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Actuarial Intern

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Milliman

Feb 26

Applications are closed

  • Internship
    Part-time
    Summer Internship
  • Banking & Finance
  • New York City
    Remote

Requirements

  • Professional Qualifications:
  • Obtaining a Bachelor’s degree in actuarial science, mathematics/statistics, or another related field.
  • Prior experience in an actuarial role (particularly if related to onshore/offshore reinsurance).
  • Prior experience with deal modeling (e.g., spreadsheet modeling of potential reinsurance transactions).
  • Introductory knowledge of non-U.S. insurance regulations (Bermuda, Cayman Islands).
  • Passed at least four actuarial exams.
  • Personal Qualifications:
  • Desire and ability to interact and communicate effectively (written and oral) with colleagues and clients.
  • Ability to analyze and apply creative problem solving both independently and within a team.
  • Preferred Qualifications:
  • Demonstrated experience/interest in programming or data science, including advanced experience with Microsoft Excel and experience with Microsoft Access / AQL, VBA or other database languages such as Python, SAS, or R.
  • Familiarity with life/health/annuity products, especially variable annuities, indexed annuities, or indexed universal life.
  • Experience working at life/health/annuity insurer, actuarial consulting practice, or investment firm or investment bank servicing the life insurance industry.
  • Familiarity with fixed income assets, equity derivatives, and interest rate derivatives.
  • Familiarity with statutory and US GAAP reporting.
  • Preferred:
  • Bachelors or better in Mathematics or related field.

Responsibilities

  • Develop actuarial projections for life insurance and annuity blocks in MG-ALFA,
  • Review, organize and analyze data (e.g., liability in-force data, mortality and/or lapse experience data),
  • Assist in developing deal models in Microsoft Excel for transaction (i.e., merger, acquisition, financing) assignments,
  • Perform static and dynamic model validations,
  • Assist in preparation of written actuarial reports and opinions,
  • Assist with research projects, and
  • Work independently to complete tasks.

Milliman

It Takes Vision.

Consulting
Industry
1001-5000
Employees
1947
Founded Year

Mission & Purpose

Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947, Milliman has offices in key locations worldwide. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. In addition to consulting actuaries, Milliman’s body of professionals includes numerous other specialists, ranging from clinicians to economists.