Current jobs related to Actuarial Intern Spring 2025 - Chicago - Milliman

  • Actuarial Intern

    1 month ago

    chicago, United States Old Republic General Insurance Group Full time

    Job Title: Actuarial InternDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILTerm: 8-12 Weeks About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently ranks among the Fortune 500 list...

  • Actuarial Intern

    2 weeks ago

    Chicago, United States Old Republic General Insurance Group Full time

    Job Title: Actuarial InternDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILTerm: 8-12 Weeks About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently ranks among the Fortune 500 list...

  • Actuarial Intern

    2 months ago

    Chicago, United States Old Republic General Insurance Group Full time

    Job Title: Actuarial InternDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILTerm: 8-12 Weeks About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently ranks among the Fortune 500 list...

  • Actuarial Intern

    2 months ago

    chicago, United States Old Republic General Insurance Group Full time

    Job Title: Actuarial InternDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILTerm: 8-12 Weeks About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently ranks among the Fortune 500 list...

  • Actuarial Intern

    3 weeks ago

    Chicago, United States Berkshire Hathaway Specialty Insurance Full time

    Are you looking for a place that truly values and accepts differences of perspectives and understands that winning together builds a stronger organization?Are you looking for an organization that is a powerful platform driven by exceptional people, and one where you can be recognized and rewarded for individual excellence in a team framework?Are you looking...

  • Actuarial Development Opportunity

    2 weeks ago

    Chicago, Illinois, United States Old Republic General Insurance Group Full time

    About Old Republic General Insurance GroupOld Republic General Insurance Group is a leading provider of insurance solutions for businesses and individuals. With a rich history dating back to 1923, we have established ourselves as a trusted partner in the industry.Actuarial Intern ResponsibilitiesAs an Actuarial Intern, you will have the opportunity to work...

  • Actuarial Development Associate

    1 month ago

    Chicago, Illinois, United States Old Republic General Insurance Group Full time

    About Old Republic International CorporationOld Republic International Corporation is a leading insurance company with a rich history dating back to 1923. As one of America's 50 largest shareholder-owned insurance businesses, we are proud to be ranked among the Fortune 500 list of the Nation's biggest companies.Our company is primarily a commercial lines...

  • Actuarial Analyst

    1 month ago

    chicago, United States Old Republic General Insurance Group Full time

    Job Title: Actuarial AnalystDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILInterviews: Virtual will take place Sept-Nov 2024About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently...

  • Actuarial Analyst

    2 weeks ago

    chicago, United States Old Republic General Insurance Group Full time

    Job Title: Actuarial AnalystDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILInterviews: Virtual will take place Sept-Nov 2024About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently...

  • Actuarial Analyst

    1 month ago

    Chicago, United States Old Republic General Insurance Group Full time

    Job Title: Actuarial AnalystDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILInterviews: Virtual will take place Sept-Nov 2024About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently...

  • Actuarial Analyst

    1 month ago

    Chicago, Illinois, United States Old Republic General Insurance Group Full time

    Actuarial Analyst Job DescriptionOld Republic International Corporation is seeking a highly skilled Actuarial Analyst to join our Actuarial Management Company (ORAMCO) team. As an Actuarial Analyst, you will play a critical role in assisting our team of actuaries with pricing analyses and reserve analyses for various property-casualty commercial lines.Key...

  • Actuarial Analyst

    1 month ago

    Chicago, Illinois, United States Old Republic General Insurance Group Full time

    Actuarial Analyst OpportunityOld Republic International Corporation is seeking a highly skilled Actuarial Analyst to join our Actuarial Management Company (ORAMCO) team. As an Actuarial Analyst, you will play a critical role in assisting our team of actuaries with pricing analyses and reserve analyses for various property-casualty commercial lines.Key...

  • Actuarial Analyst

    2 weeks ago

    Chicago, Illinois, United States Old Republic General Insurance Group Full time

    About Old RepublicOld Republic International Corporation has a rich history dating back to 1923. As one of America's 50 largest shareholder-owned insurance businesses, we rank among the Fortune 500 list of the nation's biggest companies. Our primary focus is on commercial lines underwriting, serving the insurance needs of numerous organizations, including...

  • Director, Actuarial

    2 months ago

    Chicago, United States Kemper Full time

    Location(s)Chicago, IllinoisDetailsKemper is one of the nation’s leading specialized insurers. Our success is a direct reflection of the talented and diverse people who make a positive difference in the lives of our customers every day. We believe a high-performing culture, valuable opportunities for personal development and professional challenge, and a...

  • Actuarial Analyst

    1 week ago

    Chicago, Illinois, United States First Chicago Insurance Company (FCIC) Full time

    Product and Actuarial Analysis InternshipFirst Chicago Insurance Company (FCIC) is seeking a highly motivated and detail-oriented intern to join their Product and Actuarial Analysis department. As an intern, you will gain hands-on experience in a dynamic working environment and be exposed to a variety of product and actuarial projects and techniques.Key...

