Consulting Actuary - FRM

We are currently collaborating with a leading consulting firm in the industry, offering you the opportunity to work alongside top professionals and gain invaluable experience to advance your actuarial career and overall skillset. Located in Chicago, a dynamic and thriving Midwest city, this firm provides hybrid flexibility, with most employees working two days in the office. In addition to a supportive work environment, they offer outstanding benefits. This is an ideal opportunity for candidates eager to elevate their actuarial careers and work with the best in the field.

They are seeking a Consulting Actuary to join their FRM team. The ideal candidate will bring experience in M&As, cash flow testing, financial reporting, ALM, and more, and will be ready to hit the ground running. Below are some of the responsibilities and qualifications for this role:

Responsibilities:

• Involvement in a variety of assignments related to mergers & acquisitions, asset liability management, cash flow testing, valuation, financial reporting, and financial modeling.
• Model financial projections for actuarial appraisals.
• Develop and analyze experience studies and actuarial assumptions.
• Perform asset adequacy analysis and cash flow testing.
• Conduct buy-side actuarial due diligence for M&A transactions, reviewing financial metrics, assumptions, risks, and business operations.
• Develop valuation models and processes for US statutory and GAAP reporting.
• Assess risk and capital, including RBC and economic capital frameworks.
• Implement financial modeling and technology solutions, with a focus on proprietary MG-ALFA and Integrate platform-based tools.
• Participate in an immersive learning experience to familiarize with operational processes and systems for implementing risk management strategies.
• Design and execute scalable dynamic hedging programs to manage equity guarantee risks and meet strategic objectives.
• Price and develop new financial products for service companies.
• Build stochastic models for hedging, GAAP, statutory valuation, and appraisals of Variable Annuities and/or Fixed Indexed Annuities businesses.
• Conduct M&A due diligence, reviewing assumptions, risks, and operations of Variable Annuities and/or Fixed Indexed Annuities businesses.
• Evaluate the suitability of exotic derivatives in mitigating a company's risk exposure.
• Assess the impact of various risk management programs in M&A transactions.

Required Knowledge:

• Undergraduate degree in Actuarial Science or a similar quantitative field.
• Attainment of the FSA designation with the Society of Actuaries (SOA).
• A minimum of 5 years of full-time actuarial experience (excluding internship roles).

Required Skills:

• Strong quantitative background with actuarial modeling experience in life insurance, risk management, or investments.
• Comprehensive understanding of financial markets, portfolio management, option pricing, and derivative pricing concepts.
• Proficiency in Excel and VBA; knowledge of SAS, C++, C#, and other programming languages is a plus.
• Experience with MG-ALFA or similar actuarial valuation software is 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.
• Self-motivated, intellectually curious, and results-driven work ethic.

If you're ready to take your actuarial career to the next level in a top-tier consulting environment, this is an exciting opportunity to grow and make a significant impact in the industry. Please only apply if you meet the qualifications.