Actuarial Internship Program - Summer 2027

Liberty Mutual Insurance; Chicago (IL); On-site; USD 28,000 - 41,000; Full time

Job summary

Liberty Mutual Insurance in Chicago is seeking an Actuarial Intern for the Summer 2027 Early Talent program. The 11-week internship covers reserving, pricing, modeling and analytics.

You’ll work with actuaries on data analyses, rate indications, trainings, and gain hands-on experience while developing business and technical acumen. Candidates pursuing Mathematics, Economics or Actuarial Science with solid academics and leadership potential are encouraged to apply.

Qualifications

• Pursuing a degree in Mathematics, Economics, or Actuarial Science with strong GPA.
• Interest in actuarial functions across reserving, pricing, modeling, and analytics.
• Demonstrated leadership and communication skills; exams are encouraged but not required.

Responsibilities

• Support actuarial analyses and data insights.
• Assist in rate level indications and model development.
• Participate in trainings to learn core actuarial concepts.

Skills

Mathematics

Economics

Analytical thinking

Leadership

Communication

Education

Mathematics or related field

Tools

Excel

R

SQL

Job description

DescriptionWe encourage interested candidates to apply promptly, as the role may be unposted once we’ve received a sufficient number of candidates. We conduct interviews and extend offers on a rolling basis.Our Summer 2027 Early Talent internships are a set 11-weeks in length, with 2 options for start/end dates. Limited exceptions to these start/end dates may be considered on a case-by-case basis:May 17, 2027 - July 30, 2027June 1, 2027 - August 13, 2027If analyzing the financial costs of risk and uncertainty is your thing, join us! Put your analytical skills to work—and drive the future of Liberty Mutual—when you pursue an 11-week internship with the Actuarial Development Program.Liberty Mutual actuaries solve challenging business problems and bring value to our customers. Actuarial interns are valued members of our team, and support business needs with data analysis and insight.The detailsAs an Actuarial Intern, you’ll grow your knowledge of personal and commercial insurance products across a wide variety of disciplines, such as reserving, pricing, modeling, and analytics.You’ll also gain hands-on experience with various analyses, such as the preparation of rate level indications, and attend formal trainings to learn critical actuarial concepts.We are focused on building actuarial skills needed for today and tomorrow. You’ll learn the tips of the trade from some of the best actuaries in the industry through hands-on experience and technical training. After completing the internship, you will have stronger business skills and technical acumen.QualificationsWhat you’ve gotYou’re pursuing a degree in Mathematics, Economics, Actuarial Science, or related discipline, with a strong academic record (3.0 or higher cumulative GPA preferred).You desire to work across a variety of actuarial functions and environments.You’re a problem solver, with a keen sense of analytical reasoning and mathematical concepts.You demonstrate proven leadership skills, with experience in a student organization, academic project, or community service organization.You possess strong written and interpersonal communication skills.You are naturally curious and have passion for learning.Actuarial Exam sittings or passing scores are preferred, but not required.About UsPay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefitsLiberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.Fair Chance NoticesCaliforniaLos Angeles IncorporatedLos Angeles UnincorporatedPhiladelphiaSan Francisco