Role Summary

HIGHLIGHTS

Life actuarial internship in Milliman’s Chicago office supporting Mergers & Acquisitions, Financial Risk Management, and Life Technology Solutions. Interns work on valuation, cash-flow testing, stochastic modeling, hedging programs, and M&A due diligence for life and annuity business. This is a fall 2026 co-op/intern role based in Chicago, IL for students with at least one SOA exam passed.

JOB DESCRIPTION SUMMARY

Intern with Milliman’s Life, Financial Services, and LTS practices in Chicago
Work on M&A valuations, cash-flow testing, ALM and stochastic hedging models
Hands-on modeling with MG-ALFA and data transformation using IDM
Use Excel/VBA; exposure to SAS, C++ and C# as applicable
In-person in Chicago office weekly; flexible arrangements considered

DOMAIN EXPERTISE

Enrollment in an Actuarial Science or quantitative degree program
Completion of at least one SOA exam and pursuing FSA, FRM, or CFA

KEY REQUIREMENTS

Currently enrolled in a Bachelor’s or Master’s program in Actuarial Science or a quantitative field
Completion of at least one SOA exam and actively pursuing FSA, FRM, or CFA
Ability to work in-person in the Chicago office on a weekly basis

TECH STACK

Excel

Role Summary

HIGHLIGHTS

JOB DESCRIPTION SUMMARY

Intern with Milliman’s Life, Financial Services, and LTS practices in Chicago
Work on M&A valuations, cash-flow testing, ALM and stochastic hedging models
Hands-on modeling with MG-ALFA and data transformation using IDM
Use Excel/VBA; exposure to SAS, C++ and C# as applicable
In-person in Chicago office weekly; flexible arrangements considered

DOMAIN EXPERTISE

Enrollment in an Actuarial Science or quantitative degree program
Completion of at least one SOA exam and pursuing FSA, FRM, or CFA

KEY REQUIREMENTS

Currently enrolled in a Bachelor’s or Master’s program in Actuarial Science or a quantitative field
Completion of at least one SOA exam and actively pursuing FSA, FRM, or CFA
Ability to work in-person in the Chicago office on a weekly basis