz between December 2024 and March 2026.

Do people get enough training when they start at Milliman?

Some people didn’t get enough training when they started.
60% of people report they didn’t get enough training when they started working here.
Based on data from 5 people who took the Breakroom Quiz between December 2024 and March 2026.

Do people get support to advance at Milliman?

Most people are given support to advance their career here.
In the last year, 80% of people report being given support to advance their career here.
Based on data from 5 people who took the Breakroom Quiz between December 2024 and March 2026.

Do workers feel well informed about how Milliman is doing?

Most people feel well informed about how the company is doing.
80% of people feel that they are kept well informed about how the company is doing as a whole.
Based on data from 5 people who took the Breakroom Quiz between December 2024 and March 2026.
What are the most popular jobs at Milliman?
What are the most popular categories at Milliman?
Infographic showing various Financial Risk Analyst job openings at Milliman in the United States as of July 2026, with employment types broken down into 100% Full Time. Highlights an 60% Physical, 1% Hybrid, and 39% Remote job distribution.

Consulting Actuary - Life Practice (Experienced FSA)

Milliman

Chicago, IL • On-site

$119K - $214K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 12 days ago

Milliman rating

8.0

Company rating: 8.0 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Job description

The Department/Team
We are a team of consultants with deep actuarial subject matter expertise in individual life and annuity insurance products. Combined with our expertise in technology, financial modeling, and analysis, this enables us to provide our clients with advanced analytics and insights required to develop a comprehensive understanding of the business and to make informed decisions.
Your Role/What You'll Do
The Consulting Actuary role is to be involved in a variety of assignments potentially including pricing, modeling, mergers and acquisitions, asset liability management, cash flow testing, statutory, tax, and GAAP valuation.
You will focus on:
  • Modeling and financial projections for actuarial appraisals
  • Development and analysis of experience studies and actuarial assumptions
  • Asset adequacy analysis and cash flow testing
  • Actuarial due diligence for merger and acquisition transactions, including review of financial metrics, assumptions, risks and operations of the business
  • Development of valuation models and production processes for US statutory and GAAP reporting
  • Risk and capital assessment, including RBC and economical capital frameworks
  • Implementation of Milliman's financial modeling and technology solutions, focused on our proprietary MG-ALFA and Integrate platform-based solutions
  • Other projects including development of new products for financial services companies, risk-based capital impact analysis, and developing economic capital models under various frameworks

Job Knowledge, Experience Skills
Job Knowledge Required:
  • Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program of study
  • Attainment of the FSA designation with the Society of Actuaries (SOA)
  • Minimum of 7 years of full-time work experience in an actuarial role

Experience and Soft Skills Required:
  • Strong quantitative background
  • Proficiency in Excel, VBA and SAS
  • Insurance product modeling experience, and MG-ALFA and Integrate experience, in particular
  • Ability to analyze and apply creative problem solving both independently and within a team
  • Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic
  • Proven ability to handle multiple projects and tasks, prioritizing and meeting deadlines
  • Strong written and verbal communication skills, along with the ability and willingness to clearly articulate ideas
  • The desire and ability to work in a fast-paced environment where the client is always first

Location
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. The expected application deadline for this job is July 31, 2026.
Compensation
The salary range for this role is $119,025 - $214,820, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.
Benefits
We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being. Benefits include:
  • 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.

Equal Opportunity
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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About Milliman

Sourced by ZipRecruiter

Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Industry

Business management consulting

Company size

1,001 - 5,000 Employees

Headquarters location

Seattle, WA, US

Year founded

1947

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