Milliman Actuarial Intern in Irvine, California
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.
Independent for over 70 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.
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.
Who We Are
Our office focuses on developing and introducing InsurTech solutions into insurance rating and sales processes, and applying advanced actuarial techniques to develop innovative insurance products for traditional and start-up insurers and the associated state regulatory rate filing support. We also do traditional actuarial work such as ratemaking, reserving, predictive modeling and competitive analysis, plus a variety of special projects.
On a typical assignment, the actuarial intern will be responsible for:
Inputting and manipulating data
Performing 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
Checking work for technical accuracy
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:
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
This position will be based out of the Milliman office in Orange County, but applicants can work remotely from home or from another Milliman office such as Dallas, Pasadena, San Francisco, or Seattle.
Actuarial interns are offered a competitive hourly rate that may vary with the candidate’s qualifications and experience. In addition, for our permanent employees, we offer a significant performance-based bonus plan, profit sharing, competitive benefits, and an actuarial student study program.
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.
Team Player: Works well as a member of a group
Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
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)