Oliver Wyman Actuarial - Life Internship - Summer 2027

Marsh McLennan • Chicago, IL

4d • $1,350 - $1,600 • Hybrid

About The Position

Oliver Wyman is a global leader in management consulting, with offices in 60 cities across 29 countries. We combine deep industry knowledge with specialized expertise in strategy, operations, risk management, and organizational transformation. Our 7,000+ professionals help clients optimize performance, improve operations and risk profiles, and capture the most attractive opportunities. Within Oliver Wyman, the Actuarial Practice provides customized actuarial services and strategic insight to insurers, provider systems, regulators, and private equity firms. We bring together actuarial expertise, advanced analytics, and technology to solve complex problems and enable forward-looking decisions. Our team includes 600+ professionals (including ~300 credentialed actuaries) across 41 global locations. We work closely with Marsh, Mercer, and Guy Carpenter to support clients on strategy, operations, capital efficiency, and large-scale transformation.

Actuarial Intern
- Life
Life Overview : Focuses on life, annuity, and long-term care work, including pricing, valuation, and actuarial model transformation. Life Locations: Atlanta, Chicago, Seattle

Requirements

• Candidates must have permanent, unrestricted U.S. work authorization.
• Visa sponsorship is not available for this role.
• CPT and OPT are considered restricted forms of work authorization

Nice To Haves

• Life and annuity product development, pricing, and valuation
• Assumption setting and model methodology review
• M&A due diligence and financial projections
• Model transformation, conversions, and long-term care analytics
• Cloud implementation, software development, and data engineering projects for actuarial teams

Responsibilities

• Support actuarial modeling and analysis related to valuation, pricing, and financial projections
• Assist with data analysis, assumption reviews, and sensitivity testing exercises
• Research industry trends and emerging topics to support client engagements
• Prepare analyses, exhibits, and presentation materials for internal and client-facing discussions

Benefits

• Intern weekly pay (U.S.): $1,350 – 1,600 USD , depending on role, practice and location.
• colleague resource groups
• social activities
• formal training to develop communication, presentation, analytical, and client management skills
• flexibility, including the opportunity of hybrid working

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed