WSP Actuarial Intern, Chicago

Westfield Specialty Insurance; Chicago (IL); On-site; USD 28,000 - 40,000; Full time

Benefits offered by this job

Paid internship

Job summary

Westfield Specialty Insurance invites promising students to join its 10-week Summer Intern Program in Chicago. You will work with the Actuary team, performing analyses, building models, and presenting findings to leaders across the business.

This paid internship runs June 7 through August 13, offering classroom and on-the-job training, mentoring, and collaboration with underwriting, finance, and claims teams.

Qualifications

• Pursuing Bachelor’s or Master’s degree in a quantitative field such as Actuarial Science, Math, Stats, Economics, Data Analytics.
• Actuarial exam(s) in progress or completed strongly preferred.
• Proficiency in Excel; SQL/R/Python/Power BI or similar tools is a plus.
• Strong analytical, problem-solving, and communication skills.
• Ability to manage multiple priorities and work well in a team.

Responsibilities

• Assist with actuarial analyses supporting pricing initiatives.
• Gather, validate, and analyze large data sets using actuarial and statistical techniques.
• Support development and maintenance of actuarial models, reports, and dashboards.
• Prepare summaries, presentations, and recommendations based on analysis.
• Collaborate with underwriting, finance, claims, and other partners to support decisions.
• Conduct research on industry trends, market conditions, and emerging risks.

Skills

Analytical thinking

Mathematical proficiency

Communication

Teamwork

Attention to detail

Multitasking

Education

Bachelor’s/Master’s in Actuarial Science or quantitative field

Tools

Excel

SQL

R

Python

Power BI

Job description

Job Description

The Westfield Specialty Intern Program is a paid, ten-week program that offers students the opportunity to obtain firsthand insight into the insurance business. Every day you'll learn and develop your skills but you'll also have a clear and supportive path ahead of you. You'll gain the confidence to take on real projects, build your network and learn from senior leaders across our business. The 2027 Summer Intern Program will run from June 7 th to August 13 th.

We are seeking Intern candidates to work with our Actuary team in our Chicago, IL office.

Program Elements Include

• Classroom and On The Job Training
• Weekly Lunch and Learn Series with Senior Leaders
• Formal Mentor Program
• Presentations from Major Brokerage Partners
• Teambuilding and Social Activities; including Community Service Event
• Industry based Group Project

Participants in the Westfield Specialty Summer Intern Program are immersed in the day-to-day operations of a fast-moving, growing insurance company. You will gain valuable, hands-on experience and insurance industry knowledge during the 10-week program. As a summer intern you will work side-by-side with industry leaders on dynamic projects that provide ample opportunity for challenges, learning and achievement. At Westfield Specialty, we are proud to emphasize the education and development for the future leaders of the insurance industry.

2027 Summer Intern Program Openings

• Alpharetta, GA: Underwriting
• Berkeley Heights, NJ: Claims, IT, Operations
• Chicago, IL: IT, Underwriting, Actuary
• New York, NY: Actuary, Marketing, Underwriting

For those who excel in the program, we would welcome the opportunity to discuss full-time employment opportunities at Westfield Specialty after graduation as part of our Trainee Program.

As Part Of Our Internship Program You Will Receive

• Targeted business training designed to help you refine your professional skills and acumen critical to the success of Westfield professionals;
• Technical training to deepen your skill level within your chosen discipline; and an understanding of the broader insurance industry;
• Access to additional training to compliment your professional development.
• Opportunity to expand your professional network with talented insurance professionals

Responsibilities

• Assist with actuarial analyses supporting pricing initiatives.
• Gather, validate, and analyze large data sets using actuarial and statistical techniques.
• Support the development and maintenance of actuarial models, reports, and dashboards.
• Prepare summaries, presentations, and recommendations based on analytical findings.
• Assist in evaluating trends related to claims, premium, exposure, and profitability.
• Participate in data quality reviews and process improvement initiatives.
• Collaborate with underwriting, finance, claims, and other business partners to support strategic decision-making.
• Conduct research on industry trends, market conditions, and emerging risks.
• Complete special projects and ad hoc analyses as assigned.

  Desired Qualifications

  • Currently pursuing a Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Data Analytics, or a related quantitative field.
  • At minimum must be sitting for Actuarial Exam; successful completion of one or more actuarial exams highly preferred
  • Proficiency in Microsoft Excel; experience with SQL, R, Python, Power BI, or other analytical tools is a plus.
  • Strong analytical, problem-solving, and critical-thinking skills.
  • Excellent verbal and written communication abilities.
  • Ability to manage multiple priorities and work effectively both independently and as part of a team.
  • Demonstrated attention to detail and commitment to accuracy.
  • Ability to be onsite in office 4 days a week

  This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

  This is a paid internship. Intern will be paid on an hourly basis at the rate of $25/hour.

  #wsp

  This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

  Equal Opportunity Employer

  United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

  United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.