Actuarial Intern Spring 2027 (CMH Health)

About the role

Milliman’s CMH Health Practice is seeking motivated graduates or current college students to participate in a full-time seasonal internship focusing on Medicare Advantage and Medicare Advantage Part D business areas. The internship runs from mid-January 2027 to mid-June 2027.

Responsibilities

• Perform data analysis using Excel, VBA, SAS, Python, and proprietary Milliman programs to assist with consulting in Medicare Advantage and Part D Pricing and analysis.
• Provide medical, dental, and/or pharmacy benefit design strategy support for insurance carriers.
• Participate in consulting activities including pricing, reserving, financial, projections, and mergers and acquisitions.
• Review the work of peers and assist with research and product development.
• Coordinate with Consultants, Managers, Professional Staff, and fellow Interns as a project team to analyze claims data, quantify the cost of insurance coverage, and model payment scenarios for clients.
• Complete the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions.

Requirements

• Pursuing a bachelor’s or master’s degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work.
• Junior standing is preferred but not required. Freshmen and sophomores will also be considered.
• Must be able to work full-time from mid-January 2027 to mid-June 2027 (40+ hours per week along with extended hours, at times of 50+ or 60+ hours per week).
• For those on an actuarial track, at least one actuarial exam passed is preferred, but not required.

Qualifications

• Ambition and excitement for professional development.
• Good academic standing (3.2 grade point average or above is preferred).
• Previous internship or relevant work experience.
• Leadership experience and involvement in extra-curricular activities.
• Experience working with SAS, VBA, or other coding languages is advantageous.
• Strong communication skills (both verbal and written).
• A detail-oriented self-starter with an entrepreneurial spirit.
• Ability to work on multiple types of projects at one time.
• Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures.
• Analytical thinking skills to evaluate analyses for downstream impact.
• Strong time management skills.
• Ability to work independently and in a team environment.

Skills

• Excel
• VBA
• SAS
• Python
• Proprietary Milliman programs

Benefits

• Employee Assistance Program (EAP)
• 401(k) Plan
• Paid Time Off (PTO)
• Transportation

Pay

The overall range for this role is $21 - $46. For candidates residing in: Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia the range is $23 - $46. All other locations the range is $21 - $37.

Schedule

This internship will be a full-time seasonal position that requires significant time commitment and is not typically completed at the same time as college coursework. The preferred start and end dates are mid-January 2027 to mid-June 2027 depending on business need.

Location

It is preferred that candidates work on-site at our Brookfield, WI, Chicago, IL, or Hartford, CT office, however, remote candidates will be considered. If you decide to work on-site, you will be required to work at least three days (60% of the time) per week in any one of our three CMH Health office locations.

Application Deadline

The expected application deadline for this job is January 17, 2027.