Actuarial Internship - Summer 2025

Milliman’s Mountain Gulf Health Practice is looking for motivated current college students, recent graduates, or career changers interested in a full-time virtual summer internship. This position provides opportunities for professional growth and technical skill development in the healthcare actuarial field. A successful candidate will possess excellent technical, communication, and interpersonal skills and will be self-motivated and driven to achieve. Intellectual curiosity, teamwork, and a strong desire to learn are important drivers of success in our practice.

The Team

Milliman’s Mountain Gulf Health Practice consists of fifty-three actuarial professionals, healthcare consultants, IT, and administrative professionals. We are a group of highly self-motivated and enthusiastic individuals. Our practice has developed expertise in a variety of business areas, which means that we are always working on new and interesting challenges related to the healthcare field and the actuarial profession.

We have made the decision to hire primarily at the entry level, and we have carefully designed a program to help interns along their career path. Through our manager program, all staff members are paired with a dedicated manager to help support and celebrate the growth of each staff member along their career path.

What You Will Do

Our goal is to give interns a broad range of real-life experiences and exposure to the work of consultants in our practice. Actuarial interns perform data analysis using Excel, SAS, Databricks, Python, R, and proprietary Milliman programs to assist with consulting for various health insurance work areas, such as: Commercial / ACA, Behavioral Health, Risk Adjustment, Medicaid, Medicare, Dental, and more.

Interns have the opportunity to leverage their classroom knowledge by taking part in consulting activities including everything from attending professional staff and project team meetings, updating models to developing analyses for internal projects, reviewing and checking the work of others, to assisting with marketing and research projects.

Within a project team, consultants, project managers, analysts, and interns coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Associate Actuaries, who act as project managers, work directly with analysts and interns by reviewing work, answering questions, and developing client correspondence. Analysts are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing, and utilizing actuarial models, and implementing software solutions. Interns are given very similar responsibilities to full-time analysts, and work alongside all levels of a project team while learning and expanding upon various actuarial concepts and computer programs, such as Microsoft Excel, SAS, Databricks, Python, and R.

Although exam study time, materials, and exam fees are not paid for by Milliman as an actuarial intern, we feel progression with actuarial exams is important, and the day of an exam sitting will be paid time off if applicable.

What We Are Looking For

Required Qualifications

• Currently enrolled and returning to, or recently graduated from an accredited University, or changing careers to the actuarial field
• Working towards or completed a bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, or another major with quantitative course work
• At least one Society of Actuaries exams passed
• Interest in an actuarial career
• Solid understanding of basic actuarial concepts
• Proficiency in Microsoft Office
• Exposure to programming (R, SAS, SQL, Python, VBA) is beneficial but not required
• Ability to work independently and within a team
• Solid written and verbal communication skills
• Time management skills

Personal Qualifications

• Curiosity
• Strong desire to learn
• Entrepreneurial spirit

Preferred Qualifications

• Prior internship(s) and/or actuarial-related work experience is beneficial but not required
• Junior or Senior standing, or recently graduated is preferred, but not required

The expected application deadline for this job is November 29, 2024. To be considered for this position, please submit a resume and cover letter expressing why you are interested in this opportunity.

Location

The Mountain Gulf Health Practice operates under one management group and works virtually across five locations – Denver, Houston, Phoenix, Salt Lake City, and San Francisco. Candidates hired into this role may work remotely anywhere in the US.

Compensation

The hourly rate for this role 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
• 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

 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.

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

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.