Actuarial Analyst Intern (Summer 2025) - Indianapolis Health

Overview

Milliman’s Indianapolis Health practice provides consulting services to a broad array of clients in the healthcare field with a primary focus on Medicaid and Pharmaceutical consulting.

We have developed a well-rounded, multidisciplinary internship program, that provides future leaders with the opportunity to take responsibility for client work and make meaningful contributions to the firm, while enhancing their professional acumen and expanding their network.

If you are looking to join a group of smart, talented interns consider our program!

Our Actuarial Analyst internship was designed to fully integrate up-and-coming actuarial analysts within our current team of analysts and consulting actuaries.

Interns will work on a project(s) and deliver a presentation on their work at the end of the summer. Our flat structure provides ample opportunity for self-motivated actuarial analysts to ask questions, learn fast, interact with leading experts in the field, and take initiative to develop personalized professional goals.

Our staff are highly engaged with interns throughout the 11-week experience, from work product, to professional development, to cultural excursions, the cohort will have many opportunities to learn why Milliman is a great place to begin a consulting career.

Responsibilities

In this role, you will :

• Analyze healthcare cost and utilization data using claims databases
• Examine benefit plan and insurance pricing
• Perform experience analysis and reserving
• Complete technical research and computer modeling
• Provide financial and statistical analysis
• Reconcile claims data and project future costs
• Support ad-hoc client requests
• Support senior staff in strategic projects such as supporting clients through environmental changes or healthcare reform

Qualifications

Required :

• Working toward a Bachelors or Masters Degree in actuarial science, mathematics, statistics or another related quantitative field
• A desire to expand actuarial skills and be committed to obtaining Fellowship
• Knowledge of Excel
• Ability to quickly learn new software programs
• Strong time management skills
• Strong analytical, communication (written and oral), and organizational skills
• Ability to prioritize work and meet deadlines

Preferred :

• Cumulative GPA of 3.3 or higher
• Passed, at minimum, 1 Society of Actuaries exam

Internship Highlights

• 1 : 1 mentoring sessions
• Exposure to senior consultants and practice leaders
• Structured opportunities for professional learning and development i.e. Lunch & Learn Series
• Guest speaker series covering a wide range of professional development skills
• Housing or housing stipend
• Social activities intern-only and practice-wide
• Cultural excursions Get to know Indy by visiting iconic sites
• End the program with a presentation to leadership and peers on a business project or problem
• Ample opportunity to discuss transition to full-time employment

The Team

The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies.

We create dedicated core teams for each state Medicaid agency client that are customized to serve each of our clients’ unique needs.

New staff are placed on a dedicated state client team, learning from seasoned consultants. As a member of a state client team, you will observe how we provide comprehensive consulting services which span from many different disciplines and backgrounds including actuarial, policy, finance, pharmacy, and data management, all working together for a common goal to best serve our clients’ needs.

Location

This position is based out of the Milliman office in Indianapolis, IN. Candidates hired into this role must be willing to work onsite full-time.

Benefits

• When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit sharing contribution
• Employee Assistance Program (EAP)
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Interns, Temporary, and Seasonal Employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked.

Who We Are

Independent for 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.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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