Actuarial Intern - EB Consulting

Milliman • Little Falls, NJ

17h • $21 - $46 • Hybrid

About The Position

Milliman’s Employee Benefits Consulting Practice is seeking motivated college students for a full-time summer 2027 internship. The internship is a 10-week program, starting June 1st and ending August 5th. This role offers a chance to grow professionally and develop technical skills in the actuarial field. Ideal candidates will have a passion for actuarial science, strong technical abilities, excellent communication and interpersonal skills, and a self-driven attitude. Success in our practice is fueled by intellectual curiosity, teamwork, and a passion for learning. If you are eager to take on challenges and build a foundation for your actuarial career, we encourage you to apply.

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.

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. Please visit our web site () to learn more about Milliman’s commitments to our people, inclusion, and sustainability.

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.

Requirements

• Currently pursuing a bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, or another major with quantitative coursework.
• Recommended for rising seniors, but applications for rising juniors will be accepted.
• Experience with spreadsheets, with proficiency in Microsoft Excel preferred (including formulas, pivot tables, and basic modeling).
• Must reside within 50 miles of an EBC office location and able to be in office twice a week: Seattle, WA, Portland, OR, Dallas, TX and Little Falls, NJ.
• Genuine interest in building actuarial skills and experience.
• Effective communication skills and collaboration abilities.
• Strong analytical and problem-solving skills with attention to detail.
• Strong time management skills, and ability to handle multiple tasks efficiently.
• Ability to work independently and in a team environment.
• Demonstrates integrity in all functions of work.

Nice To Haves

• No SOA exams passed are required but preferred.
• Prior internship(s) or actuarial-related work experience is beneficial.

Responsibilities

• Provide support and assistance to our actuarial consultants.
• Gain hands-on experience in preparing basic actuarial calculations, government form filings, and other client deliverables.
• Reconcile claims data, project future costs, perform claims reserve calculations, price plan design changes, and support postretirement health valuations.
• Perform data analysis using Excel, ProVal, and proprietary Milliman programs to assist with consulting for various employee benefits work areas.
• Collaborate within a project team, including consultants, project managers, analysts, and other interns, to deliver client reports and deliverables.
• Support senior staff in various projects.

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

• Job Type: Full-time
• Career Level: Intern