Actuary – EB Consulting

The Employee Benefits Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. We are actively recruiting for a Senior Consulting Actuary in the Chicago marketplace to manage key client actuarial relationships and assist in the growth of our business. This position will be a key senior leadership position and the successful candidate will be part of our management and marketing teams and will be expected to help us grow and expand our services.

Who We Are

Independent for over 75 years, 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.

Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

What You Will Do

Key responsibilities include:

• Participation in the overall management and marketing of Milliman’s services in the area of corporate pensions
• Leading client meetings and new business presentations.
• Perform senior-level review of all technical work required for each assigned actuarial client and
• Serve as the signing actuary for certain assigned clients.

What We Are Looking For

Professional Qualifications

• Deep knowledge of the corporate retirement market and ability to think strategically about how to introduce new products and services, as well as position Milliman to win business
• Strong marketing skills and contacts with corporate pension plan sponsors or their advisors
• Regular speaker at industry conferences a plus
• Strong presentation skills with ability to lead client meetings, presentations and new business opportunities.
• Strong client management skills.
• Strong team player.
• Self-motivated, high achiever who has demonstrated leadership skills that will be used in a team-oriented environment.
• Strong technical skills, including proficiency in actuarial valuations, including strong knowledge of funding and accounting rules.
• Complete knowledge and ability to oversee the preparation of benefit calculations, government forms, valuation data preparation, etc.
• At least ten years of relevant retirement benefits experience.
• Minimum credentials: Enrolled Actuary (EA).
• Ability to manage personal workflow as well as oversee the work of others.
• Ability to work independently; must be motivated with strong oral and written communication skills.
• Strong management skills with the ability to manage internal staff.

Personal Qualifications

Must demonstrate Milliman’s core values which include:

• Integrity – Must be honest, fair, active listener, open communicator and accountable.
• Teamwork – Work cooperatively and treat clients and coworkers with respect and dignity while valuing individual differences, encouraging new ideas and sharing information.
• Commitment to excellence – Demonstrate commitment to being creative, innovative, flexible and adaptable, focusing on quality solutions, continually improving and being a winner.
• High energy with effective poise and presence, self-motivated and relentlessly striving towards goals.
• Ability to work with a sense of urgency with strong customer service approach

The Team

The EB Consulting practice provides actuarial and other consulting services for multiple industries, for actives and retirees and for Corporate, Public and Multiemployer Plans. This practice works with several key types of clients organized into the following seven lines of business:

• Corporate Pension Plans
• Multiemployer Pension Plans
• Public Pension Plans
• Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public combined)
• Health and Group Benefits (Corporate, Multiemployer, and Public combined)
• Compensation and Benefits Surveys
• Investments

Location

Candidates hired into this role will be required to work in-person in the Milliman Chicago, IL office on a weekly basis, but flexible work arrangements will be considered for our hybrid environment.

Compensation

The salary range for this role depends on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

Benefits

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

• Medical, dental and vision coverage for employees and their dependents, including domestic partners
• A 401(k) plan with matching program, and profit sharing contribution
• Employee Assistance Program (EAP)
• A discretionary bonus program
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
• A minimum of 8 paid holidays
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs

Equal Opportunity 

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.

Read Full Description