The 2025 Actuarial Summer Internship position will assist in completing projects related to health insurance, long-term care insurance, and related predictive modeling for the Minneapolis Health and Life practice using data processing and actuarial modeling software to support our clients' needs. This position requires a full-time commitment of 40 hours per week for approximately 3 months.

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

What You Will Do

In this role, you will:

• Problem-solve using spreadsheets, databases, and other resources to clean, synthesize, and/or analyze data and information
• Communicate results to peers and project leaders
• Review the work of your peers
• Prepare and document project files
• Assist with research and business development projects

What We Are Looking For

Professional Qualifications:

• Minimum current GPA of 3.0 but preference is given to applications with 3.5 or higher
• Pursuing a degree in actuarial science, statistics, mathematics, or related field
• Working knowledge of spreadsheet and word processing software
• Strong analytical and problem-solving skills
• Effective communication skills, with the ability to express complex technical concepts verbally and in writing to diverse audiences

Personal Qualifications:

• Excellent attention to detail
• Ability to learn existing processes quickly
• Ability to apply knowledge and concepts to a variety of different tasks
• Strong organizational abilities and time-management skills

Preferred Qualifications:

• Passed at least one actuarial exam
• Experience with healthcare or health data
• Working knowledge with database applications such as Access, VBA
• Computer and statistical programming experience, SAS, Python, and/or R
• Experience with cloud computing
• Ability to work independently

The Team

The Minneapolis Health and Life practice is composed of healthcare and long-term care insurance professionals who provide our clients with industry-leading consulting services. We also develop and maintain innovative products that complement our consulting services. We are an expanding group with experience leading the way in industries that continuously change and evolve. Our office encourages an open and collaborative work environment to help our professionals grow and thrive.

The actuarial team is involved in work that supports all areas of the practice. The analyses and techniques used are cutting edge while providing clients with accurate and easily interpreted business results. Employees balance working independently and collaborating with other team members. Analysts, actuaries, and subject matter experts work closely together to ensure solutions are both accurate and solve the correct problem for the client.

Location

This role is based out of the Milliman office in Minneapolis, Minnesota, but candidates hired into this role may work remotely anywhere in the US.

Compensation

The salary range for this role is $19-$36, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

Benefits

• When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit sharing contribution
• Employee Assistance Program (EAP)
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Interns, Temporary, and Seasonal Employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

The expected application deadline for this job is March 1, 2025.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)