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Intern

Life

Investments

Health

Pensions

Property & Casualty

Reserving

Reporting

Risk

Python

Modelling

Pricing

Consulting

Excel

Job DescriptionJob Category: ActuarialMinimum Salary: $24.50Maximum Salary: $31.00Schedule: Full-TimeFlexible Time Off Annual Accrual: 15 days<hr class="position-line-seperator">If analyzing the financial costs of risk and uncertainty is your thing, join us! Put your analytical skills to work—and drive the future of Liberty Mutual—when you pursue an 11-week internship with the Actuarial Development Program.Liberty Mutual actuaries solve challenging business problems and bring value to our customers. Actuarial interns are valued members of our team and support business needs with data analysis and insight.The details:As an Actuarial Intern, you’ll grow your knowledge of personal and commercial insurance products across a wide variety of disciplines, such as reserving, pricing, modeling, and analytics.You’ll also gain hands-on experience with various analyses, such as the preparation of rate level indications, and attend formal trainings to learn critical actuarial concepts.We are focused on building actuarial skills needed for today and tomorrow. You’ll learn the tips of the trade from some of the best actuaries in the industry through hands-on experience and technical training.After completing the internship, you will have stronger business skills and technical acumen.Qualifications:What you’ve got:<ul><li>You’re pursuing a degree in Mathematics, Economics, Actuarial Science, or related discipline, with a strong academic record (3.0 or higher cumulative GPA).</li><li>You desire to work across a variety of actuarial functions and environments.</li><li>You’re a problem solver, with a keen sense of analytical reasoning and mathematical concepts.</li><li>You demonstrate proven leadership skills, with experience in a student organization, academic project, or community service organization.</li><li>You possess strong written and interpersonal communication skills.</li><li>You are naturally curious and have passion for learning.</li><li>Actuarial Exam sittings or passing scores are preferred, but not required.</li></ul>Fair Chance Notices:We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact.<ul><li>California</li><li>Los Angeles Incorporated</li><li>Los Angeles Unincorporated</li><li>Philadelphia</li><li>San Francisco</li></ul>

Pay PhilosophyThe typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications, and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.DescriptionIf analyzing the financial costs of risk and uncertainty is your thing, join us! Put your analytical skills to work and drive the future of Liberty Mutual when you pursue an internship with the Actuarial Development Program. Liberty Mutual actuaries solve challenging business problems and bring value to our customers. Actuarial interns are valued members of our team and support business needs with data analysis and insight.The detailsAs an Actuarial Intern, you'll grow your knowledge of personal and commercial insurance products across a wide variety of disciplines, such as reserving, pricing, modeling, and analytics. You'll also gain hands-on experience with various analyses, such as the preparation of rate level indications, and attend formal trainings to learn critical actuarial concepts. We are focused on building actuarial skills needed for today and tomorrow. You'll learn the tips of the trade from some of the best actuaries in the industry through hands-on experience and technical training. After completing the internship, you will have stronger business skills and technical acumen.QualificationsWhat you've got<ul><li>You're pursuing a Bachelor's Degree in Mathematics, Economics, Actuarial Science, or related discipline, with a strong academic record (3.0 or higher cumulative GPA).</li><li>You desire to work across a variety of actuarial functions and environments.</li><li>You're a problem solver, with a keen sense of analytical reasoning and mathematical concepts.</li><li>You demonstrate proven leadership skills, with experience in a student organization, academic project, or community service organization.</li><li>You possess strong written and interpersonal communication skills.</li><li>You are naturally curious and have a passion for learning.</li><li>Actuarial Exam sittings or passing scores are preferred, but not required.</li></ul>About UsAt Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust, and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession. Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates, as well as one of America's Best Employers for Diversity.

