Actuarial Intern Spring 2027 (CMH Health)

Milliman • Brookfield, WI

2d • $21 - $46 • Hybrid

About The Position

Milliman’s CMH Health Practice is looking for motivated graduates or current college students pursuing a bachelor’s or master’s degree in actuarial science, math, economics, finance, statistics or another major with quantitative course work to participate in a full-time seasonal (winter-spring) internship with a focus on our Medicare Advantage and Medicare Advantage Part D business areas. We offer competitive pay with the opportunity to work on real world assignments in our vibrant, dynamic, and growing health consulting practice. Candidates should be talented and hard-working individuals with strong math and analytical skills.

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

Nice To Haves

• 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
• Demonstrates integrity in all functions of work
• Excel, programing, and prior internship experience or work is a plus, but not a requirement for this position
• Good academic standing (3.2 grade point average or above is preferred)

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 for Medicare Advantage and Part D plans
• 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
• Responsible for reviewing the work of peers and assisting 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
• Responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions

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.
• Housing stipend may be provided
• Competitive pay
• Prospect of securing a full-time position with Milliman
• Day of actuarial exam sitting is paid time off

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: Associate degree