Consulting Actuary - Tech & AI Focus - LTS Practice

The Role

The Consulting Actuary is a senior member of the Life Technology Solutions Professional Services team, responsible for leading client engagements, supporting delivery excellence, and contributing to the continued growth of the practice.

This role combines actuarial expertise with a strong focus on technology-enabled transformation in the life insurance industry, working closely with clients to modernize actuarial processes, improve operational effectiveness, and support the adoption of advanced analytics and next-generation platforms.

Your Responsibilities:

• Lead and contribute to client engagements focused on actuarial transformation and technology implementation.
• Support business development activities including proposals, client discussions, and solution design.
• Provide subject matter expertise in actuarial modernization, operating model design, and data-driven decision-making.
• Mentor and develop junior actuarial and technical staff.
• Act as a liaison between clients and internal development teams to ensure solutions meet market needs.
• Contribute to practice growth, knowledge sharing, and internal capability development.
• Stay current with industry trends in actuarial practice, technology, and advanced analytics.

Additional Focus

• Advise clients on modernizing actuarial workflows and improving efficiency through technology and data integration.
• Support the evolution of scalable, production-ready solutions that enhance actuarial and risk capabilities.
• Serve as a trusted advisor to clients on actuarial transformation and operating model improvement.

Job Knowledge and Experience 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 10 years of full-time work experience in an actuarial role, preferably in a professional services environment
• Experience in financial modeling using actuarial modeling software (i.e. Integrate, MG-ALFA, Excel)

Experience and Soft Skills Required

• Strong quantitative background
• SAS proficiency
• Insurance product modeling experience and MG-ALFA experience, in particular
• Exceptional oral, written, and presentation skills and the ability to convey complex ideas to clients and team members.
• 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, while maintaining appropriate focus on details
• Demonstration of a consulting mindset and approach to working with clients to deliver exceptional value and service. Progress to ownership of client relationships.
• The desire and ability to work in a fast-paced environment where the client is always first
• Sharp critical thinking skills, sound judgment and decision-making ability, and both the ability and willingness to clearly articulate your ideas

Skills to Build

• Business development skills and approach for our products and services.
• Demonstrated aptitude for quantitative and critical thought and ability to evaluate ideas and implement.
• Thought leadership in the industry and representing Milliman at conferences/events, and in white papers to share forward-thinking ideas.
• If growth into a people management role is desired, develop delegation, project management, and leadership skills

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 June 19, 2026.

Compensation

The overall range for this role is $134,435 - $242,650 USD. 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 - 11 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.