The BusinessCreate your future. Join our Retirement consulting team in providing expertise in retirement consulting to support global organizations in optimizing the effectiveness of their employee retirement. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, communicating, governing and employee management that fits their specific goals. You will also learn about all the services that Willis Towers Watson offers their clients and how they complement and enhance our retirement consulting practice.Gain direct exposure to real client assignments and meetings which will draw on your imagination and creativity as well as your ability to analyze data, solve problems, develop solutions, and share your results. In this role, you’ll experience a balance of expanding your technical and industry knowledge and developing your problem solving and communications skills, while benefiting from working in a close-knit and supportive team environment.Kickoff the internship at a multi-day session with other interns across the local region to network and learn about WTW from various leaders amongst the Retirement business. Throughout the summer, engage in a robust training program within your local office in order to enhance your understanding of basic pension consulting.You will have close interaction and support throughout the summer from your very own Lead Retirement Consultant mentor. This consultant will work with you on client assignments, give you an inside look at how the business works, and advise you on future career growth.Accepted applicants will be eligible for a comprehensive actuarial exam study program, including paid study hours and exam coaching to assist in attaining an accredited actuarial designation.You will partner with consultants to provide technical actuarial and consulting support on projects like:<ul><li>Designing, funding, pricing, and the implementation and management of retirement programs</li><li>Preparing and assistance with the delivery of client presentations and communications</li><li>Competitive benchmarking analysis of benefit plan designs</li><li>Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers &amp; acquisitions)</li><li>Forecasting future pension plan costs</li><li>Performing annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients</li><li>Assisting with completion of plan reporting and filing requirements</li><li>Performing plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements</li><li>Analyzing de-risking options for defined benefit plans (bulk lump sums, retiree annuity purchases, plan terminations)</li></ul>About you.<ul><li>Progress towards a Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0 (Junior standing preferred; Sophomore considered with other relevant internship experience)</li><li>Successful completion of one or more actuarial exams highly preferred</li><li>Work experience that demonstrates strong technical and/or client service skills</li><li>Passion for solving problems and sharing solutions to exceed the standards of the client</li><li>Ability to be a self-starter and work independently, but also cooperatively in a close team environment</li><li>Excellent oral and written communication skills</li><li>Excellent Microsoft Office skills, particularly in Excel</li><li>Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between December 2023 through June 2025</li></ul>The Application-Interview Process:Step 1: Online application, including resume/CVStep 2: Online assessments and Video InterviewStep 3: Virtual Interview with businessStep 4: Offer and on-boardingCompensation and BenefitsBase salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).CompensationThe hourly rate being offered for this role is $26-$33/hr. USD.This role is also eligible for over-time.

Aon Is Looking for Actuarial Interns &ndash; Availability NationwideAre you intellectually curious with a passion for solving problems? Do you enjoy a flexible and collaborative, team-based environment where you are always learning and growing? If yes, Aon is the place for you!The target salary range for this position is $22 to $28 per hour. The actual salary will vary based on applicant&rsquo;s education, experience, skills, abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant&rsquo;s geographic location.This is a hybrid role with the flexibility to work both from home and your aligned office.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.What the day will look likeAon has four exciting paths to choose from, and each is a one-of-a-kind opportunity waiting to be seized!Retirement ConsultingPension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work directly with our clients&rsquo; management teams to assess the short and long-term costs associated with these commitments.You will have the opportunity to work on a variety of assignments during your internship. Some of the most important projects that retirement actuarial consultants work on are the annual pension &ldquo;valuations.&rdquo; Each year, actuaries collect census data from the clients and perform the annual valuation. With the results of these valuations, we help our clients assess the ongoing financial health of their pension plans. Additional activities include:<ul><li>Projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans</li><li>Coordination of asset-liability analysis and other studies with investment consultants</li><li>Merger and acquisition &ldquo;due diligence&rdquo; and related activities</li><li>Design and costing of new retirement programs.</li><li>Programming innovative pension administration systems</li><li>Pension benefit calculations for participants</li><li>Union negotiation support and analysis</li><li>Quantitative comparison of comprehensive employee benefit programs for groups of employers</li></ul>Health and Benefits Consulting (H&amp;B)Employer-sponsored health and welfare benefit programs form the foundation of the U.S. health care system. These programs have evolved over time as employers have attempted to manage the changing needs of employees, rising program costs, and the impact of new legislation while supporting their human resource and business strategies.You will have the opportunity to work on a variety of assignments during your internship. Health and Benefits actuaries support consultants and work directly with our clients to develop short and longer-term health and welfare benefit strategies.  This process involves strategic assessments of the health care market and key trends and the identification of new and innovative solutions to employer problems.  The technical and analytical skills H&amp;B actuaries bring to this process are critical to our H&amp;B consulting. Additional activities include:<ul><li>Evaluate plan design and costs relative to various measures and benchmarks with reporting to clients</li><li>Health care budget rate-setting for self-insured plans including the analysis of medical and prescription drug network changes</li><li>Employee contribution rate development and scenario analysis</li><li>Analyze insured plan renewals for appropriateness and carrier bid financial evaluations</li><li>Retiree medical and disability plan valuations</li></ul>Risk ConsultingAon Global Risk Consulting (AGRC) Actuarial &amp; Analytics Practice is the third largest North American Property and Casualty Consulting firm, providing actuarial services to clients for more than 20 years. The practice is comprised of highly skilled and experienced professionals in the risk quantification and analysis field.As an intern within our Risk Consulting practice, you will have the opportunity to work on projects to assess exposure to P&amp;C risk by loss forecasting for budgeting and risk management strategy evaluation, calculating actuarial reserves for financial statement support, providing actuarial opinions for regulatory support, and evaluating total cost of risk for effective financial and risk management solutions.

