About Milliman
Milliman is one of the world’s largest independent actuarial and consulting firms, providing solutions in risk management, advanced analytics, technology, and data. Our work spans healthcare, property and casualty insurance, life insurance and financial services, retirement and employee benefits, and broader financial and risk management needs.
The firm serves a wide range of clients, including business, financial institutions, government entities, unions, educational organizations, and non-profit organizations worldwide.
Founded in 1947, Milliman is headquartered in Seattle and today employs more than 4,000 professionals globally, with annual revenues exceeding US$1.5 billion. The firm operates through offices in major cities across North America, Latin America, Europe, Asia-Pacific, the Middle East, and Africa.
Job Description
Milliman in Madrid provides consulting services to a broad array of clients in the insurance sector. We are looking for interns to join our Non Life (P&C) team. This position provides excellent opportunities for professional development and advancement.
Job Responsibilities
- Work on the technical and/or modeling aspects of a variety of consulting projects, including product and strategy development, economic valuation, mergers and acquisitions, Solvency II, ALM, and predictive modeling.
- Work closely with a dynamic and highly experienced team of actuarial professionals within one of the world’s leading actuarial consulting firms.
- Support consulting activities for clients in the Spanish and Portuguese insurance markets and contribute to a wide range of multinational projects.
What we look for
- Undergraduate or postgraduate with major in Actuarial Science, Insurance, Statistics, Mathematics or related fields are preferred.
- Fluency in Spanish and English is a must. Other European languages (especially French and Portuguese) will be highly rated.
- Strong communication (written and oral), and organizational skills
- Proficiency with spreadsheets and database applications (Microsoft Office products)
- R, SQL, SAS knowledge a plus
- Strong quantitative and analytical skills
- Results-driven and detail-oriented
- Strong time management skills
- Self-motivated and creative problem solver
- Ability to work independently and in a team environment
Skills & Attributes
Required:
- Currently enrolled in a Master in Actuarial Science or another program of study similarly focused on mathematics, and/or quantitative analysis.
Desired:
- Proficiency in Excel and VBA. Knowledge of SAS, C++, C#, and other programming languages a plus
- Ability to analyse and apply creative problem solving both independently and within a team
- Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic.
Skills Required
- Currently enrolled in a Master in Actuarial Science or a program focused on mathematics and quantitative analysis
- Fluency in Spanish and English
- Strong communication and organizational skills
- Proficiency with spreadsheets and database applications
Milliman Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Milliman and has not been reviewed or approved by Milliman.
-
Healthcare Strength — Core coverage includes subsidized medical, dental, and vision, plus company-paid life, AD&D, and disability. Materials highlight robust health protections as part of the standard package.
-
Retirement Support — A 401(k) with matching is paired with profit-sharing contributions described as generous. These features can significantly bolster long-term compensation when contributions are strong.
-
Parental & Family Support — Paid parental leave and family-building support (adoption and fertility) are available alongside caregiver and emotional support resources. These programs extend protection beyond core insurance to meet family needs.
Milliman Insights
What We Do
Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947, Milliman has offices in key locations worldwide. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. In addition to consulting actuaries, Milliman’s body of professionals includes numerous other specialists, ranging from clinicians to economists.
