What are the responsibilities and job description for the Actuarial Intern (Summer 2025) - EBC position at Milliman, Inc?
Milliman's Employee Benefits Consulting Practice is seeking motivated college students for a full-time summer 2025 internship. This role offers a chance to grow professionally and develop technical skills in the actuarial field. Ideal candidates will have strong technical abilities, excellent communication and interpersonal skills, and a self-driven attitude. Success in our practice is fueled by intellectual curiosity, teamwork, and a passion for learning. If you are eager to take on challenges and build a foundation for your actuarial career, we encourage you to apply.
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
As an Actuarial Intern, you will provide support and assistance to our actuarial consultants. You will gain hands-on experience in preparing basic actuarial calculations, government form filings, and other client deliverables. This internship offers a unique opportunity to work alongside experienced professionals and contribute to a wide range of projects, such as:
- Preparing basic actuarial calculations, government form filings, and other client deliverables.
- Reconciling claims data, project future costs, perform claims reserve calculations, price plan design changes, and support postretirement health valuations.
- Supporting senior staff in various projects.
- Performing data analysis using Excel, ProVal, and proprietary Milliman programs to assist with consulting for various employee benefits work areas.
- Collaborating within a project team, including consultants, project managers, analysts, and other interns, to deliver client reports and deliverables.
What We Are Looking For
We're seeking candidates who are interested in an actuarial career. Ideal candidates will have strong communication skills, be flexible, and show ambition and excitement for their professional development.
Join our team and gain valuable experience while contributing to meaningful projects in a collaborative and supportive environment.
Preferred Qualifications
- Currently pursuing a bachelor's degree in Mathematics, Statistics, Actuarial Science, Economics, or another major with quantitative coursework.
- Recommended for rising sophomore, juniors and seniors.
- No actuarial exams are required, but an interest in pursuing actuarial exams is preferred.
- Experience with spreadsheets, with proficiency in Microsoft Excel preferred (including formulas, pivot tables, and basic modeling).
- Strong analytical and problem-solving skills with attention to detail.
- Effective communication skills and collaboration abilities.
- Prior internship(s) or actuarial-related work experience is beneficial but not required.
- Strong time management skills, and ability to handle multiple tasks efficiently.
The Team
The EB Consulting practice provides a range of actuarial and consulting services for various industries, supporting both employees and retirees. Our team works with Corporate, Public, and Multiemployer Plans, focusing on the following areas:
- Corporate Pension Plans
- Multiemployer Pension Plans
- Public Pension Plans
- Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public)
- Health and Group Benefits (Corporate, Multiemployer, and Public)
- Compensation and Benefits Surveys
- Investments
As an intern, you will have the opportunity to work alongside experienced professionals, gain hands-on experience, and contribute to meaningful projects in these key areas. Join us to learn, grow, and make a difference!
Location
Candidates hired into this role must be willing to work in person at one of the designated Milliman offices at least two days per week and must reside within 50 miles of the office to align with our hybrid work model.
Compensation
The salary range for this role is $21.00 - $43.00, 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.
- Commuter Program, which allows you to use pre-tax dollars to pay for your parking or public transit expenses to get to and from work. You may utilize this benefit any time throughout the year and funds will be available the first of the month following your first contribution.
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.
Milliman is an equal opportunity employer
Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law.
Reasonable Accommodation Notice
Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
Salary : $21 - $43
