Milliman’s Milwaukee Casualty Practice is looking for bachelor’s or master’s degree students with junior standing (will also consider sophomores) who are pursuing actuarial science, mathematics, or another major with quantitative course work to partake in a summer internship in 2020. Actuarial Interns will have the opportunity to work in a wide variety of areas within the property and casualty insurance industry, while working alongside some of the leading experts in the field.
DUTIES, RESPONSIBILITIES, AND OBJECTIVES
Milliman is one of the leading experts in property and casualty insurance matters. We advise clients on a wide range of issues – from estimating loss reserves to developing rating plans and evaluating mortgage collateral for government agencies, mortgage lenders, and investors. Our consulting work is supported by a powerful toolkit of data analytics solutions.
Actuarial Interns perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various property and casualty insurance work areas, such as Professional Liability, Workers Compensation, Personal Auto, Homeowners, Mortgage Credit Risk, and more. Such consulting activities include pricing, loss reserving, predictive modeling, and mergers and acquisitions. Summer interns are also responsible for reviewing the work of others and assisting with research projects and product development.
Within a project team, Consultants, Analysts, and Interns coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results to clients. They also work directly with Analysts and Interns by reviewing work, answering questions, and developing client correspondence. Analysts and Interns are 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. Interns are given very similar responsibilities as those assigned to full-time Analysts, and work alongside all levels of a project team while learning and expanding upon various actuarial concepts and computer programs, such as Microsoft Excel, VBA, and SAS.
REQUIRED KNOWLEDGE, SKILLS, AND EXPERIENCE
EDUCATION, LICENSE, AND/OR CERTIFICATION REQUIREMENTS
COMPETENCIES THAT SUPPORT SUCCESS IN ROLE
Candidates are expected to have strong communication skills, be flexible, and show ambition and excitement for their professional development within the actuarial field. Strong time management skills, attention to detail, and organizational expertise are strongly preferred.
A housing stipend will be provided.
Application: Candidates that upload a cover letter and resume will be given first consideration.
Pay Rate: The pay rate for this position is $24 per hour.
Sponsorship: Applicants currently in F, J, M or other nonimmigrant status who will require immigration-related sponsorship upon the conclusion of their schooling will not be considered for this position. Applicants must be presently authorized to work in the United States on a full-time basis. The Milwaukee Casualty Practice does not sponsor individuals for the purpose of obtaining or maintaining H-1B, O-1, or other nonimmigrant work authorizing status for this position.
Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe 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)