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Role Summary

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HIGHLIGHTS

Life actuarial internship at Milliman's Chicago office supporting Mergers & Acquisitions, Financial Risk Management, and Life Technology Solutions. You'll assist with valuations, cash-flow testing, stochastic hedging models, and data/valuation tool development. This is a winter 2027 paid internship (in-person weekly) for students with at least one SOA exam. Chicago, IL.

JOB DESCRIPTION SUMMARY

  • Winter 2027 actuarial intern in Milliman's Life, FRM, and LTS practice
  • Support M&A due diligence, GAAP/statutory valuation, and cash-flow testing
  • Work on stochastic hedging and variable/fixed indexed annuity models
  • In-person in Chicago weekly; flexible arrangements considered
  • Paid internship: $23–$46 per hour (annualized $47.8k–$95.7k)

DOMAIN EXPERTISE

  • No domain expertise specified

KEY REQUIREMENTS

  • Currently enrolled in a Bachelor’s or Master’s degree in Actuarial Science or similar
  • Completion of at least one Society of Actuaries (SOA) exam
  • Able to work in-person in the Chicago, IL office on a weekly basis

TECH STACK

  • Excel
  • PowerPoint
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Role Summary

Loading...

HIGHLIGHTS

Life actuarial internship at Milliman's Chicago office supporting Mergers & Acquisitions, Financial Risk Management, and Life Technology Solutions. You'll assist with valuations, cash-flow testing, stochastic hedging models, and data/valuation tool development. This is a winter 2027 paid internship (in-person weekly) for students with at least one SOA exam. Chicago, IL.

JOB DESCRIPTION SUMMARY

  • Winter 2027 actuarial intern in Milliman's Life, FRM, and LTS practice
  • Support M&A due diligence, GAAP/statutory valuation, and cash-flow testing
  • Work on stochastic hedging and variable/fixed indexed annuity models
  • In-person in Chicago weekly; flexible arrangements considered
  • Paid internship: $23–$46 per hour (annualized $47.8k–$95.7k)

DOMAIN EXPERTISE

  • No domain expertise specified

KEY REQUIREMENTS

  • Currently enrolled in a Bachelor’s or Master’s degree in Actuarial Science or similar
  • Completion of at least one Society of Actuaries (SOA) exam
  • Able to work in-person in the Chicago, IL office on a weekly basis

TECH STACK

  • Excel
  • PowerPoint

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Job Overview

Salary
$48k - $96k
Work Type
Permanent
Full Time

Ideal Candidate Profile

An intern-level life actuarial student (1+ SOA exam) interested in annuities and valuation work, with strong quantitative skills and Excel/VBA proficiency who wants hands-on training in stochastic and valuation models.

Student

Benefits

401(k) PlanWellness ProgramCommuter BenefitsHybrid Work
Shortlist Forming
Closing Soon
22d
22 days ago

Strategy: Speed over Perfection

By Day 21, visibility drops significantly. Recruiters are focusing on existing candidates.

"Don't wait for a cover letter. The requisition could close tomorrow. Apply now."

Job Overview

Salary
$48k - $96k
Work Type
Permanent
Full Time

Ideal Candidate Profile

An intern-level life actuarial student (1+ SOA exam) interested in annuities and valuation work, with strong quantitative skills and Excel/VBA proficiency who wants hands-on training in stochastic and valuation models.

Student

Benefits

401(k) PlanWellness ProgramCommuter BenefitsHybrid Work
Shortlist Forming
Closing Soon
22d
22 days ago

Strategy: Speed over Perfection

By Day 21, visibility drops significantly. Recruiters are focusing on existing candidates.

"Don't wait for a cover letter. The requisition could close tomorrow. Apply now."

Life/Consultancy/Intern Level
Milliman

Actuarial Intern - Winter 2027 Internship/Co-Op (January 2027 Start) - FRM, Life, LTS

Milliman•Chicago, United States•3w ago
HybridIndividual AnnuitiesIndividual Life ProtectionLife Annuity OtherM&AAsset-Liability ManagementRegulatory Reporting