2027 Actuarial Summer Internship - Minneapolis (Hybrid/Remote)

Job Duties

Description

The 2027 Actuarial Summer Internship position will assist in completing projects related to health insurance, long-term care insurance, and/or related predictive modeling for the Minneapolis Health and Life practice using data processing and actuarial modeling software to support our clients' needs. This position requires a full-time commitment of 40 hours per week for approximately 3 months.

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, 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

In this role, you will:

Problem-solve using spreadsheets, databases, and other resources to clean, synthesize, and/or analyze data and information

Communicate results to peers and project leaders

Review the work of your peers

Prepare and document project files

Assist with research and business development projects

Gain valuable experience working with health care data using a variety of software applications

What We Are Looking For

Professional Qualifications:

Minimum current GPA of 3.0 but preference to candidates with a 3.5 or higher

Pursuing a degree in actuarial science, statistics, mathematics, or related field

Working knowledge of spreadsheet and word processing software

Strong analytical and problem-solving skills

Effective communication skills, with the ability to express complex technical concepts verbally and in writing to diverse audiences

Personal Qualifications:

Excellent attention to detail

Ability to learn existing processes quickly

Ability to apply knowledge and concepts to a variety of different tasks

Strong organizational abilities and time-management skills

Preferred Qualifications:

Passed at least one actuarial exam

Experience with healthcare or health data

Working knowledge with database applications such as Access, VBA

Computer and statistical programming experience, SAS, Python, and/or R

Experience with cloud computing

Ability to work independently

Will be graduating within 12 months after internship from an accredited university

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.

The Team

The Minneapolis Health and Life practice is composed of healthcare and long-term care insurance professionals who provide our clients with industry-leading consulting services. We also develop and maintain innovative products that complement our consulting services. We are an expanding group with experience leading the way in industries that continuously change and evolve. Our office encourages an open and collaborative work environment to help our professionals grow and thrive.

The actuarial team is involved in work that supports all areas of the practice. The analyses and techniques used are cutting edge while providing clients with accurate and easily interpreted business results. Employees balance working independently and collaborating with other team members. Analysts, actuaries, and subject matter experts work closely together to ensure solutions are both accurate and solve the correct problem for the client.

Location

The expected application deadline for this job is September 30, 2026.

This role is based out of the Milliman office in Minneapolis, Minnesota, but candidates hired into this role may either work remotely anywhere in the US or in the office on a weekly basis with flexible work arrangements.

Compensation

The overall salary range for this role is $23 - $46.

For candidates residing in:

Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia the salary range is $23 - $46

New York City, Newark, San Jose, or San Francisco the salary range is $23 - $46

All other locations the salary range is $21 - $37

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc. This is a non-exempt overtime eligible role.

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.

#LI-REMOTE

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.

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.

Minimum Education Required

High School Diploma or Equivalent

Minimum Experience Required

None

Shift

First (Day)

Number of Openings

1

Public Transportation Accessible

Yes

Veterans Encouraged to Apply

No

Physical Required

Yes

Drug Test Required

Yes

Compensation

$11.41 / Hourly

Postal Code

55347

Job Type

Full Time

Place of Work

On-site

Requisition ID

2026A010598

Job Benefits

Not specified