Actuarial Intern Spring 2025 (CMH Health)

at MILLIMAN, INC. in Chicago, Illinois, United States

Job Description

Description

Exciting Spring 2025 internship opportunities!
Join our CMH HealthPractice!
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 WeAre
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 activitiesincludingpricing, reserving, financial, projections, and mergers and acquisitions
Responsible for reviewing the work ofpeersand assisting with research and product development
Coordinate with Consultants, Managers, Professional Staff, and fellow... For full info follow application link.

Milliman is an equal opportunity employer

Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law.

Reasonable Accommodation Notice

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.