Actuarial Intern

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

Job summary

Chubb Benefits in Chicago, IL is seeking a Summer 2027 Actuarial Intern to gain hands-on experience in life insurance pricing, reserving, and modelling. You will work on tasks such as experience analysis, state filings support, and communicating results to management.

The role requires completing 1+ actuarial exams, strong MS Office skills (PowerBI, Excel), and coursework in actuarial science. In-office four days per week with a 10-week schedule (May 24 – Aug.

Qualifications

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

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

MS Office

Oral and written communication

GPA 3.5

Actuarial exam

In-office 4 days/week

Education

Undergraduate or graduate program (Dec 2027 or May 2028 graduate)

Tools

PowerBI

SQL

R

Python

Axis

Job description

Chubb Benefits, a Chubb company, is seeking an Actuarial Intern to 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.

Qualifications

• 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.