Health and Benefits Actuarial Summer Intern - Central Market - College Program 2027

Mercer • Chicago, IL

3d • Hybrid

About The Position

This role is for a Health and Benefits Actuarial Summer Intern within the Health Actuarial and Financial Group (AFG), part of Marsh's People and Investments business. The intern will assist employers in navigating the complex world of employee benefits, people risk, and employee benefit cost management, with a focus on predicting, monitoring, and managing rising costs for employers. Marsh's Health and Benefits practice comprises over 2,500 US Health consultants who provide services in benchmarking, data analytics, financial management, marketing, compliance, and communication, emphasizing client focus, integrity, expertise, and innovation. The company is committed to ethical and transparent business practices.

Requirements

• Progress towards a bachelor’s degree in actuarial science, math, statistics, economics, engineering or other related fields
• Status as a currently enrolled student; candidates should have an expected graduation date in the Fall of 2027 or Spring of 2028
• Record of top academic achievement (minimum preferred GPA: 3.0/4.0)
• A commitment to achieving a Society of Actuaries (SOA) designation
• Legal work authorization in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future

Nice To Haves

• Strong analytical skills, both quantitative and qualitative
• Working knowledge of Microsoft Office—Word, Excel, and PowerPoint—and advanced programming skills are a plus (e.g. R, Python, SAS and SQL)
• Knowledge of data analysis, project management, and presentation design
• Excellent interpersonal, verbal, and written communication skills
• Intellectual curiosity; seeking opportunities to develop new skills
• Superior organizational skills and strong attention to detail

Responsibilities

• Perform responsibilities comparable to full-time analysts with support from experienced colleagues
• Complete comprehensive analysis of health care data using spreadsheet and database management software
• Assist in the development of client communications, proposals, reports, spreadsheets, and presentations
• Perform basic cost projections using client cost and enrollment data with Marsh's valuation model
• Price medical & prescription drug plan designs using proprietary Marsh's tools
• Assist in the development of customized pricing through alternate scenario modeling of plan designs, programs and/or employee contributions to meet employers financial target
• Develop basic underwriting and actuarial skills as you build an awareness of health care plan design, cost factors and numerous industry products, services and tools (including Marsh's Health products)
• Work in a fast-paced, challenging and dynamic consulting environment with colleagues across all organizational levels

Benefits

• Professional development opportunities
• Interesting work
• Supportive leaders
• Vibrant and inclusive culture
• Talented colleagues
• Opportunities to create new solutions and have impact for colleagues, clients and communities
• Range of career opportunities
• Benefits and rewards to enhance well-being

What This Job Offers

• Career Level: Intern