Saba Rizvi

Milliman is unique because we hire highly motivated and driven people who are more interested in their work than they are in their own financial benefit. Maybe some other firms see monetary gains as the greatest motivator; however, my experience has shown that the people I work with are more interested in doing good work and solving problems rather than focusing solely on financial reward.

As consultants, we have a broad view of what is happening in the industry and can use the large breadth of knowledge and experience to guide our clients into employing better and more appropriate risk management techniques. As a rule, actuaries always fall on the side of caution and conservatism. In this volatile economic environment, that is the type of perspective that will help companies survive market volatility.

Through my internship at Milliman, I was introduced to a new facet of actuarial work that I really enjoyed. That’s when my vision changed.

I work in the Financial Risk Management group. I work with companies to develop variable annuity guarantees, pricing, analysis, and the ongoing management of hedge programs.

The best thing about my job is the chance to work and collaborate with peers and clients. I enjoy working as part of a team on group projects.  

Ours is a team of very friendly, open, and caring colleagues. Everyone works really well together. Almost all the friends I made after moving here from Canada are friends from work.

We’re a dynamic group—each member comes from a different background. Some have actuarial experience, others financial or academic.

This diversity helps us to work out unique solutions for our clients as well as giving a variety of perspectives regarding any problem.

I often find that even when I have some "down" time I am thinking about work.

But I do feel that this is partly because of my own interest in what I do and not necessarily because of the workload. With a consultant’s schedule, sometimes it is difficult to maintain a good balance between my work and home life. Having said that, when deadlines are looming, your time is not your own, so often you are working very long hours.

When I’m not at work, I love going to see live music and Chicago provides plenty of opportunities to enjoy that. I also play on a recreational volleyball league and hang out with friends.

Milliman doesn't profess to have the ultimate solution to any company’s risk management issues, but we are able provide a unique perspective on what works and what doesn’t.

Because we work so closely with our clients, we’re able to provide customized solutions that work in the larger framework of what is considered appropriate risk management.

Recently the markets have declined considerably, and what we’ve seen over and over again is the benefit to our clients who have chosen to work with us. It’s clear that many of these companies would have failed had they not chosen to hedge their risk with Milliman. This exemplifies the most significant work we do: We provide a means for companies to weather tough times and continue to provide for their own clients and customers.

My educational and professional background:

I went to University of Waterloo in Ontario, Canada, where I earned a bachelor's degree in Actuarial Science with a Statistics minor. I interned at many traditional large insurance companies before coming to work at Milliman.

Everyone tries to challenge you and teach you.

When I first started at Milliman I was given a high level of responsibility very early on. You aren't just expected to follow a protocol because you are new; instead, you are given the opportunity to become highly involved in big projects right away

Milliman provides more opportunity for independence and growth—with a lot of support and encouragement—than most other traditional insurance companies. The work is dynamic and interesting and it is always changing.