Actuarial Intern Philadelphia Life - 2021-2022
Chesterbrook, PA 
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Job/Internship Description
Description

Job Summary

The Philadelphia office of Milliman is looking for enthusiastic and qualified candidates to join the Milliman Life practice. The candidate will be assigned to projects in areas including but not limited to Mergers and Acquisitions, Statutory and GAAP valuation, Asset Liability Management and Enterprise Risk Management. We are seeking candidates who will strive in a fast-paced, dynamic work environment. The candidate will be a part of a collaborative team of actuarial analysts and consultants ready to share their knowledge and experience.

Mergers & Acquisitions

Milliman is the industry leader in mergers and acquisitions for the last 20 years. Our sophisticated financial models are relied upon to deliver accurate projections and valuations of company assets and liabilities. We are a trusted source of independent analysis on a proposed deal's valuation, merits and weaknesses. In many cases, the deal valuation is only the beginning and we are brought on to consult management on implementation and post-transaction action plans.

About Milliman

Founded in 1947, Milliman is one of the largest actuarial firms with offices around the globe, delivering market-leading services and solutions to clients worldwide. We help companies take on some of the most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Job description:

Tasks and responsibilities

  • Conduct mathematical & statistical analysis for risk management for insurance companies
  • Develop and utilize actuarial models
  • Calculate reserves & work on Statutory and GAAP valuations for life insurance companies
  • Analyze statistical data related to mortality, accident & sickness, disability, termination rates
  • Summarize results and draft client communications
  • Assist with research projects

Requirements

  • Actively pursuing a Bachelor's degree or higher in Actuarial Science, Mathematics, Statistics, Economics, or related field
  • Successful completion of at least two actuarial exams
  • Actively pursuing SOA exams toward actuarial certification
  • Knowledge or training in computer programming languages
  • Strong analytical, communication (both written and oral), and organizational skills
  • Self-starter, diligent and detailed-oriented

Preferred skills

  • Experience with Microsoft Excel, Access and VBA
  • Python and/or R working experience
  • SQL and/or SAS knowledge is a plus
  • MGALFA experience is a plus

This position will be based out of the Milliman office in Wayne, PA.

No recruiters please.

Qualifications

Education
Bachelors of Actuarial Science (preferred)


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)

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.

 

Position Summary
Company
Start Date
As soon as possible
Employment Type
Full Time
Period of Employment
Open
Type of Compensation
Paid
College Credits Earned
No
Tuition Assistance
No
Required Student Status
Open
Preferred Majors
Other
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