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2027 Actuarial Summer Internship – Minneapolis (Hybrid/Remote)

Milliman · Eden Prairie, MN · 1 mo ago
RemoteRemoteTraining$23–$46/hrFull-time

About the role

This 2027 Actuarial Summer Internship position will assist in completing projects related to health insurance, long-term care insurance, and/or related predictive modeling for the Minneapolis Health and Life practice using data processing and actuarial modeling software to support clients’ needs. The role requires a full-time commitment of 40 hours per week for approximately 3 months.

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. We help companies address critical issues such as retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Milliman invests in skills training and career development and provides employees access to learning and mentoring opportunities. Our Milliman Employee Resource Groups (ERGs) are employee-led communities that influence policy decisions, develop future leaders, and amplify constituent voices. Employees are encouraged to give back to their professions, including leadership in professional organizations. Visit Milliman’s social impact page to learn more about commitments to people, inclusion, and sustainability.

What You Will Do

  • Problem-solve using spreadsheets, databases, and other resources to clean, synthesize, and/or analyze data and information
  • Communicate results to peers and project leaders
  • Review the work of peers
  • Prepare and document project files
  • Assist with research and business development projects
  • Gain experience working with healthcare data using a variety of software applications

Professional Qualifications

  • Minimum current GPA of 3.0; preference to candidates with 3.5 or higher
  • Pursuing a degree in actuarial science, statistics, mathematics, or a related field
  • Working knowledge of spreadsheet and word processing software
  • Strong analytical and problem-solving skills
  • Effective communication skills, with the ability to explain complex technical concepts to diverse audiences

Personal Qualifications

  • Excellent attention to detail
  • Ability to learn existing processes quickly
  • Ability to apply knowledge and concepts to a variety of different tasks
  • Strong organizational abilities and time-management skills

Preferred Qualifications

  • Passed at least one actuarial exam
  • Experience with healthcare or health data
  • Working knowledge of database applications such as Access and VBA
  • Computer and statistical programming experience with SAS, Python, and/or R
  • Experience with cloud computing
  • Ability to work independently
  • Graduating within 12 months after the internship from an accredited university

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

The Minneapolis Health and Life practice consists of healthcare and long-term care insurance professionals who provide clients with industry-leading consulting services and develop innovative products that complement our consulting work. We are an expanding group experienced in industries that continuously change and evolve. Our office fosters an open and collaborative environment to support professional growth. The actuarial team engages in cutting-edge work that delivers accurate, easily interpreted business results for clients. Employees balance independent work with collaboration, working closely with analysts, actuaries, and subject matter experts to ensure solutions are both accurate and address the correct client needs.

Location

This role is based out of the Milliman office in Minneapolis, Minnesota. Candidates may work remotely anywhere in the U.S. or in the office on a flexible, weekly basis.

Compensation

The overall salary range for this role is $23 – $46 per hour. For candidates residing in Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia, the range is $23 – $46. For New York City, Newark, San Jose, or San Francisco, the range is $23 – $46. For all other locations, the range is $21 – $37. A combination of factors including education, relevant work experience, qualifications, skills, and certifications will be considered. This is a non-exempt, overtime-eligible role.

Benefits

  • Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges
  • 401(k) Plan – Eligibility begins after 1,000 hours worked within 12 consecutive months; includes company matching and profit-sharing contributions
  • Paid Time Off (PTO) – Begins accruing on the first day of work; interns earn 1 hour of PTO for every 30 hours worked
  • Transportation – Pre-tax savings for eligible transit and parking expenses

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