Actuarial Intern - EB Consulting

Description

Milliman's Employee Benefits Consulting Practice is seeking motivated college students for a full-time summer 2026 internship. The internship is a 10-week program, starting June 2nd and ending August 7th. 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 to learn more about Milliman's commitments to our people, inclusion, 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.
• 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.
• Supporting senior staff in various projects.

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

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  Currently pursuing a bachelor's degree in Mathematics, Statistics, Actuarial Science, Economics, or another major with quantitative coursework.

  
  
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  Recommended for rising sophomore, juniors and seniors.

  
  
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  No actuarial exams are required, but an interest in pursuing actuarial exams is preferred.

  
  
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  Experience with spreadsheets, with proficiency in Microsoft Excel preferred (including formulas, pivot tables, and basic modeling)

  
  
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  Strong analytical and problem-solving skills with attention to detail

  
  
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  Effective communication skills and collaboration abilities

  
  
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  Prior internship(s) or actuarial-related work experience is beneficial but not required.

  
  
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  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 are required to work on site at a designated Milliman office at least two days per week (no relocation, mileage or housing assistance provided).

Compensation

The overall pay range for this role is $21 - $45 per hour.

For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia, the hourly range is $23 - $41.
• New York City, Newark, San Jose, or San Francisco, the hourly range is $25 - $45.
• All other locations, the hourly range is $21 - $37.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

Benefits

We offer competitive benefits which include the following based on plan eligibility:

• Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges.
• 401(k) Plan - When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
• Paid Time Off (PTO) - Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
• Transportation - Pre-tax savings for eligible transit and parking expenses.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

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