Summer 2026 Actuarial Intern - Atlantic Region Property and Casualty (hybrid)

Who We Are

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, diversity and inclusion, social impact and sustainability: https://www.milliman.com/en/socialimpact

The Atlantic Region Property and Casualty (P&C) practice, with locations in Boston MA and Burlington VT, provides actuarial consulting services on a range of projects across the insurance, reinsurance, insurance-linked securities (ILS) and alternative-risk markets. We work with a diverse set of clients including self-insured corporations, commercial insurance companies, governmental agencies, risk pools, and financial investors. Using a variety of Milliman products and practice-built tools, we look to establish and develop the cutting edge of actuarial practice in each of our professional niches, and provide our clients with trusted partnership and advice to advance the financial well-being of people everywhere.

The team is a focused and tight-knit group, working together across multiple locations. Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team, from Analysts to the Principals who serve as client leads. While most of our team's time is spent working with members of the practice, we also have assignments that are completed in partnership with other Milliman offices around the world.

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.

What You Will Do

On a day-to-day basis, the Actuarial Intern will work closely with project team members to execute key analyses for ongoing projects. They will be given opportunity to produce high-quality analytical work while also showing professionalism and strong communication skills when interacting with colleagues, up to and including senior Principals of the firm. Much of the Intern's work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open additional opportunities for impactful client assignments and advancement.

The Atlantic Region P&C practice welcomes interns each summer, but may also have work during the fall and/or spring semester(s), depending on availability. When applying, you will be asked to estimate your upcoming availability for work.

Internship Highlights

• 1:1 mentoring
• Interact with actuarial consultants and practice leaders, on projects and socially
• Connect with other interns and Milliman leadership through firm-wide virtual Lunch & Learn series
• Opportunity to present on a business project or problem to leadership and peers

What We Are Looking For

Professional Qualifications

• A minimum of one actuarial exam passed at the time of application, and interested in pursuing a credential from the CAS
• 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)
• Substantial expertise with MS Excel and Word

Individual(s) must be legally authorized to work in the United States without the need for any immigration support or sponsorship from Milliman now or in the future.

Personal Qualifications

• Strong critical thinking, technical, and analytical skills
• Close attention to detail
• The ability to work collaboratively and organize various client needs in a fast-paced environment
• The ability and willingness to clearly articulate questions and ideas
• Clearly demonstrated leadership and creative thinking abilities
• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
• Enthusiasm for producing high-quality, professional work with accuracy and integrity
• Inspired to contribute to the success of a project and succeed as a team
• Self-starter, with excellent time management skills including collaboration across time zones

Preferred Qualifications

• Two or more passed actuarial exams
• Some experience with computer programming
• Expertise with statistical and modeling tools such as R, @Risk, VBA, Python, SAS, STATA, etc.
• Working knowledge of supplemental database and professional working tools such as Access and PowerPoint

As part of your application, you will be asked to provide your current resume, cover letter, and college transcript.

Location

This is a hybrid position - candidates must be willing to work onsite a minimum of three days per week, based out of either the Milliman Boston office (Wakefield, MA) or Vermont office (Burlington, VT). A summer housing stipend will be available. This position is expected to be full-time at 37.5 hours per week for 10-12 weeks, beginning in May or June 2025. The expected application deadline for this job is April 10, 2026.

Compensation

The overall range for this role is $21 - $46. For candidates residing in:

• Massachusetts the range is $23 - $46.
• Vermont the 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.

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