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 (winter-spring) internship focusing on Medicare Advantage and Medicare Advantage Part D business areas.

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 inspired to contribute to the success of any project.
• 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
• Python
• SAS

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. We are ideally looking to fill these positions with individuals who will be available to work during standard business hours and willing to work extended full-time hours (at least 40+ hours per week, along with extended hours, at times of 50+ or 60+ hours per week).

Benefits

• Milliman offers a housing stipend may be provided.
• Competitive pay and high earning potential with the opportunity to work overtime and receive time and a half.
• Opportunity to work alongside Milliman’s premier MA-PD actuarial consultants, including those in senior management.
• Development of your technical skills with platforms such as Excel, VBA, Python, and SAS.
• Attendance at professional staff meetings and department meetings.

Location

The preferred location is 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.