Investment Analyst Intern

Milliman • Chicago, IL

14h • $21 - $43 • Hybrid

About The Position

Milliman’s Financial Risk Management (FRM) practice is composed of a focused, multi-disciplinary team of actuaries, financial engineers, capital markets professionals, and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, capital requirements, and mergers and acquisitions. 

The Intern role will have a diverse workload spanning institutional investment consulting, fund product management, and financial management. Your work may focus on investment fund performance and attribution reporting, fund benchmarking, regulatory financial reporting, as well supporting our ETF business in a product management capacity.

Requirements

• Currently enrolled in a Bachelor’s program in Finance, Economics, Actuarial Science, or a related field with strong emphasis on mathematics, quantitative analysis, and/or programming.
• Ability to code in Python or VBA to automate financial calculations across large datasets.
• Strong project management skills, including clear communication and effective time management.
• Demonstrated analytical and creative problem-solving skills; able to work independently and collaboratively.
• Self-motivated with intellectual curiosity and a results-oriented work ethic.

Responsibilities

• Evaluate investment fund performance across asset classes, develop portfolio attribution, and commentary.
• Assist consultants in creating client presentations.
• Support RFPs and due diligence questionnaires for new business opportunities.
• Write code in Python or VBA to automate financial performance metrics across large datasets.
• Conduct market research related to investment management and investment consulting.
• Work across portfolio management, marketing, and legal teams to complete time-sensitive tasks.
• Assist with fund financial reporting and related fund administration duties.

Benefits

• Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
• 401(k) Plan – When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
• Paid Time Off (PTO) – Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
• Transportation – Pre-tax savings for eligible transit and parking expenses.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern