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Milliman Actuarial Intern in Irvine, California

Description

Short Description

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.

Detailed Description

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.

Role

On a typical assignment, the actuarial intern will be responsible for:

  • Developing spreadsheets

  • 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

  • Rating research

  • Checking work for technical accuracy

    Qualifications

Required:

  • 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:

  • Service oriented

  • Quick learner

  • Team player

  • 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

    Location

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.

Compensation

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.

Qualifications

Behaviors

Preferred

  • 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)

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