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

Marsh McLennan•Chicago, IL

3d•Hybrid

About The Position

This is a summer internship position within Mercer's Health and Benefits practice, specifically in the Health Actuarial and Financial Group (AFG) of Marsh's People and Investments business. The intern will assist employers in managing employee benefits, people risk, and benefit cost. The role involves predicting, monitoring, and managing rising costs for employers. Marsh's Health and Benefits practice has over 2,500 US Health consultants who provide consistent approaches to benchmarking, data analytics, financial management, marketing, compliance, and communication. The company emphasizes client focus, integrity, expertise, and innovation, and 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