Actuarial Intern

Milliman • New York, NY

8h • $21 - $46 • Remote

About The Position

Independent for over 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 and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Please visit our web site ( https://www.milliman.com/en/social-impact ) to learn more about Milliman’s commitments to our people, inclusion, and sustainability. 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 (ERG’s) 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. Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance. What You Will Do In this role, you will: Develop actuarial projections for life insurance and annuity blocks in MG-ALFA/Integrate Review, organize and analyze data (e.g., liability in-force data, mortality and/or lapse experience data) Assist in developing deal models in Microsoft Excel for transaction (i.e., merger, acquisition, financing) assignments Perform static and dynamic model validations Assist in preparation of written actuarial reports and opinions Assist with research projects Work independently to complete tasks What We Are Looking For Professional Qualifications Pursuing a bachelor’s degree in actuarial science, mathematics/statistics, or finance Prior insurance experience in professional setting Demonstrated experience/interest in programming or data science, including experience with Microsoft Excel and experience with Microsoft Access / AQL, VBA or other database languages such as Python, SAS or R Has at least two actuarial exams passed (either SOA or CAS) with the expectation to continue sitting for actuarial exams Desire and ability to interact and communicate effectively (written and oral) with colleagues and clients Ability to analyze and apply creative problem solving both independently and within a team Preferred Qualifications Familiarity with life/health/annuity products, especially variable annuities, indexed annuities, or indexed universal life Experience working at life/health/annuity insurer, actuarial consulting practice, or investment firm or investment bank servicing the life insurance industry Familiarity with fixed income assets, equity derivatives, and interest rate derivatives. Familiarity with statutory and US GAAP reporting Location The expected application deadline for this job is February 7, 2026. Candidates hired in this role will be full-time remote. Compensation The overall hourly 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 salary range is $23 - $46. All other locations the salary range is $21 - $37. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc Benefits We offer competitive benefits which include the following based on plan eligibility: Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges. 401(k) Plan – When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions. Paid Time Off (PTO) – Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked. Transportation – Pre-tax savings for eligible transit and parking expenses. Equal Opportunity   All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

Requirements

• Pursuing a bachelor’s degree in actuarial science, mathematics/statistics, or finance
• Prior insurance experience in professional setting
• Demonstrated experience/interest in programming or data science, including experience with Microsoft Excel and experience with Microsoft Access / AQL, VBA or other database languages such as Python, SAS or R
• Has at least two actuarial exams passed (either SOA or CAS) with the expectation to continue sitting for actuarial exams
• Desire and ability to interact and communicate effectively (written and oral) with colleagues and clients
• Ability to analyze and apply creative problem solving both independently and within a team

Nice To Haves

• Familiarity with life/health/annuity products, especially variable annuities, indexed annuities, or indexed universal life
• Experience working at life/health/annuity insurer, actuarial consulting practice, or investment firm or investment bank servicing the life insurance industry
• Familiarity with fixed income assets, equity derivatives, and interest rate derivatives.
• Familiarity with statutory and US GAAP reporting

Responsibilities

• Develop actuarial projections for life insurance and annuity blocks in MG-ALFA/Integrate
• Review, organize and analyze data (e.g., liability in-force data, mortality and/or lapse experience data)
• Assist in developing deal models in Microsoft Excel for transaction (i.e., merger, acquisition, financing) assignments
• Perform static and dynamic model validations
• Assist in preparation of written actuarial reports and opinions
• Assist with research projects
• Work independently to complete tasks

Benefits

• Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
• 401(k) Plan – When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
• Paid Time Off (PTO) – Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
• Transportation – Pre-tax savings for eligible transit and parking expenses.

What This Job Offers

• Career Level: Intern