Actuarial Intern

Chubb • Chicago, IL

19h • $24 - $26 • Hybrid

About The Position

Chubb Benefits, a Chubb company, is seeking an Actuarial Intern for a 10-week Summer 2027 internship. The intern will gain experience supporting life insurance actuarial work, including product pricing, assumption setting, experience analysis, reserving, modeling, state filings, and system implementation. The role is based in or near Chicago, Illinois, with an expectation of working in the office four days per week and remotely one day per week. The schedule is full-time, Monday through Friday, 8:30 a.m. to 5:00 p.m. Central Time, from May 24 through August 6.

Potential projects include calculating reserve liabilities, modeling and verifying actuarial software output, contributing to process improvements, and using Microsoft Excel to present results to management, auditors, and regulators. The intern may also perform ad hoc analyses. Chubb Benefits describes its workplace as customer-centric, people-driven, accountable, performance-minded, and ethical. The hourly pay range is $24 to $26, with the offer dependent on applicant skills and other factors and potentially adjusted for geographic differential.

Requirements

• Completion of at least one actuarial exam.
• Skills in Microsoft Word, Excel, PowerBI, and Outlook.
• Oral and written communication skills.
• A cumulative GPA of at least 3.5 to qualify.
• Actively enrolled in an undergraduate or graduate program, with an expected graduation date of December 2027 or May 2028.
• Local to the Chicagoland area and able to meet the in-office expectation of four days per week.
• Demonstrated ability to meet commitments, including under pressure.
• Ability and willingness to master and apply new knowledge.
• Willingness to accept additional responsibility over time.
• Ability to communicate successfully in various settings and work effectively with colleagues at all levels.
• Ability to take ownership of work and show initiative.
• Understanding of customer and client needs.
• Commitment to hard work and high ethical conduct.

Nice To Haves

• Exposure to SQL, R, Python, or Axis.
• Prior actuarial internship experience.
• A major in Actuarial Science, Mathematics, Economics, or Statistics.

Responsibilities

• Perform fundamental actuarial tasks supporting life insurance product pricing, assumption setting, experience analysis, reserving, modeling, state filings, and system implementation.
• Assist with calculating reserve liabilities.
• Gain experience with modeling and verifying actuarial software output.
• Contribute to process improvements that impact the department.
• Use Microsoft Excel to communicate results to management, auditors, and regulators.
• Perform ad hoc analysis as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: No Education Listed