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Prior to joining Milliman, she was the Founder and Chief Executive Officer of Spark Actuarial and Risk Consultants based in Colombo, Sri Lanka, providing consulting services to insurance clients in the US and Asia.
As a consultant to large US life insurance companies, Milanthi has been involved in a variety of projects, including:
In addition, she has acted as the Appointed Actuary for two life insurance companies in Sri Lanka and also been heavily involved in the microinsurance sector. As the Appointed Actuary, she has supported life insurance companies in developing and launching new products, establishing governance processes for assumption setting, model validation and regulatory reporting, as well as advising the Board of Directors on issues relating to actuarial, investment and risk management. Additionally, she has been involved in several M&A projects providing support for actuarial due diligence and supporting annual audits of life insurance companies.
Prior to founding Spark, she was the Chief Actuary and Chief Risk Officer of Allianz Insurance Sri Lanka, overseeing all actuarial functions including leading the transition to Risk Based Capital reporting.
Milanthi worked as an Actuarial Associate, and then an Associate Actuary at Voya Financial in CT, USA (formerly ING US Financial Services) in the Retirement Services Insurance Risk Management and Pricing teams. Later she joined the Asset Liability Management Team for the US business as an Actuary, leading annual ALM studies, regular investment risk reporting, liaising with portfolio managers and supporting the annual strategic asset allocation process. She also served on the Retirement Services ALM committee.
Milanthi started her career at a development bank in Sri Lanka and later joined AMBA Research Lanka, a knowledge process outsourcing firm where she mainly supported analysts at a leading global investment bank in Sydney and Hong Kong, and subsequently quant-based hedge funds in Europe.
Milanthi is an active volunteer with the Society of Actuaries, having been involved in the Examinations Committee, and the International Section for several years. She was also on the Council of the Actuarial Association of Sri Lanka since 2015, including holding office as the President from 2018 to 2020.
She is a visiting lecturer at University of Colombo teaching both undergraduate classes in Risk Management and supporting the Actuarial Science Masters program.