Summer 2026 Actuarial Intern - San Francisco Tri-State Property and Casualty (Remote)

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 to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability: https://www.milliman.com/en/Social-Impact

The San Francisco Tri-State practice, comprised of about 50 employees, represents a wide range of expertise, with abundant opportunities to develop and apply actuarial and complementary skills such as data science and geospatial analysis. We work on some of today's most important insurance problems, including climate resilience and telematics. We consult with insurance carriers, reinsurers, and self-insureds on loss reserving and pricing. We also build predictive models and innovative insurance products for traditional and start-up insurers, as well as the associated state regulatory rate filing support.

What You Will Do

As a summer intern, you'll work alongside Milliman consultants and project team members, including those in senior management. Over the course of your internship, you'll gain exposure to a variety of actuarial functions, such as product development, pricing, and reserving, concluding with the opportunity to present to your Milliman colleagues. You'll also receive on-the-job mentorship from experienced actuaries, and actionable feedback to grow in your career.

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work supporting new and developing markets. As such, we are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.

Typical responsibilities will include:

• Using Excel for preparation of data analysis, checking data for accuracy and consistency (peer review), drafting reports, and maintaining documentation
• Predictive modeling using GLM's and non-linear methods using mostly SAS, Python and R, to support rate analyses
• Draft written reports and exhibits, and prepare other internal/external correspondence
• Prepare and submit state regulatory filing support documents
• Undertake research projects of varying shape and size

What We Are Looking For

Professional Qualifications

• Available to work 30-40 hours per week for approximately 12 weeks during the summer of 2026
• Currently pursuing a bachelor's degree or higher, including quantitative coursework in actuarial science, mathematics, statistics, etc. (resume and current unofficial transcript will be requested)
• A minimum of one passed actuarial exam by the time of application
• Experience conducting data analysis using MS Excel
• Experience using MS Word, PowerPoint, Outlook, and Teams
• Some exposure to SQL, R, and/or Python

Personal Qualifications

• Strong communication skills - both in-person and written - in order to successfully collaborate with colleagues and clients
• Works well independently and within a team, especially when working virtually
• Excellent time management skills including collaboration across time zones
• The ability and willingness to clearly articulate questions and ideas
• Analytical thinking skills, considering possible solutions and downstream impact
• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
• Enthusiasm for producing high-quality, professional work with accuracy and integrity

Preferred Qualifications

• Two or more passed actuarial exams, and/or one or more VEE completed, at the time of application
• Prior internship(s) or related work experience
• Experience using SAS, R, SQL or Python and/or other modeling or coding languages
• Experience with data visualization tools such as PowerBI or Tableau
• Expertise with statistical and modeling tools such as @Risk, VBA, STATA, etc.
• Interest or intent to pursue actuarial credentials through the Casualty Actuarial Society

Location

This is a remote position, based in the United States. Candidates may be expected to adjust work hours depending upon time zones of team members, project deliverables, etc. No housing or relocation assistance will be provided for this internship. The expected application deadline for this job is March 15, 2026.

Compensation

The overall pay range for this role is $21 to $46 per hour.

For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia, the hourly range is $23 to $46.
• All other locations, the hourly range is $21 to $37.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

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.

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.

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