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Intern

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Life

Investments

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Pensions

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Milliman's Employee Benefits Consulting Practice is seeking motivated college students for a full-time summer 2025 internship. This role offers a chance to grow professionally and develop technical skills in the actuarial field. Ideal candidates will have strong technical abilities, excellent communication and interpersonal skills, and a self-driven attitude.Success in our practice is fueled by intellectual curiosity, teamwork, and a passion for learning. If you are eager to take on challenges and build a foundation for your actuarial career, we encourage you to apply.Who We AreIndependent 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 retirement funding and healthcare financing, risk management and 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.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.What You Will DoAs an Actuarial Intern, you will provide support and assistance to our actuarial consultants. You will gain hands-on experience in preparing basic actuarial calculations, government form filings, and other client deliverables. This internship offers a unique opportunity to work alongside experienced professionals and contribute to a wide range of projects, such as:<ul><li>Preparing basic actuarial calculations, government form filings, and other client deliverables.</li><li>Reconciling claims data, project future costs, perform claims reserve calculations, price plan design changes, and support postretirement health valuations.</li><li>Supporting senior staff in various projects.</li><li>Performing data analysis using Excel, ProVal, and proprietary Milliman programs to assist with consulting for various employee benefits work areas.</li><li>Collaborating within a project team, including consultants, project managers, analysts, and other interns, to deliver client reports and deliverables.</li></ul>What We Are Looking ForWe're seeking candidates who are interested in an actuarial career. Ideal candidates will have strong communication skills, be flexible, and show ambition and excitement for their professional development.Join our team and gain valuable experience while contributing to meaningful projects in a collaborative and supportive environment.Preferred Qualifications<ul><li>Currently pursuing a bachelor's degree in Mathematics, Statistics, Actuarial Science, Economics, or another major with quantitative coursework.</li><li>Recommended for rising sophomores, juniors, and seniors.</li><li>No actuarial exams are required, but an interest in pursuing actuarial exams is preferred.</li><li>Experience with spreadsheets, with proficiency in Microsoft Excel preferred (including formulas, pivot tables, and basic modeling).</li><li>Strong analytical and problem-solving skills with attention to detail.</li><li>Effective communication skills and collaboration abilities.</li><li>Prior internship(s) or actuarial-related work experience is beneficial but not required.</li><li>Strong time management skills, and ability to handle multiple tasks efficiently.</li></ul>The TeamThe EB Consulting practice provides a range of actuarial and consulting services for various industries, supporting both employees and retirees. Our team works with Corporate, Public, and Multiemployer Plans, focusing on the following areas:<ul><li>Corporate Pension Plans</li><li>Multiemployer Pension Plans</li><li>Public Pension Plans</li><li>Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public)</li><li>Health and Group Benefits (Corporate, Multiemployer, and Public)</li><li>Compensation and Benefits Surveys</li><li>Investments</li></ul>As an intern, you will have the opportunity to work alongside experienced professionals, gain hands-on experience, and contribute to meaningful projects in these key areas. Join us to learn, grow, and make a difference!LocationCandidates hired into this role must be willing to work in person at one of the designated Milliman offices at least two days per week and must reside within 50 miles of the office to align with our hybrid work model.CompensationThe salary range for this role is $21.00 - $43.00, depending on a combination of factors, including education, relevant work experience, qualifications, skills, certifications, and location.Benefits<ul><li>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.</li><li>Employee Assistance Program (EAP)</li><li>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.</li><li>Commuter Program, which allows you to use pre-tax dollars to pay for your parking or public transit expenses to get to and from work.</li></ul>Equal OpportunityAll 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.

