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

Marsh McLennan•Chicago, IL

1d•Hybrid

About The Position

This role is for a Health and Benefits Actuarial Summer Intern within Mercer's Health Actuarial and Financial Group (AFG), part of the People and Investments business at Marsh. The intern will be based in Chicago, IL or Houston, TX. This is a hybrid role requiring at least three days a week in the office. The Health and Benefits practice helps employers manage the complexities of employee benefits, people risk, and employee benefit cost management, with a focus on predicting, monitoring, and managing rising costs. Marsh's People and Investments US Health consultants provide services in 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