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Milliman

Milliman

Actuarial Intern - Property & Casualty

Actuarial Intern - Property & Casualty

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Job Details
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Uploaded On
July 17, 2023
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Location
Wakefield, United States
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Remote?
No
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
80%
""
Overall Score
4.1 / 5

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[ Who We Are

This Milliman practice, with locations in Boston MA, Burlington VT, and Atlanta GA, provides property and casualty 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 office-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 success of their business.

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.

The Department/Team

The team is a focused and tight-knit group working together across our 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 serving as the client leads. While most of our team's time is spent working on Boston/Burlington/Atlanta projects and with Boston/Burlington/Atlanta employees, team members also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices, and work with employees from other Milliman casualty practices.

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 young actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.

Opportunity

The Actuarial Intern role provides training and experience to individuals seeking to pursue a career in actuarial science. Interns are expected to be pursuing a credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and to be exploring the potential of engaging in a full-time actuarial career.

On a day-to-day basis, the Actuarial Intern will be expected to work closely with project team members to execute key analyses for ongoing projects. They will be expected to develop their actuarial skills while displaying professionalism and strong communication skills. Much of the intern's work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities during the internship.

Although this position may provide the opportunity for some amount of remote work, the applicant must be willing to be based out of the Milliman Boston MA, Burlington, VT, or Atlanta GA office. We are open to part-time interns during the school year, or full-time interns during the summer.

Qualifications

Required:

  • Four-year bachelor's degree or higher degree (quantitative course work in actuarial science, mathematics, statistics, etc. highly desired), either completed or in progress
  • Strong critical thinking, technical, and analytical skills
  • Substantial expertise with Excel and Word
  • Close attention to detail


Desired:

  • Between one and five successfully completed actuarial examinations, and pursuing a credential from the CAS.
  • Some experience with computer programming
  • Expertise with statistical and modeling tools such as R, @Risk, VBA, Python, SAS, STATA, etc.
  • Working knowledge of supplemental database and professional working tools such as Access and PowerPoint
  • The ability to work collaboratively and organize various client needs in a fast-paced environment
  • Clearly demonstrated leadership and creative thinking abilities
  • The ability and willingness to clearly articulate questions and ideas
  • Intellectual curiosity about the topics of risk, Milliman, and the work of our specific property/casualty practice


Compensation
The hourly range for this position is $23-35 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.


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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c) ]
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Working at 

Milliman

Milliman is among the largest actuarial and management consulting firms in the world. The firm employs over 2,800 people, including a professional staff of over 1,400 qualified actuaries and consultants in over 50 offices around the world. We provide actuarial consulting services in the property and casualty, life, health, and pension areas to clients which include insurance companies, insurance purchasers, regulators, self-insurers, and pension plan sponsors. Property and casualty services provided cover such diverse areas as evaluation of loss and expense reserves, pricing and funding requirements, risk retention, insurance management and operations, financial analysis, claims consulting, and reinsurance issues. The services we offer are as diverse as our clientele, but all are custom-tailored to meet the unique requirements of each client. For more detail on Milliman, please visit our website at www.milliman.com.

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