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Jobs · Finance · Wisconsin

Actuarial Intern Summer 2027 (CMH Health)

Milliman · Brookfield, WI · 1 mo ago
On-siteFinance$21–$46/hrFull-time

Join Milliman’s CMH Health Practice for a summer actuarial internship. We offer competitive pay and the opportunity to work on real-world assignments in our vibrant, dynamic, and growing health consulting practice.

About the role

This summer internship requires candidates to work four days per week (Monday through Thursday) at one of our three CMH Health office locations (Chicago, Illinois; Milwaukee, Wisconsin; or Hartford, Connecticut). Friday is an optional work-from-home day.

What you’ll do

  • Perform data analysis using Excel, VBA, SAS, Python, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare Advantage and Part D, Commercial / ACA, Medicaid, Long-Term Care, Pharmacy, Provider, and more).
  • Participate in consulting activities including pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions.
  • Review the work of peers and assist with research and product development.
  • Coordinate with consultants, managers, professional staff, and interns as a project team to present client reports and deliverables.
  • Handle the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions.

What the internship provides

  • Challenging assignments with practical on-the-job experience.
  • Opportunity to work alongside leading experts within the healthcare industry.
  • Exposure to a variety of actuarial functions, including experience studies, valuation, pricing, model development, and forecasting.
  • Development of technical skills with platforms such as Excel, VBA, Python, and SAS.
  • Attendance at professional staff meetings and department meetings.
  • Paid time off for exam sitting days.
  • Mentorship from experienced actuaries.
  • Housing stipend may be provided.
  • Prospect of securing a full-time position with Milliman.

Requirements

  • Pursuing a bachelor’s or master’s degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative coursework.
  • At least one actuarial exam passed.
  • Must be able to work onsite at least four days (Monday through Thursday) per week at one of our three CMH Health office locations (Chicago, Illinois; Milwaukee, Wisconsin; or Hartford, Connecticut).
  • Junior standing is preferred; will accept sophomore standing at time of application.
  • Academic exposure to Microsoft Excel and basic actuarial concepts.
  • Legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

Qualifications

  • Good academic standing (3.2 grade point average or above is preferred).
  • Previous internship or relevant work experience.
  • Leadership experience and involvement in extracurricular activities.
  • Experience working with SAS, VBA, or other coding languages is advantageous.
  • Strong communication skills (both verbal and written).
  • Detail-oriented self-starter with an entrepreneurial spirit.
  • Analytical thinking skills to evaluate analyses for downstream impact.
  • Ability to complete project deliverables, meet deadlines, and ensure compliance with quality procedures.
  • Strong time management skills.
  • Ability to work independently and in a team environment.
  • Demonstrates integrity in all functions of work.

Pay

The overall range for this role is $21 - $46 per hour. 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 per hour. All other locations have a range of $21 - $37 per hour. A combination of factors will be considered, including education, relevant work experience, qualifications, skills, and certifications.

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.
  • Pre-tax savings for eligible transit and parking expenses.

Schedule

Four days per week onsite (Monday through Thursday) at one of our three CMH Health office locations (Chicago, Illinois; Milwaukee, Wisconsin; or Hartford, Connecticut). Friday is an optional work-from-home day.

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