  • Actuarial Development Specialist

    2 weeks ago

    Chicago, Illinois, United States Old Republic General Insurance Group Full time

    Actuarial Analyst Job DescriptionOld Republic International Corporation is seeking a highly skilled Actuarial Analyst to join our Actuarial Management Company (ORAMCO) team. This is an excellent opportunity to enter our Actuarial development track and work with a high-performing Actuarial department within a reputable organization.Responsibilities:Assist a...

  • Actuarial Consultant

    2 weeks ago

    Chicago, Illinois, United States Fidelity Investments Full time

    Job Overview:Fidelity Investments is seeking an experienced actuarial consultant to join our team. As a key member of our Workplace Consulting Group, you will provide expert advice to clients on the management of their domestic benefits.The Role:As an actuarial consultant, you will be responsible for:Providing actuarial services to clients, including pension...

  • Actuarial Development Program

    4 weeks ago

    Chicago, Illinois, United States Liberty Mutual Full time

    Unlock Your Potential in Actuarial ScienceAre you passionate about analyzing financial risks and uncertainties? Do you want to drive innovation and growth in the insurance industry? We're seeking highly motivated and talented individuals to join our Actuarial Development Program as Actuarial Interns.About the RoleAs an Actuarial Intern, you'll play a vital...

  • Actuarial Consultant

    2 weeks ago

    Chicago, Illinois, United States Aon Full time

    Unlock Your Potential as an Actuarial Consultant at AonAon's Strategy and Technology Group (STG) is seeking a talented actuarial/data science professional to join their team and contribute to the development of their actuarial advisory business focused on clients in the insurance and reinsurance industries.About the RoleThis is a unique opportunity to be a...

  • Actuarial Consultant

    4 weeks ago

    Chicago, Illinois, United States Ascensus Full time

    Job SummaryWe are seeking a highly skilled Actuarial Consultant to join our team at Ascensus. As a key member of our team, you will be responsible for providing expert actuarial services to our clients, including risk management, budget planning, and plan design analysis.Key ResponsibilitiesLead client relationships and provide actuarial guidance on pension...

Actuarial Intern Spring 2025

2 months ago

Chicago, United States Milliman Full time
Exciting Spring 2025 internship opportunities

Join our CMH Health Practice

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 partake 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.

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 and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Time Commitment

This internship will be a full-time seasonal position that requires significant time commitment and is not typically completed at the same time as college coursework. We are ideally looking to fill these positions with individuals who will be available to work during standard business hours and willing to work extended full-time hours (at least 40+ hours/week, along with extended hours, at times of 50+ or 60+ hours per week). This role is eligible for overtime and any hours worked over 40 per week will be paid at time and one-half the hourly rate. The preferred start and end dates are mid-January 2025 to mid-June 2025 depending on business need.

Our Internship Provides You

  • Challenging assignments with practical on the job experience
  • Real world experience working during our busiest season (January thru June)
  • Competitive pay and high earning potential with the opportunity to work overtime and receive time and a half
  • Work alongside some of the leading experts within the Medicare Advantage and Part D (MA-PD) healthcare industry
  • Exposure to relevant case studies through our CMH Health training program which focuses on teaching basic and applicable concepts of the MA-PD program
  • Within the MA-PD segment of our practice, exposure to a variety of actuarial functions, including experience studies, valuation, pricing, model development, and forecasting
  • An opportunity to work alongside Milliman's premier MA-PD actuarial consultants, including those in senior management
  • Development of your technical skills with platforms such as Excel, VBA, Python, and SAS
  • Attendance at professional staff meetings and department meetings
  • For those on an actuarial track, day of actuarial exam sitting is paid time off
  • Mentorship from experienced actuaries
  • Housing stipend may be provided
  • Competitive pay
  • Prospect of securing a full-time position with Milliman


Job 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


Minimum 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 2025 to mid-June 2025 (40+ hours/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


Competencies and Behaviors that Support Success in this Role

  • Good academic standing (3.2 grade point average or above is preferred)
  • 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
  • Ambition and excitement for professional development
  • 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


The Team

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues-from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.

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.

Compensation: The range is $19-$36 per hour, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.

Location: It is preferred that candidates work on-site at our Brookfield, WI, Chicago, IL, or Hartford, CT office, however, remote candidates will be considered.

Application: To be considered for this role, please upload an updated resume in PDF format.

#LI-CS1

Benefits:

  • When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit-sharing contribution
  • Employee Assistance Program (EAP)
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Interns, Temporary, and Seasonal Employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked


The expected application deadline for this job is January 15, 2025.

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)