[ Short Description

The Actuarial Intern position is responsible for performing various levels of analysis related to our client projects. The ideal candidate is a critical thinker who possesses strong communication and organizational skills and is committed to the Casualty Actuarial Society exam process. This position also requires strong technical skills to pair with creative problem-solving skills to assist on a wide variety of consulting projects.

Detailed Description

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 developing insurance for emerging markets, highly focused on data analytics and business transformation. Through a team of professionals ranging from actuaries to compliance professionals, data scientists to actuarial analysts, we offer unparalleled expertise in the insurance industry.

Our group provides actuarial consulting to clients for a variety of P&C projects out of our Orange County, Pasadena, San Francisco, Dallas, Denver, and Seattle offices. The projects include a wide variety of actuarial techniques, generally related to ratemaking including predictive modeling, telematics, by-peril and catastrophe rating, rate development, rate indications, state filing support, and reserving.

Who We Are

Our office focuses on developing and modifying insurance products to introduce advanced rating techniques and technological advancements such as InsurTech solutions. We develop the associated regulatory rate and form filing support for these insurance products and InsurTech solutions, as well as do traditional actuarial work such as ratemaking, reserving, predictive modeling, competitive analysis, and a variety of special projects.

Role

On a typical assignment, the actuarial intern will be responsible for:

• Developing spreadsheets
• Inputting and manipulating data
• Assisting with predictive modeling using GLM and non-linear methods using mostly SAS and R, that support rate analyses
• Preparing and submitting state regulatory filing support
• Preparing loss reserve analyses
• Populating capital loss model templates
• Rating research
• Checking work for technical accuracy

Qualifications

Required:

• In pursuit of a degree (or recently graduated) in actuarial science, mathematics, data science, statistics, or a relevant major
• At least one Casualty Actuarial Society exam passed
• Technically proficient in Excel

The ideal candidate will have the following attributes:

• Service oriented
• Quick learner
• Team player
• Good with detail
• Excellent written and oral communication skills
• Skills in SAS, R, SQL or Python, and predictive modeling are also desirable but not required

Location

This position will be based out a Milliman office in Orange County, Pasadena, San Francisco, Dallas, Denver, or Seattle. The applicant may work remotely from home or from another Milliman office, space permitting.

Compensation

Actuarial interns are offered a competitive hourly rate of $24 - $36 per hour, depending on relevant factors, including but not limited to education, work experience, certifications, location, etc. In addition, for our permanent employees, we offer a significant performance-based bonus plan, profit sharing, competitive benefits, and an actuarial student study program.

Benefits

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

• When an 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, based on 1 hour for every 30 hours worked.

Milliman is an Equal Opportunity Employer

Milliman 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, 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. 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.

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) ]