Actuarial Intern

Milliman’s Employee Benefits Consulting Practice is seeking a motivated college student for a part-time internship from September 2026 to June 2027. This role is required to be in-office at our Little Falls, NJ location, working 10-15 hours per week starting September 8th, 2026. We are flexible with college students’ schedules and encourage applicants who can balance academic commitments with professional experience.

About the Company

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, career development, and provides access to learning and mentoring opportunities. Our employee-led Milliman Employee Resource Groups (ERGs) influence policy decisions, develop future leaders, and amplify diverse voices. We encourage professional leadership and community engagement.

Our team includes actuaries, clinicians, technology specialists, plan administrators, and more, offering expertise in employee benefits, investment consulting, healthcare, life insurance, financial services, and property and casualty insurance.

Responsibilities

• Prepare basic actuarial and financial calculations and other client deliverables.
• Perform data analysis using Excel and proprietary Milliman programs to assist with consulting for various employee benefits work areas.
• Collaborate within a project team, including consultants, project managers, analysts, and other interns, to deliver client reports and deliverables.
• Support senior staff in various projects.

Requirements

• Currently pursuing a bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, or another major with quantitative coursework.
• Recommended for current juniors.
• A minimum of one SOA exam passed.
• Previous internship or work experience with an actuarial firm is preferred, including with Milliman.
• Experience with financial monitoring reports, data review, and trend analysis.
• Experience maintaining accurate reporting records and tracking client deliverables.
• Proficiency in Microsoft Excel (including formulas, pivot tables, and basic modeling).
• Strong analytical and problem-solving skills with attention to detail.
• Effective communication and collaboration abilities.
• Strong time management skills and ability to handle multiple tasks efficiently.

About the Team

The Employee Benefits Consulting practice delivers innovative actuarial and consulting solutions across diverse industries, serving both active employees and retirees. As an intern, you will work alongside experienced professionals, gain hands-on experience, and contribute to meaningful projects.

Location

This role is required to work on-site at the Milliman office in Little Falls, New Jersey.

Pay

The salary range for this role is $21.00 - $46.00 per hour, depending on education, relevant work experience, qualifications, skills, certifications, and location.

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): Accrues from 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.