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Actuarial Intern Jobs in Racine, WI (NOW HIRING)

Milliman

Actuarial Analyst (CMH Health)

Brookfield, WI · On-site

$60K - $136K/yr

Milliman'sCMH Health Practice islooking for Actuarial Analysts tojointheir vibrant, dynamic, and growing practice. ActuarialAnalysts (referred to as Professional Staff)will have the opportunity to ...

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All JobsActuarial Intern JobsActuarial Intern Jobs in Racine, WI

Actuarial Intern information

See Racine, WI salary details

$12

$22

$61

How much do actuarial intern jobs pay per hour?

As of Aug 16, 2026, the average hourly pay for actuarial intern in Racine, WI is $22.77, according to ZipRecruiter salary data. Most workers in this role earn between $16.44 and $23.89 per hour, depending on experience, location, and employer.

What is an actuarial intern?

Actuarial Interns are students or recent graduates who work temporarily in actuarial departments, typically within insurance companies, consulting firms, or financial institutions. They assist professional actuaries by analyzing statistical data, constructing models, and helping to assess financial risks. Internships provide practical experience with real-world data and exposure to industry-standard software and techniques. This role is valuable for those pursuing an actuarial career, as it helps them develop relevant skills and prepares them for professional actuarial exams.

What does an actuarial intern do?

An actuarial intern provides support to junior and senior level actuaries in an insurance firm or other business settings. As an actuarial intern, your job duties are to gather data, analyze risk, and prepare reports. Your responsibilities as an actuarial intern are to build mathematical models and to predict the probability and risk of future events. Your internship is an opportunity to collaborate with actuarial project teams, attend workshops, learn a variety of methods, and practice the technical skills of an actuary’s career.

What types of projects or tasks can an actuarial intern typically expect to work on during their internship?

As an Actuarial Intern, you can expect to support experienced actuaries with tasks such as data analysis, preparing reports, and assisting in the development of models for pricing, reserving, or risk assessment. Interns often work with large datasets, perform research, and may help automate processes using tools like Excel, SQL, or specialized actuarial software. Collaboration with other teams—like underwriting or finance—is common, offering valuable exposure to how actuarial work supports overall business decisions. This hands-on experience helps build both technical and communication skills, which are essential for a future actuarial career.

What are the key skills and qualifications needed to thrive as an actuarial intern, and why are they important?

To thrive as an Actuarial Intern, you typically need strong mathematical and statistical skills, proficiency in data analysis, and progress toward actuarial exams such as those from the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS). Familiarity with actuarial software, Excel, and programming languages like Python or R is often required. Analytical thinking, attention to detail, and effective communication help interns interpret data and present findings clearly. These skills are crucial for supporting actuarial teams in assessing risk and informing business decisions.

What is the difference between Actuarial Intern vs Actuarial Analyst?

AspectActuarial InternActuarial Analyst
CredentialsTypically pursuing actuarial exams, student statusOften has completed some exams, may hold entry-level certifications
Work EnvironmentInternship setting, learning-focused, temporaryFull-time, professional environment, more responsibility
Employer & IndustryInsurance companies, consulting firms, government agenciesSame as intern, but with increased expectations

In summary, an Actuarial Intern is a temporary, learning-focused role for students working towards actuarial credentials, while an Actuarial Analyst is a full-time position with greater responsibilities and experience requirements within the same industry.

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Actuarial Intern jobs near you
Infographic showing various Actuarial Intern job openings in Racine, WI as of August 2026, with employment types broken down into 20% Internship, 1% As Needed, 53% Full Time, 22% Part Time, 1% Temporary, and 3% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $47,359 per year, or $22.8 per hour.

Actuarial Intern, Summer 2027

Northwestern Mutual Life Insurance Company

Milwaukee, WI • On-site

$30/hr

Full-time

Posted 5 days ago

Northwestern Mutual rating

8.0

Company rating: 8.0 out of 10

Based on 74 frontline employees who took The Breakroom Quiz

164th of 308 rated insurance

Job description

Carefully selected from universities across the country, our interns bring distinctive ideas and perspectives to our organization. Our employees are passionate about building our emerging talent and future leaders. In addition to their day-to-day tasks, interns participate in professional development workshops, senior leadership Q&A's, volunteer initiatives, networking/social events, and more!
Actuarial Internship
As an actuarial intern, you will work alongside your manager, mentors, and team to complete tasks critical for Northwestern Mutual's success. We are here to help you both identify and continue to develop your future career goals and passions.
Actuarial interns work under the direction of a credentialed actuary in any one of the following roles:
  • Life, Long Term Care, Disability Income, or Annuity Pricing
  • Risk Experience Analytics
  • Corporate Modeling
  • Valuation

Interns will utilize their skills to research problems, analyze data, and present their findings. Study hours are incorporated into the workday. In addition, actuarial interns have opportunities to learn about the different products the company offers and to network with actuaries in senior leadership positions both within the actuarial department and throughout the company.
Bring Your Best! What this role needs. Minimum qualifications
  • Pursuing a Bachelor's degree in Actuarial Science or related field from an accredited college or university
  • Cumulative grade point average of 3.0 or higher
  • Employer immigration sponsorship is not available for this role
  • Working knowledge of Excel or similar office tools

Preferred skills and proficiencies
  • Successful completion of an SOA exam preferred
  • Previous actuarial internship and/or relevant project experience preferred
  • Effective oral and written communication skills
  • Demonstrated analytical and problem-solving ability
  • High degree of self-motivation, passion, and a drive to learn
  • Ability to balance multiple priorities

Next steps
We encourage you to apply! Once your application is reviewed, if selected to move forward, a member of the team will reach out regarding next steps of our recruiting process.
Compensation Range:
Pay Range - Start:
$16.50
Pay Range - End:
$30.00
We believe in fairness and transparency. It's why we share the salary range for most of our roles. Internship salaries are determined based on academic tenure and major. The standard pay structure is listed.
Build a strong career foundation with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!
Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

What Northwestern Mutual employees say

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About Northwestern Mutual

Sourced by ZipRecruiter

Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation, and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

Milwaukee, WI, US

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