Actuarial Intern

This is a fully remote position, open to applicants in United States.

📋 Description

• Collaborate with Milliman consultants and project team members, including senior leadership.

• Acquire experience in product development, pricing, and reserving throughout a 10–12 week internship.

• Present findings to Milliman colleagues at the end of the internship.

• Utilize Excel to conduct data analyses, verify data accuracy and consistency through peer reviews, draft reports, and maintain documentation.

• Execute predictive modeling using GLMs and non-linear methods, primarily with SAS, Python, and R, to facilitate rate analyses.

• Compose written reports, exhibits, and internal/external communications.

• Prepare and submit documents supporting state regulatory filings.

• Engage in research projects of varying scope and complexity.

• Work collaboratively with colleagues and clients across different time zones.

⛳️ Requirements

• Currently enrolled in a bachelor’s or master’s degree program in actuarial science, mathematics, statistics, economics, or a related quantitative discipline.

• At least one semester of academic coursework remaining.

• At least one actuarial exam completed at the time of application.

• Proficient in conducting data analysis using MS Excel.

• Familiarity with MS Word, PowerPoint, Outlook, and Teams.

• Basic exposure to SQL, R, and/or Python.

• Genuine interest in an actuarial career in Property and Casualty.

• Strong verbal and written communication skills.

• Capability to work independently and as part of a team, particularly in a virtual environment.

• Excellent time management skills, including effective collaboration across time zones.

• Ability and willingness to clearly express questions and ideas.

• Strong analytical thinking abilities.

• Intellectual curiosity regarding risk, Milliman, and the practice's work.

• Passion for delivering accurate, professional work with integrity.

• Must be legally authorized to work in the United States without current or future immigration support or sponsorship.

• Preferred: two or more passed actuarial exams and/or completion of one or more Validation by Educational Experience (VEE) requirements.

• Preferred: previous internship(s) or relevant work experience.

• Preferred: experience with SAS, R, SQL, Python, or other programming languages used for modeling.

• Preferred: familiarity with PowerBI or Tableau.

• Preferred: proficiency with @Risk, VBA, STATA, or similar tools.

• Preferred: interest or intent to pursue credentials from the Casualty Actuarial Society.

🏝️ Benefits

• Employee Assistance Program (EAP).

• 401(k) plan with company matching program and profit-sharing contributions, subject to eligibility requirements.

• Paid Time Off (PTO), accruing from the first day of employment.

• Pre-tax savings for qualified transit and parking expenses.

• On-the-job mentorship from seasoned actuaries.

• Constructive career development feedback.

• Support for exam preparation.

• Training and development opportunities.

• Access to learning and mentoring programs.

• Employee Resource Groups (ERGs).

• Opportunities to contribute to professional organizations.