This Milliman practice, with locations in Boston MA, Burlington VT, and Atlanta GA, provides property and casualty actuarial consulting services on a range of projects across the insurance, reinsurance, insurance-linked securities (ILS) and alternative-risk markets.We work with a diverse set of clients including self-insured corporations, commercial insurance companies, governmental agencies, risk pools, and financial investors and other participants in the ILS space.Using a variety of Milliman products and office-built tools, we look to establish and develop the cutting edge of actuarial practice in each of our professional niches, and provide our clients with trusted partnership and advice to advance the success of their business.About MillimanIndependent for 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.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.About the teamThe team is a focused and tight-knit group working together across our locations. Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team, from analysts to the Principals serving as the client leads. While most of our team’s time is spent working on Boston/Burlington/Atlanta projects and with Boston/Burlington/Atlanta employees, team members also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices, and work with employees from other Milliman casualty practices.We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of young actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.About the roleThe Actuarial Intern role provides training and experience to individuals seeking to pursue a career in actuarial science. Interns are expected to be pursuing a credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and to be exploring the potential of engaging in a full-time actuarial career.On a day-to-day basis, the Actuarial Intern will be expected to work closely with project team members to execute key analyses for ongoing projects. They will be expected to develop their actuarial skills while displaying professionalism and strong communication skills. Much of the intern’s work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities during the internship.Although this position may provide the opportunity for some amount of remote work, the applicant must be willing to be based out of the Milliman Boston MA, Burlington, VT, or Atlanta GA office. We are open to part-time interns during the school year, or full-time interns during the summer.Requirements<ul><li>Four-year bachelor’s degree or higher degree (quantitative course work in actuarial science, mathematics, statistics, etc. highly desired), either completed or in progress</li><li>Strong critical thinking, technical, and analytical skills</li><li>Substantial expertise with Excel and Word</li><li>Close attention to detail</li></ul>Desired:<ul><li>Between one and five successfully completed actuarial examinations, and pursuing a credential from the CAS.</li><li>Some experience with computer programming</li><li>Expertise with statistical and modeling tools such as R, @Risk, VBA, Python, SAS, STATA, etc.</li><li>Working knowledge of supplemental database and professional working tools such as Access and PowerPoint</li><li>The ability to work collaboratively and organize various client needs in a fast-paced environment</li><li>Clearly demonstrated leadership and creative thinking abilities</li><li>The ability and willingness to clearly articulate questions and ideas</li><li>Intellectual curiosity about the topics of risk, Milliman, and the work of our specific property/casualty practice</li></ul>The hourly range for this position is $23-35 per hour, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

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Actuary Internships Summer 2025 | Job Vacancies & Career Opportunities