[Hiring] Summer 2027 Actuarial Intern @Milliman

Role Description

Milliman’s San Francisco Tri-State Property and Casualty practice welcomes motivated students to join us as Actuarial Interns for Summer 2027. Our team represents a wide range of expertise, with abundant opportunities to develop and apply actuarial and complementary skills such as data science and geospatial analysis.

As a summer intern, you’ll work alongside Milliman consultants and project team members, including those in senior management. Over the course of 10-12 weeks, you’ll gain exposure to a variety of actuarial functions, such as:

• Product development
• Pricing
• Reserving

Typical responsibilities will include:

• Using Excel for preparation of data analysis, checking data for accuracy and consistency (peer review), drafting reports, and maintaining documentation
• Predictive modeling using GLM’s and non-linear methods using mostly SAS, Python, and R, to support rate analyses
• Draft written reports and exhibits, and prepare other internal/external correspondence
• Prepare and submit state regulatory filing support documents
• Undertake research projects of varying shape and size

Qualifications

• Currently pursuing a bachelor’s or master’s degree in actuarial science, mathematics, statistics, economics, or a related quantitative field, with at least one semester of school remaining
• At least one actuarial exam passed at the time of application
• Experience conducting data analysis using MS Excel
• Experience using MS Word, PowerPoint, Outlook, and Teams
• Some exposure to SQL, R, and/or Python

Requirements

• Sincere interest in pursuing the actuarial career in Property and Casualty
• Strong communication skills – both in-person and written
• Works well independently and within a team, especially when working virtually
• Excellent time management skills including collaboration across time zones
• The ability and willingness to clearly articulate questions and ideas
• Analytical thinking skills, considering possible solutions and downstream impact
• 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

Preferred Qualifications

• Two or more passed actuarial exams, and/or one or more VEE completed, at the time of application
• Prior internship(s) or related work experience
• Experience using SAS, R, SQL or Python and/or other modeling or coding languages
• Experience with data visualization tools such as PowerBI or Tableau
• Expertise with statistical and modeling tools such as @Risk, VBA, STATA, etc.
• Interest or intent to pursue actuarial credentials through the Casualty Actuarial Society

Location

This is a remote position, based in the United States. Candidates may be expected to adjust work hours depending upon time zones of team members, project deliverables, etc. No housing or relocation assistance will be provided for this internship.

Compensation

The overall pay range for this role is $21 - $46 per hour. For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia, the hourly range is $23 - $46.
• All other locations, the hourly range is $21 - $37.

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

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future. This includes international students.

Benefits

• 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.