Aon Is Looking for Actuarial Interns &ndash; Availability NationwideAre you intellectually curious with a passion for solving problems? Do you enjoy a flexible and collaborative, team-based environment where you are always learning and growing? If yes, Aon is the place for you!The target salary range for this position is $22 to $28 per hour. The actual salary will vary based on applicant&rsquo;s education, experience, skills, abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant&rsquo;s geographic location.This is a hybrid role with the flexibility to work both from home and your aligned office.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.What the day will look likeAon has four exciting paths to choose from, and each is a one-of-a-kind opportunity waiting to be seized!Retirement ConsultingPension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients&rsquo; management teams to assess the short and long-term costs associated with these commitments.You will have the opportunity to work on a variety of assignments during your internship. Some of the most important projects that retirement actuarial consultants work on are the annual pension &ldquo;valuations.&rdquo; Each year, actuaries collect census data from the clients and perform the annual valuation. With the results of these valuations, we help our clients assess the ongoing financial health of their pension plans. Additional activities include:<ul><li>Projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans</li><li>Coordination of asset-liability analysis and other studies with investment consultants</li><li>Merger and acquisition &ldquo;due diligence&rdquo; and related activities</li><li>Design and costing of new retirement programs.</li><li>Programming innovative pension administration systems</li><li>Pension benefit calculations for participants</li><li>Union negotiation support and analysis</li><li>Quantitative comparison of comprehensive employee benefit programs for groups of employers</li></ul>Health and Benefits Consulting (H&amp;B)Employer-sponsored health and welfare benefit programs form the foundation of the U.S. health care system. These programs have evolved over time as employers have attempted to manage the changing needs of employees, rising program costs, and the impact of new legislation while supporting their human resource and business strategies.You will have the opportunity to work on a variety of assignments during your internship. Health and Benefits actuaries support consultants and work directly with our clients to develop short and longer-term health and welfare benefit strategies.  This process involves strategic assessments of the health care market and key trends and the identification of new and innovative solutions to employer problems.  The technical and analytical skills H&amp;B actuaries bring to this process are critical to our H&amp;B consulting. Additional activities include:<ul><li>Evaluate plan design and costs relative to various measures and benchmarks with reporting to clients</li><li>Health care budget rate-setting for self-insured plans including the analysis of medical and prescription drug network changes</li><li>Employee contribution rate development and scenario analysis</li><li>Analyze insured plan renewals for appropriateness and carrier bid financial evaluations</li><li>Retiree medical and disability plan valuations</li></ul>Risk ConsultingAon Global Risk Consulting (AGRC) Actuarial &amp; Analytics Practice is the third largest North American Property and Casualty Consulting firm, providing actuarial services to clients for more than 20 years. The practice is comprised of highly skilled and experienced professionals in the risk quantification and analysis field.As an intern within our Risk Consulting practice, you will have the opportunity to work on projects to assess exposure to P&amp;C risk by loss forecasting for budgeting and risk management strategy evaluation, calculating actuarial reserves for financial statement support, providing actuarial opinions for regulatory support, and evaluating total cost of risk for effective financial and risk management solutions.

Job DetailsDescriptionBASIC FUNCTIONThe Actuarial Intern is responsible for general technical work, including data preparation for pension valuations. The Actuarial Intern is also responsible for assisting with the day-to-day activity for assigned clients and other projects. Requires a strong work ethic, strong initiative, and ability to work independently. This is a summer internship.JOB RESPONSIBILITIES<ul><li>Assist in preparation of recurring actuarial valuation and compliance work for qualified retirement plans of assigned clients, including:</li></ul><ul><li>Actuarial funding valuations (corporate or public)</li><li>Accounting valuations</li><li>Government forms preparation</li></ul><ul><li>Assist in the preparation and presentation of materials for clients.</li><li>Provide analysis and assistance on special projects.</li><li>Provide input to actuary and/or consultant on appropriate steps to complete required work.</li><li>Work with the consultant to understand how his or her work fits into the overall project.</li></ul>JOB REQUIREMENTS<ul><li>Pursuing a bachelor's or master's degree (rising Juniors or Seniors (rising or graduating)) in actuarial science, mathematics, statistics, finance.</li><li>No prior work experience required.</li><li>Problem-solving skills.</li><li>No actuarial exams required.</li><li>Must be motivated with strong oral and written communication skills.</li><li>Pursuing actuarial exams with goal of becoming an EA, ASA.</li><li>Strong team player.</li></ul>COMPENSATIONThis position is paid hourly. The person/people hired for this role will be required to work in-person in the Dallas office on a weekly basis, but flexible work arrangements will be discussed.ABOUT MILLIMANMilliman employs more than 3,500 people working in employee benefits, healthcare, life insurance/financial services, and property and casualty insurance. For more than 75 years, the firm has quietly earned a reputation for exceptional services, innovation and quality. Today Milliman is one of the nation’s most highly regarded providers of retirement plan services to the full spectrum of business, financial, government and union organizations.HIRING PRACTICESOur company, with the full support of our Chief Executive Officer, 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, and 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. Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the HR department.#LI-HybridQualificationsSkillsBehaviors:Motivations:EducationExperienceLicenses &amp; Certifications<hr>Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe 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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Actuary Internships Summer 2025 | Job Vacancies & Career Opportunities