Overview

Milliman is looking for an Actuarial Analyst Intern to assist consulting actuaries with the development and use of actuarial models for pricing, reserving, and forecasting. Our team of skilled professionals review, organize and analyze statistical data, develop and utilize actuarial models, analyze healthcare costs and utilization data, and implement software solutions under actuaries' supervision.

Our Actuarial Analyst internship was designed to fully integrate up-and-coming actuarial analysts within our current team of analysts and consulting actuaries. Our flat structure provides ample opportunity for self-motivated actuarial analysts to ask questions, learn fast, interact with leading experts in the field, and take initiative to develop personalized professional goals.

NOTE: This position is intended for FORMER INTERNS who have successfully completed a full-time summer internship with our practice.

Responsibilities

In this role, you will:

• Analyze healthcare cost and utilization data using claims databases
• Examine benefit plan and insurance pricing
• Perform experience analysis and reserving
• Complete technical research and computer modeling
• Provide financial and statistical analysis
• Reconcile claims data and project future costs
• Support ad-hoc client requests
• Support senior staff in strategic projects such as supporting clients through environmental changes or healthcare reform

Qualifications

• A desire to expand actuarial skills and be committed to obtaining Fellowship
• Knowledge of Excel
• Ability to quickly learn new software programs
• Strong time management skills
• Strong analytical, communication (written and oral), and organizational skills
• Ability to prioritize work and meet deadlines

Required:

• Must have completed a full-time internship with Milliman's Indianapolis Health practice
• Working toward a Bachelor's or Master's Degree in actuarial science, mathematics, statistics or another related quantitative field

Preferred:

• Passed, at minimum, 1 Society of Actuaries exam

The Team

The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies. We create dedicated core teams for each state Medicaid agency client that are customized to serve each of our clients' unique needs. New staff are placed on a dedicated state client team, learning from seasoned consultants. As a member of a state client team, you will observe how we provide comprehensive consulting services which span from many different disciplines and backgrounds including actuarial, policy, finance, pharmacy, and data management, all working together for a common goal to best serve our clients' needs.

Location

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

Compensation

The salary range for this role is $19.00 to $36.00, 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.

Who We Are

Independent for 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.

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 September 4, 2024.

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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)