About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.
Description
Milliman India - Non- Life Actuarial Analyst
We are confident that the experience you gain through this program will provide you with a solid foundation to start your career as well as give you many real-world examples to decide if this is the right career path for you.
Experience and preferred skills
- Strong quantitative aptitude with excellent analytical and problem-solving skills.
- Outstanding academic record with a strong foundation in mathematics, statistics, probability, and actuarial science.
- Strong organizational skills and the ability to manage multiple assignments while meeting tight deadlines.
- Ability to work independently as well as collaboratively in a team-oriented consulting environment.
- Proficiency in Microsoft Excel (including advanced functions), PowerPoint, and Word.
- Working knowledge of one or more programming languages such as R, Python, SQL, SAS, or VBA for data extraction, analysis, automation, and modelling.
- Basic understanding of AI and Generative AI tools, with an interest in applying them responsibly to support data analysis, research, documentation, automation, and actuarial modelling.
- High attention to detail, accuracy, and commitment to maintaining data quality.
- Previous actuarial, insurance, analytics, or related internship experience is desirable but not mandatory.
- Steady Progress towards actuarial qualification (IAI/IFoA or equivalent) is preferred.
Primary Duties & Responsibilities
This position assumes full time contract as an ‘Actuarial Trainee – Non-Life’ for a period of 3 months. You will be engaged in:
- Data extraction, validation, and analysis using Excel, SQL, R, Python, SAS, or VBA.
- Supporting general insurance reserving, pricing, and actuarial modelling assignments.
- Assisting with research, experience studies, and regulatory or market analysis.
- Developing and using actuarial models, including Milliman's proprietary tools.
- Preparing client reports, presentations, and other project deliverables.
- Supporting process automation and analytical solutions using programming and AI/GenAI tools.
Qualifications Required:
- Bachelor’s or master’s degree student (or recent graduate) pursuing actuarial science, mathematics, or any other major with quantitative course work
- Minimum 3 actuarial exams from IAI or IFoA, UK
Skills Required
- Bachelor's or master's degree student (or recent graduate) in actuarial science, mathematics, or quantitative major
- Minimum 3 actuarial exams from IAI or IFoA, UK
- Strong quantitative aptitude with excellent analytical and problem-solving skills
- Outstanding academic record with foundation in mathematics, statistics, probability, and actuarial science
- Strong organizational skills and ability to manage multiple assignments and tight deadlines
- Ability to work independently and collaboratively in a team-oriented consulting environment
- Proficiency in Microsoft Excel (advanced functions), PowerPoint, and Word
- Working knowledge of one or more programming languages such as R, Python, SQL, SAS, or VBA
- Basic understanding of AI and Generative AI tools and interest in applying them responsibly
- High attention to detail, accuracy, and commitment to maintaining data quality
- Previous actuarial, insurance, analytics, or related internship experience
- Steady progress towards actuarial qualification (IAI/IFoA or equivalent)
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.
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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.
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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.
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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.
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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.
