Actuarial Trainee

About Milliman

Milliman is among the worlds 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 Trainee

Duration: 3 months

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 Millimans proprietary tools.
• Preparing client reports presentations and other project deliverables.
• Supporting process automation and analytical solutions using programming and AI/GenAI tools.
  
  

Qualifications Required:

• Bachelors or masters 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

Required Experience:

Intern