Actuarial intern

Who We AreIndependent 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.The Atlantic Region Property and Casualty (P&C) practice, with locations in Boston MA, Burlington VT, and Atlanta GA, provides 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 practice-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 financial well-being of people everywhere.The team is a focused and tight-knit group, working together across multiple 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 who serve as client leads.While most of our team’s time is spent working with members of the practice, we also have assignments that are completed in partnership with other Milliman offices around the world.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 actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.What You Will DoOn 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, up to and including senior Principals of the firm.Much of the Intern’s work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open additional opportunities for impactful client assignments and advancement.The Atlantic Region P&C practice welcomes interns each summer, but may also have work available during the fall and / or spring semester(s), depending on availability.When applying, you will be asked to estimate your upcoming availability for work.What We Are Looking ForProfessional QualificationsCurrently enrolled in a four-year Bachelor’s degree program, including quantitative coursework in actuarial science, mathematics, statistics, etc.Transcripts will be requested.• A minimum of one passed actuarial exam, and interested in pursuing a credential from the CAS• Substantial expertise with MS Excel and WordPersonal Qualifications• Strong critical thinking, technical, and analytical skills• Close attention to detail• 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• Clearly demonstrated leadership and creative thinking abilities• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice• Enthusiasm for producing high-quality, professional work with accuracy and integrity• Inspired to contribute to the success of a project and succeed as a team• Self-starter, with excellent time management skills including collaboration across time zonesPreferred Qualifications• Two or more passed actuarial exams• Some experience with computer programming• Working knowledge of supplemental database and professional working tools such as Access and PowerPointIn your application, please provide your current resume, cover letter, and college transcript.LocationThis is a remote position, based in the United States. Candidates hired into this role may work onsite in select Milliman office locations, if they prefer.CompensationThe pay range is $19 to $36 per hour, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.BenefitsAt Milliman, we focus on creating an environment that recognizes and meets the personal and professional needs of the individual and their family.We offer competitive benefits which include the following based on plan eligibility :• 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• 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 OpportunityAll 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.LI-LS1LI-RemoteThe expected application deadline for this job is October 2, 2024.Last updated : 2024-08-21