Actuarial Intern (Summer 2023)

Milliman’s Mountain Gulf Health Practice operates as one entity across four locations – Denver, Houston, Phoenix, and Salt Lake City. Our summer internship opportunities are spread out across these four locations, or remote.

Reponsibilities

Our goal is to give interns a broad range of experiences and exposure to the work of consultants in our practice. Actuarial interns perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various health insurance work areas, such as: Commercial / ACA, Behavioral Health, Risk Adjustment, Medicaid, Medicare, Dental, and more.

Interns have the opportunity to leverage their classroom knowledge by taking part in consulting activities including everything from coordinating client marketing mailings to sitting in on client calls, updating models to developing analyses for internal projects, reviewing and checking the work of others to assisting with research and product development, and perhaps helping out with the occasional office prank.

Within a project team, consultants, project managers, analysts, and interns coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Project managers work directly with analysts by reviewing work, answering questions, and developing client correspondence. Analysts are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions. Interns are given very similar responsibilities compared to full-time analysts, and work alongside all levels of a project team while learning and expanding upon various actuarial concepts and computer programs, such as Microsoft Excel, VBA, and SAS.

Although exam study time, materials, and exam fees are not paid for by Milliman for an actuarial intern, we feel progression with actuarial exams is important, and the day of an exam sitting will be paid time off if applicable.

The goal of our internship program is to be a pipeline for entry level positions within our practice. All interns all eligible to be considered for a full time position based on their performance as intern.

Requirements

• Junior or Senior bachelor’s degree candidates, or graduate students pursing actuarial science, mathematics or another major with quantitative course work
• At least one actuarial exam passed
• Solid understanding of basic actuarial concepts
• Proficiency in Microsoft Office
• Exposure to programming (R, SAS, SQL, Python, VBA) is beneficial but not required
• Prior internship(s) and/or actuarial-related work experience is beneficial but not required
• Authorized to work in the United States on a full time basis without sponsorship from Milliman presently or in the future. Milliman Denver Health does not allow for sponsorship in order to maintain or obtain an employment authorizing status/visa or other form of employment authorization in order to legally work in the United States.

Milliman 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.

Compensation

The hourly range is $24 to $35, depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.

About us

The Mountain Gulf Health Practice of Milliman is a group of highly self-motivated and enthusiastic individuals. Our practice has developed expertise in a variety of business areas, which means that we are always working on new and interesting challenges related to the healthcare field and the actuarial profession.

Milliman is the country’s most prestigious actuarial consulting firm, with offices in major cities worldwide. Milliman is divided into four main practice areas, providing a full range of actuarial and other consulting services to our clients in the areas of Healthcare, Employee Benefits & Investment, Property & Casualty, and Life Insurance & Financial Services. Each practice is individually owned by the local Principals who manage them, and the company’s flat organizational structure fosters entrepreneurs who work together to grow each practice and expand into new consulting opportunity areas.