Business Internships

Sponsored by The Hubbard Center for Student Engagement

Milliman Actuarial Student Intern in Indianapolis, Indiana


Business Overview:

Milliman's Indianapolis healthcare consulting practice provides consulting services to a broad array of clients in the healthcare field with primary focus on Medicaid and Pharmaceutical consulting. We are looking for an actuarial intern to assist consulting actuaries with the development and use of actuarial models for pricing, reserving, and forecasting. This position provides excellent opportunities for professional development and advancement.

The successful candidate will review, organize and analyze statistical data; develop and utilize actuarial models; analyze healthcare costs and utilization data; implement software solutions under actuaries’ supervision.

The candidate will also work with consulting actuaries to develop and utilize actuarial models, analyze healthcare cost and utilization data, complete actuarial calculations, and implement software solutions.

Milliman, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age, protected veteran status, disability status, or other characteristics protected by law.

Position Description:

  • Analyze healthcare cost and utilization data using spreadsheets and databases

  • Review, organize and analyze statistical data using Excel, R, SQL and SAS

  • Perform Experience analysis and reserving

  • Complete Technical research and computer modeling

  • Provide Financial and statistical analysis

  • Reconcile claims data and project future costs

  • Supporting more senior staff in strategic projects including assisting clients to navigate the changes in the US healthcare system created by the national healthcare reform laws

Minimum Qualifications:

  • Currently enrolled in a Bachelor’s degree program in actuarial science, mathematics, or another major with quantitative course work

  • At least a Junior (i.e. will graduate within 1 year of internship)

  • Outstanding academic record

  • At least 1 Society of Actuaries exam passed

  • A desire to expand actuarial skills and be committed to obtaining Fellowship

  • Knowledge of Excel

  • Knowledge or training in computer programming language a plus

  • SAS, SQL and/or VBA experience is particularly useful

  • Ability to quickly learn new software programs.

  • Strong time management skills

  • Strong analytical, communication (written and oral), and organizational skills

  • Excellent people skills with the career goal to be an actuarial consultant

  • Results-driven orientation

  • Willingness and aptitude for detail work

  • Enthusiastic; helpful attitude.

  • Ability to prioritize work and meet deadlines




  • Enthusiastic: Shows intense and eager enjoyment and interest

  • Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well



  • Growth Opportunities: Inspired to perform well by the chance to take on more responsibility

  • Goal Completion: Inspired to perform well by the completion of tasks



  • Bachelors or better in Actuarial Science



  • At least 1 Society of Actuaries exam passed


  • Previous actuarial or related internship experience is a plus

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.