2026 Actuarial Summer Internship – Minneapolis (Hybrid/Remote)

The 2026 Actuarial Summer Internship position will assist in completing projects related to health insurance, long-term care insurance, and/or related predictive modeling for the Minneapolis Health and Life practice using data processing and actuarial modeling software to support our clients’ needs. This position requires a full-time commitment of 40 hours per week for approximately 3 months.

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 (https://www.milliman.com/en/social-impact) 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.

What You Will Do

In this role, you will:

• Problem-solve using spreadsheets, databases, and other resources to clean, synthesize, and/or analyze data and information
• Communicate results to peers and project leaders
• Review the work of your peers
• Prepare and document project files
• Assist with research and business development projects
• Gain valuable experience working with health care data using a variety of software applications

What We Are Looking For

Professional Qualifications:

• Minimum current GPA of 3.0 but preference to candidates with a 3.5 or higher
• Pursuing a degree in actuarial science, statistics, mathematics, or related field
• Working knowledge of spreadsheet and word processing software
• Strong analytical and problem-solving skills
• Effective communication skills, with the ability to express complex technical concepts verbally and in writing to diverse audiences

Personal Qualifications:

• Excellent attention to detail
• Ability to learn existing processes quickly
• Ability to apply knowledge and concepts to a variety of different tasks
• Strong organizational abilities and time-management skills

Preferred Qualifications:

• Passed at least one actuarial exam
• Experience with healthcare or health data
• Working knowledge with database applications such as Access, VBA
• Computer and statistical programming experience, SAS, Python, and/or R
• Experience with cloud computing
• Ability to work independently
• Will be graduating no later than June 2027 from an accredited university

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

The Team

The Minneapolis Health and Life practice is composed of healthcare and long-term care insurance professionals who provide our clients with industry-leading consulting services. We also develop and maintain innovative products that complement our consulting services. We are an expanding group with experience leading the way in industries that continuously change and evolve. Our office encourages an open and collaborative work environment to help our professionals grow and thrive.

The actuarial team is involved in work that supports all areas of the practice. The analyses and techniques used are cutting edge while providing clients with accurate and easily interpreted business results. Employees balance working independently and collaborating with other team members. Analysts, actuaries, and subject matter experts work closely together to ensure solutions are both accurate and solve the correct problem for the client.

Location

The expected Application deadline for this job is September 30, 2025.

This role is based out of the Milliman office in Minneapolis, Minnesota, but candidates hired into this role may either work remotely anywhere in the US or in the office on a weekly basis with flexible work arrangements.

Compensation

The overall salary range for this role is $21 – $45. For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia the salary range is $23 – $41
• New York City, Newark, San Jose, or San Francisco the salary range is $25 – $45
• 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.