Actuarial Intern - Summer 2025 - Western Region Property and Casualty

Who We Are

Independent for more than 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding, mortgage and healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of 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 the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact, and sustainability.

Milliman’s Western Region Property and Casualty practice focuses on developing and introducing insurtech solutions into insurance rating and sales processes, and applying advanced actuarial techniques to develop innovative insurance products for traditional and start-up insurers and the associated state regulatory rate filing support. We also do traditional actuarial work such as ratemaking, reserving, predictive modeling and competitive analysis, plus a variety of special projects.

The Opportunity

Milliman’s Western Region Property and Casualty practice welcomes motivated college students pursuing a bachelor’s or master’s degree to partake in a summer actuarial internship. We offer competitive pay and the opportunity to work on challenging projects with practical on-the-job experience. As a summer intern, you’ll work alongside Milliman consultants who are leading in the property and casualty insurance industry, including those in senior management. You’ll be welcome at professional staff meetings, department meetings, and a variety of practice-wide and intern-specific social events.

Over 10 weeks, you’ll gain exposure to a variety of actuarial functions, such as product development, pricing, and reserving, concluding with the opportunity to present to your Milliman colleagues. You’ll also receive on-the-job mentorship from experienced actuaries, and actionable feedback to grow in your career.

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work supporting new and developing markets. As such, we are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.

Responsibilities may include:

• Input and manipulate data in Excel workbooks
• Perform data analysis using Excel, VBA, SAS, R, Python
• Predictive modeling using GLM and non-linear methods to support rate analyses
• Prepare and submit state regulatory filing support
• Prepare loss reserve analyses
• Populate capital loss model templates
• Coordinate with Consultants and other Analysts as a project team to deliver client reports and deliverables
• Conduct research that supports work for any of our client projects

What We Are Looking For

Professional Qualifications

• At least one actuarial exam passed at the time of application
• Pursuing a degree in actuarial science, mathematics, or a related major with quantitative coursework (must be enrolled in a bachelor’s or master’s program at the time of the internship to qualify)
• Experience using MS Excel, Word, PowerPoint, Outlook, and Teams
• Experience using SAS, R, SQL or Python and/or other modeling or coding languages preferred
• Prior internship(s) or related work experience preferred

Personal Qualifications

• Strong communication skills – both in-person and written – in order to successfully collaborate with colleagues and clients
• Analytical thinking skills, considering downstream impact
• Can complete project-related tasks, meet deadlines, and comply with quality control procedures
• Demonstrates professionalism and integrity in all functions of work
• Self-starter, takes initiative to do more
• Works well independently and within a team, as well as when working virtually and remotely
• Ambition and excitement for professional development in the actuarial field
• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
• Inspired to perform well by the ability to contribute to the success of a project or organization
• St