Actuarial Intern: Life Pricing & Modeling (Summer 2027)

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 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.