Internship Risk Quant Jobs in New Jersey (NOW HIRING)

Milliman’s Employee Benefits Consulting Practice is seeking a motivated college student for a part-time internship. This internship is from September 2026 to June 2027 and is required to be in-office at our Little Falls, NJ location spending 10-15 hours a week, starting September 8th, 2026. We are flexible with college students’ schedules and encourage applicants who can balance academic commitments with professional experience. We are specifically seeking a current junior who is pursuing a degree with a focus in mathematics or actuarial science. Previous internship or work experience with an actuarial firm is preferred, including with Milliman. Success in our practice is fueled by intellectual curiosity, teamwork, and a passion for learning. If you are eager to take on challenges and build a foundation for your actuarial career, we encourage you to apply.

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (Social Impact | Milliman | Worldwide) to learn more about Milliman’s commitments to our people, inclusion, and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

What You Will Do

As an Actuarial Intern, you will provide support and assistance to our actuarial consultants. You will gain hands-on experience in preparing basic actuarial calculations, government form filings, and other client deliverables. This internship offers a unique opportunity to work alongside experienced professionals and contribute to a wide range of projects, such as:

• Preparing basic actuarial and financial calculations and other client deliverables.
• Performing data analysis using Excel and proprietary Milliman programs to assist with consulting for various employee benefits work areas.
• Collaborating within a project team, including consultants, project managers, analysts, and other interns, to deliver client reports and deliverables.
• Supporting senior staff in various projects.

What We Are Looking For

We are looking for a highly analytical and detail-oriented actuarial intern, preferably a current junior pursuing a quantitative degree, with at least one SOA exam passed and previous internship or work experience with an actuarial firm is preferred, including with Milliman. The ideal candidate has experience with financial monitoring reports, data review and trend analysis, accurate recordkeeping, and tracking client deliverables. Strong Excel skills, problem-solving ability, communication, collaboration, and time management are essential for success in this role.

Preferred Qualifications

• Currently pursuing a bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, or another major with quantitative coursework.
• Recommended for current Juniors.
• A minimum of one SOA exam passed.
• Previous internship or work experience with an actuarial firm is preferred, including with Milliman.
• Experience with financial monitoring reports.
• Experience with data review and analysis identifying trends and variances.
• Experience maintaining accurate reporting records and monitoring progress of client deliverables.
• Experience with spreadsheets, with proficiency in Microsoft Excel preferred (including formulas, pivot tables, and basic modeling)
• Strong analytical and problem-solving skills with attention to detail
• Effective communication skills and collaboration abilities
• Strong time management skills, and ability to handle multiple tasks efficiently.

The Team

The EB Consulting practice delivers innovative actuarial and consulting solutions across a diverse range of industries, serving both active employees and retirees.

As an intern, you will have the opportunity to work alongside experienced professionals, gain hands-on experience, and contribute to meaningful projects. Join us to learn, grow, and make a difference!

Location

Candidates hired in this role are required to work on site at the Little Falls, New Jersey Milliman office.

Compensation

The salary range for this role is $21.00 - $46.00, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

Benefits

We offer competitive benefits which include the following based on plan eligibility:

• Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
• 401(k) Plan – When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
• Paid Time Off (PTO) – Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
• Transportation – Pre-tax savings for eligible transit and parking expenses.

Equal Opportunity 

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

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