Actuarial Intern

Acturhire; Chicago (IL); On-site; USD 33,000 - 36,000; Full time

Job summary

Chubb Benefits is seeking an Actuarial Intern for a Summer 2027 internship in the Chicagoland area. The role supports life insurance pricing, reserves, modeling, and filings while offering exposure to actuarial software and analytics.

Strong communication, teamwork, and academic achievement are valued. In-office four days a week with one day remote, the position emphasizes hands-on project work and collaboration with mentors.

Qualifications

• MS Office skills including Word, Excel, PowerBI, and Outlook.
• Completion of 1+ actuarial exam.
• Exposure to SQL, R, Python, Axis a plus.
• Actively enrolled in an undergraduate or graduate program (Dec 2027 or May 2028 graduate).
• Local to Chicagoland area; In-office four days per week and one day remote.

Responsibilities

• Perform fundamental actuarial tasks in support of life insurance product pricing, assumption setting, experience analysis, reserving, modelling, state filings and system implementation.
• Assist with calculating reserve liabilities; gain experience with modelling and verifying actuarial software output.
• Process improvement that would impact the department.
• Use Microsoft Excel to relay results to management, auditors, and regulators; perform ad-hoc analysis as needed.

Skills

Excel

Power BI

Word

Outlook

Oral and written communication

Teamwork

Actuarial exam readiness

Education

Actuarial Science / Mathematics / Economics / Statistics major

Completion of 1+ actuarial exam

Tools

SQL

R

Python

Axis

Job description

Chubb Benefits, a Chubb company, is seeking anActuarial Internto join our fast-paced, high energy, growing company for a Summer 2027 internship. Chubb Benefits is a leading provider of individual supplemental accident, disability, health and life insurance products.We pride ourselves on being customer-centric, people-driven, accountable, performance-minded and ethical. Spend your summer working as a Combined Insurance Intern where you will have the opportunity to gain career-building experience.

Who are we looking for?

Successful interns at Chubb Benefits come from many backgrounds and experiences and bring that rich diversity with them to our company. They also have some things in common, and these attributes will lead to your success at Chubb Benefits:

• Results orientation: a demonstrated ability to meet commitments; including under pressure
• Intellectual agility: capable and willing to master and apply new knowledge
• Personal capacity: accepting and welcoming of additional responsibility over time
• Communication skills: an ability to communicate successfully in various settings
• Interpersonal/team skills: able to work effectively with colleagues at all levels
• Self-leadership: an ability to take full ownership of work and show initiative as needed
• Client focused: understanding of the needs of customers and clients
• Work ethic: a commitment to hard work and a high ethical conduct

Examples of potential intern tasks/projects:

• Perform fundamental actuarial tasks in support of life insurance product pricing, assumption setting, experience analysis, reserving, modelling, state filings and system implementation
• Assist with calculating reserve liabilities. Gain experience with modelling and verifying actuarial software output.
• Process improvement that would impact the department.
• Use Microsoft Excel to relay results to management, auditors, and regulators. Perform ad-hoc analysis as needed.

• MS Office skills including Microsoft Word, Excel, PowerBI, and Outlook
• Completion of 1+ actuarial exam
• Exposure to SQL, R, Python, Axis a plus
• Oral and written communication skills
• Strong record of academic achievement (3.5 cumulative GPA to qualify)
• Actively enrolled in an undergraduate or graduate program (December 2027 or May 2028 graduate)
• Prior Actuarial Internship, preferred
• Local to Chicagoland area; In-office expectation of 4 days in office and 1 day remote.

Preferred Majors:

• Actuarial Science, Mathematics, Economics, or Statistics

Located in/near: Chicago, IL (in office four days/week)

Schedule:10 Weeks (May 24 – Aug. 6); Full-time, M-F 8:30am – 5:00pm CT (in office four days/week)

The pay range for this internship is $24 to $26 per hour. The specific offer will depend on an applicant’s skills and other factors. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.