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Job description
Exciting Summer 2027 internship opportunities!
Join our CMH Health Practice!
Milliman'sCMH Health Practice is looking for motivated college students pursuing a bachelor's or master'sdegree to participate in a summer actuarial internship. We offer competitive pay with the opportunity to work on real world assignments in our vibrant, dynamic, and growing health consulting practice. This summer internship requires candidates to work four days per week (Monday through Thursday) at one of our three CMH Health office locations (Chicago, Illinois, Milwaukee, Wisconsin, or Hartford, Connecticut). Friday is an optional work day from home.
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, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.
Our Actuarial Internship Provides You
Challenging assignments with practical on the job experience
Work alongside some of the leading experts within the healthcare industry
An opportunity to present on your summer experience
Exposure to a variety of actuarial functions, including experience studies, valuation, pricing, model development, and forecasting
An opportunity to work alongside Milliman actuarial consultants, including those in senior management
Development of your technical skills with platforms such as Excel, VBA, Python, and SAS
Attendance at professional staff meetings and department meetings
Day of exam sitting is paid time off
Mentorship from experienced actuaries
Housing stipend may be provided
Competitive pay
Prospect of securing a full-time position with Milliman
Job Responsibilities
Perform data analysis using Excel, VBA, SAS, Python, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare Advantage and Part D,Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more)
Participate in consulting activities includingpricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions
Responsible for reviewing the work ofpeersand assisting with research and product development
Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables
Responsible forthe majority ofthe technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions
Minimum requirements
Pursuing abachelor'sor master's degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work
At least one actuarial exam passed
Must be able to work onsite at least four days (Monday through Thursday) per week throughout the duration of this summer internship at one of our three CMH Health office locations (Chicago, Illinois, Milwaukee, Wisconsin, or Hartford, Connecticut).
Junior standing is preferred, will accept sophomore standing at time of application
Competencies and Behaviors that Support Success in this Role
Ambition and excitement for professional development within the actuarial field
Good academic standing (3.2 grade point average or above is preferred)
Previous internship or relevant work experience
Leadership experience and involvement in extra-curricular activities
Experience working with SAS,VBA, or other coding languagesis advantageous
Strong communication skills (both verbal and written)
A detail-oriented self-starter with an entrepreneurial spirit inspired to contribute to the success of any project
Analytical thinking skills to evaluate analyses fordownstream impact
Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures
Strong time management skills
Ability to work independently andin a team environment
Demonstrates integrity in all functions of work
Candidates should have academic exposure to Microsoft Excel and basic actuarial concepts.
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
Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues-from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.
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.
Location:
Candidates must be able to work onsite at least four days per week (Monday through Thursday) at any one of our three CMH Health office locations (Chicago, IL, Milwaukee, WI, or Hartford, CT). The expected application deadline for this job is January 17, 2027.
Compensation:
The overall range for this role is $21 - $46.
For candidates residing in:
Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia the range is $23 - $46.
All other locations the 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:
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.
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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.
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Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.