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Jobs · Finance · Indiana

Actuarial Analyst Intern (Summer 2027) - Indianapolis Health

Milliman Benelux · Indianapolis, IN · 3 wk ago
On-siteFinanceFull-time

About the Role

Milliman’s Indianapolis Health practice is seeking an Actuarial Analyst Intern (Summer 2027) to join our growing Health and Human Services team, currently supporting actuarial services for 10+ states across the U.S. Interns will work on project(s) and deliver a presentation on their work at the end of the summer. Our flat structure provides ample opportunity for self-motivated actuarial analysts to ask questions, learn fast, interact with leading experts in the field, and take initiative to develop personalized professional goals. Our staff are highly engaged with interns throughout the 11-week experience.

Responsibilities

  • Analyze healthcare cost and utilization data using claims databases
  • Examine benefit plan and insurance pricing
  • Perform experience analysis and reserving
  • Complete technical research and computer modeling
  • Provide financial and statistical analysis
  • Reconcile claims data and project future costs
  • Support ad-hoc client requests
  • Support senior staff in strategic projects such as supporting clients through environmental changes or healthcare reform
  • Prepare and present written reports and oral presentations to communicate analysis results
  • Use emerging tools, including AI-enabled technologies, to support analysis, workflow efficiency, and communication of results

Requirements

  • A desire to expand actuarial skills and be committed to obtaining Fellowship
  • Knowledge of Excel
  • Willingness to learn new software and coding skills (SQL, SAS, VBA, etc.)
  • Time management skills
  • Strong analytical, communication (written and oral), and organizational skills
  • Basic knowledge of Gen AI tools, how to utilize AI to enhance productivity, and potential ethical considerations or concerns
  • Working toward a Bachelor's or Master's Degree in actuarial science, mathematics, statistics, or another related quantitative field

Preferred Qualifications

  • Cumulative GPA of 3.3 or higher
  • Passed, at minimum, 1 Society of Actuaries exam

Internship Highlights

  • 1:1 mentoring with structured feedback from a peer guide and supervisor
  • Exposure to senior consultants and practice leaders
  • Structured opportunities for professional learning and development (e.g., Lunch & Learn Series)
  • Guest speaker series covering a wide range of professional development skills
  • A supportive review process that helps interns strengthen technical and problem-solving skills
  • Housing or housing stipend
  • Social activities – intern-only and practice-wide
  • Cultural excursions – Get to know Indy by visiting iconic sites
  • Conclude the program with a presentation on a business project or problem to leadership and peers
  • Ample opportunity to discuss transition to full-time employment

The Team

The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies. We create dedicated core teams for each state Medicaid agency client that are customized to serve each of our clients’ unique needs. New staff are placed on a dedicated state client team, learning from seasoned consultants. As a member of a state client team, you will observe how we provide comprehensive consulting services spanning multiple disciplines, including actuarial, policy, finance, pharmacy, and data management, all working together to best serve our clients’ needs.

Location

This position is based out of the Milliman office in Indianapolis, IN. Candidates hired into this role must be willing to work onsite full-time.

Benefits

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

About Milliman

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. We help companies address critical and complex issues, including retirement funding, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation. Milliman invests in skills training and career development, providing all employees access to 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 voices. We encourage employees to give back to their professions, including leadership in professional organizations.

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