Actuarial Internship (Fall 2021/Winter 2022) - Property & Casualty

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Job description

Who WeAre

Our practice is based inBoston, MA andBurlington, VT. Weprovideproperty and casualty actuarial consulting services on a range of projects across the insurance, reinsurance,insurance-linked securities (ILS)and alternative-risk markets. We work with a diverse set of clients including self-insured corporations, commercial insurance companies, governmental agencies,risk pools, and financial investors and other participants in the ILS space. Using a variety ofMillimanproducts and office-built tools, we look to establish and develop the cutting edge of actuarial practice in each of our professionalniches, andprovide our clients with trusted partnership and advice to advance the success of their business.

The Department/Team

Theteam is a focused and tight-knit group based out of the Boston and Burlington, VT offices ofMilliman.Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team from analysts to thePrincipalsserving as the client leads. While most of our team's time is spent working onBoston/Burlingtonprojects and withBoston/Burlingtonemployees, team members also have the chance to participate on certain assignments that are completed in partnership with otherMillimanoffices, and work with employees from otherMillimancasualty practices.

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing marketareas, andare committed to developing a pipeline of young actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.

Role

The actuarialinternrole provides training and experience to individuals seeking topursuea career in actuarial science.Interns are expected to be pursuinga credential with the Casualty Actuarial Society by taking and passing actuarial examinations, andto be exploring the potential of engaging in a full-time actuarial career.

On a day-to-day basis, the actuarialinternwill be expected to work closely with project team members to execute key analyses for ongoing projects. They will be expected todevelop their actuarial skills while displaying professionalism and strong communication skills.Much of theintern'swork will be in Excel, but supplemental programming, statistical, and database skills are highly valued and willopen upadditional opportunitiesduring the internship.

Successfully hired applicantswillhave the option to sit in our Boston area office (Wakefield, MA), or our Burlington, VTlocation. We are open to full-time (37.5 hours/week), and part-time applicants.

Qualifications

Required:

• Four-year bachelor's degree or higher degree (quantitative course work in actuarial science, mathematics, statistics, etc. highly desired), either completed or in progress


• Strong critical thinking, technical, and analytical skills


• Substantial expertise with Excel and Word


• Close attention to detail

Desired:

• Between one and five successfully completed actuarialexaminations, andpursuing a credential from the CAS.


• Some experience with computer programming


• Expertise with statistical and modeling tools such as Python,SAS, STATA, etc.


• Working knowledge of supplemental database and professional working tools such as Access and PowerPoint


• The ability to work collaboratively and organize various client needs in a fast-paced environment


• Clearly demonstrated leadership and creative thinking abilities


• The ability and willingness to clearly articulate questions and ideas


• Intellectual curiosity about the topics of risk,Milliman, and the work of theBoston/BurlingtonCasualty Practice

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. 41 CFR 60-1.35(c)