To qualify for this internship, you must be a candidate or awardee of the Milliman Opportunity Scholars Program, IABA, or OLA for 2024. If you do not meet this requirement, you are still welcome to apply for other Milliman postings.

Overview

The Actuarial Intern role provides training and experience to individuals seeking to pursue a career in actuarial science. Interns are expected to be pursuing a credential with the Casualty Actuarial Society by taking and passing actuarial examinations, and to be exploring the potential of engaging in a full-time actuarial career. We are open to part-time interns during the school year, or full-time interns during the summer.

On a day-to-day basis, the Actuarial Intern will be expected to work closely with project team members to execute key analyses for ongoing projects. They will be expected to develop their actuarial skills while displaying professionalism and strong communication skills. Much of the intern's work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities during the internship.

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.

The Atlantic Region practice, with locations in Boston MA, Burlington VT, and Atlanta GA, provides property and casualty (P&C) actuarial consulting services on a range of projects across the insurance, reinsurance, insurance-linked securities (ILS) and alternative-risk markets. We work with a diverse set of clients including self-insured corporations, commercial insurance companies, governmental agencies, risk pools, and financial investors and other participants in the ILS space. Using a variety of Milliman products and office-built tools, we look to establish and develop the cutting edge of actuarial practice in each of our professional niches, and provide our clients with trusted partnership and advice to advance the success of their business.

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

The Actuarial Intern provides support for a variety of projects. On a day-to-day basis, the Actuarial Intern will work closely with project team members to execute key analyses for ongoing projects. They will be given opportunity to produce high-quality analytical work while also showing professionalism and strong communication skills when interacting with colleagues and, when applicable, client contacts. Much of the Intern's work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement.

The team is a focused and tight-knit group working together virtually and across our locations. Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team, from analysts to the Principals serving as the client leads. Team members also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices, and work with employees from other Milliman P&C practices.

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of young actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.

What We Are Looking For

Qualifications

• Pursuing or have completed a four-year Bachelor's degree (or higher), including quantitative course work in actuarial science, mathematics, statistics, etc. (transcripts will be requested)
• Intellectual curiosity about the topics of risk, Milliman, and the work of our specific practice
• Strong critical thinking, technical, and analytical skills
• The ability to work collaboratively and organize various client needs in a fast-paced environment
• The ability and willingness to clearly articulate questions and ideas
• Close attention to detail
• Substantial expertise with Excel and Word

Preferred

• Between one and five passed actuarial exam(s), ideally on the CAS exam/credentialing track
• Some experience with computer programming
• Expertise with statistical and modeling tools such as R, @Risk, VBA, Python, SAS, STATA, etc.
• Working knowledge of supplemental database and professional working tools such as Access and PowerPoint
• Clearly demonstrated leadership and creative thinking abilities

Location

This role is based out of the Milliman office in Wakefield, MA, but candidates hired into this role may work remotely anywhere in the U.S.

Compensation

The hourly range for this position is $19-36 per hour, 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.

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)