Associate Actuary (ASA Required) Job at Davita Inc., Chicago, IL

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  • Davita Inc.
  • Chicago, IL

Job Description

Description Description The Chicago office of Milliman Inc. is looking for bright, enthusiastic, and qualified candidates to work in their Financial Risk Management (FRM) practice. Milliman's rigorous, distinctly innovative approach to risk management is built on a foundation of actuarial expertise and shaped by some of the most advanced thinking in the industry. Whether you're looking to improve capital efficiency, comply with regulatory requirements, or guard against market volatility, Milliman offers a complete range of operational, strategic, and financial risk management solutions and tools. 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 advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, and capital requirements. We hire the best in the business-and then trust them to do their work their way. It's about personal responsibility, creativity, flexibility. We believe great work happens in great work environments. Our culture is highly collaborative with value placed on high quality work and innovation. The Department/Team: We are a team of more than 60 actuaries with deep subject matter expertise in equity-based insurance guarantee products, providing our clients with advanced analytics required to develop a comprehensive understanding of the business, and make informed strategic and risk management decisions. Your Role/What You'll Do: You will: Design and execute scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives Perform managed services for financial reporting of Variable Annuities, including GAAP and Statutory valuation Merger and acquisitions - due diligence including review of assumptions, risks, and operations of Variable Annuities and/or Fixed Indexed Annuities business; valuation and projection of statutory balance sheet; determine the impact of various risk management programs Build stochastic models for risk-based capital impact analysis Evaluate the appropriateness of exotic derivatives in reducing a company's risk exposure Price and develop new products for financial services companies Collaborate with non-actuarial teams within FRM to enhance our actuarial and quantitative finance models, and technology supporting the automation platforms Communicate with clients to understand their needs and expectations, as well as to present work product Develop innovative solutions to challenges affecting our clients or internal processes and seek business development opportunities to help grow the practice Your Qualifications: Required: Undergraduate degree in Actuarial Science, or a similar quantitative program of study. ASA designation. Actively pursuing the FSA designation. A minimum of TWO years of experience in an actuarial role (excluding internships). Desired: Strong quantitative background with actuarial modeling experience in life insurance, risk management, or investments Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.) Proficiency in Excel and VBA. Knowledge of SQL, C++, C#, and other programming languages is a plus Experience with actuarial valuation software would be an asset Ability to analyze and apply creative problem solving both independently and within a team Excellent project management skills, including communication and time management skills Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic Sharp critical thinking skills, sound judgment and decision making ability, and both the ability and willingness to clearly articulate your ideas Proven ability to work in a fast-pace environment where the client is always first An inherent sense of the value of collaboration Location The expected application deadline for this job is July 31, 2025. 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. Compensation The overall salary range for this role is $101,420 - $172,480. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, 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. Qualifications Education Bachelors of Actuarial Science (required) Experience 2 years: Professional Experience (required) 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. #J-18808-Ljbffr Davita Inc.

Job Tags

Full time, Temporary work, Work experience placement, Work at office, Flexible hours,

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