Who We Are
Independent for more than 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, mortgage and healthcare financing, risk management, 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 (ERGs) 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, diversity and inclusion, social impact, and sustainability.
Milliman’s Milwaukee-based Property and Casualty practice is one of the leading teams of experts in P&C insurance matters. We advise clients on a wide range of issues – from estimating loss reserves to developing rating plans and evaluating mortgage collateral for government agencies, mortgage lenders, and investors. Our consulting work is supported by a powerful toolkit of analytics software solutions. As innovators in risk assessment, Milliman embraces technology and builds renowned data-driven tools that evaluate risk for a wide variety of applications.
The Opportunity
Milliman’s Milwaukee Casualty practice welcomes motivated college students pursuing a bachelor’s or master’s degree to partake in a summer actuarial internship. We offer competitive pay and the opportunity to work on challenging projects with practical on-the-job experience. As a summer intern, you’ll work alongside Milliman consultants who are leading experts in the property and casualty insurance industry, including those in senior management. You’ll be welcome at professional staff meetings, department meetings, and a variety of practice-wide and intern-specific social events.
Over 10 to 12 weeks, you’ll gain exposure to a variety of actuarial functions, including pricing, model development, reserving, product development, and forecasting, concluding with the opportunity to present to your Milliman colleagues. You’ll also receive on-the-job mentorship from experienced actuaries, and actionable feedback to grow in your career.
We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work supporting new and developing markets. As such, we are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.
Responsibilities will include:
Perform data analysis using Excel, VBA, SAS, R, Python, and proprietary Milliman programs to assist with consulting for various property and casualty insurance work areas (Professional Liability, Workers Compensation, Personal Auto, Homeowners, Mortgage Credit Risk, and more) Participate in consulting activities that include pricing, loss reserving, predictive modeling, product development, financial projections, and mergers and acquisitions Responsible for reviewing the work of peers and assisting with research projects and business development Coordinate with Consultants and other Analysts as a project team to deliver client reports and deliverables Responsible for a majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions
What We Are Looking For
Professional Qualifications
Pursuing a bachelor’s or master’s degree in actuarial science, mathematics, or a related major with quantitative coursework At least one actuarial exam passed Experience using MS Excel, Word, PowerPoint, Outlook, and Teams Experience using R, SAS, VBA, or other coding languages preferred Prior internship(s) or related work experience preferred
Personal Qualifications
Strong communication skills – both in-person and written – in order to successfully collaborate with colleagues and clients Analytical thinking skills, considering downstream impact Can complete project-related tasks, meet deadlines, and comply with quality control procedures Demonstrates professionalism and integrity in all functions of work Self-starter, takes initiative, and works well independently and within a team Ambition and excitement for professional development in the actuarial field Intellectual curiosity about the topics of risk, Milliman, and the work of our practice Inspired to perform well by the ability to contribute to the success of a project or organization Strong time management skills
Milliman Benefits
Location
This position is based out of the Milliman office in Brookfield, WI. Candidates hired into this role must be willing to work onsite full-time. A housing stipend may also be provided.
Compensation
This position is expected to be full-time at 37.5 hours per week for 10 to 12 weeks, beginning in May or June 2025. The pay range for this position is $21 to $35 per hour, depending on a combination of factors, including but not limited to education (including exams), relevant work experience, qualifications, skills, certifications, location, etc.
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.
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The expected application deadline for this position is October 2, 2024.