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Internship Actuarial Development Program Jobs in Deerfield, IL

Lockton

Actuarial Analyst

Chicago, IL · On-site

... development and plan design modeling; partner with client service teams to review findings and ... coursework and internship experience all accepted). • Strong computer skills, including ...

Odyssey

Actuarial Manager

Chicago, IL

$150K - $190K/yr

... and program administrators. Hudson underwrites specialty primary and excess insurance on an ... Oversee the development and implementation of pricing strategies and methodologies to ensure ...

OdysseyRe

Actuarial Manager

Chicago, IL · On-site

$150K - $190K/yr

... and program administrators. Hudson underwrites specialty primary and excess insurance on an ... Oversee the development and implementation of pricing strategies and methodologies to ensure ...

Bdx

BD Engineering Development Program

Vernon Hills, IL · On-site

BD Engineering Development Program Program Overview The BD Engineering Development Program (EDP) is ... Relevant internship or co-op experience * Strong leadership, communication, and problem-solving ...

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

Modeling and financial projections for actuarial appraisals. * Development and analysis of ... Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program of ...

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

Modeling and financial projections for actuarial appraisals. * Development and analysis of ... Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program of ...

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Internship Actuarial Development Program information

See Deerfield, IL salary details

$13

$24

$66

How much do internship actuarial development program jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for internship actuarial development program in Deerfield, IL is $24.69, according to ZipRecruiter salary data. Most workers in this role earn between $17.84 and $25.91 per hour, depending on experience, location, and employer.

What is an internship actuarial development program?

An Internship Actuarial Development Program is a structured internship designed to give students hands-on experience in the actuarial field, often within insurance or financial services companies. Interns work on real-world projects, such as analyzing data and assessing risk, while learning from experienced actuaries. These programs help participants develop technical and professional skills, and often serve as a pipeline for full-time actuarial positions after graduation. Participants may also receive support in preparing for actuarial exams during the internship.

What are the key skills and qualifications needed to thrive as an internship actuarial development program participant?

To excel in an Internship Actuarial Development Program, strong analytical abilities, proficiency in mathematics and statistics, and progress toward actuarial exams (such as SOA or CAS) are generally required. Familiarity with actuarial software (like Excel, VBA, SAS, or R) and statistical modeling tools is highly valued. Standout candidates demonstrate problem-solving skills, attention to detail, and effective communication for translating complex data to non-technical stakeholders. These competencies enable interns to contribute meaningful analysis, adapt to challenging tasks, and build a solid foundation for a future actuarial career.

What types of projects or tasks can interns expect to work on during the actuarial development program?

Interns in the Actuarial Development Program typically support experienced actuaries by assisting with data analysis, building and updating actuarial models, and preparing reports for risk assessment and pricing. They may also participate in projects related to insurance product development, financial forecasting, or regulatory compliance. Collaboration with cross-functional teams such as underwriting, finance, and IT is common, offering exposure to different aspects of the business and valuable networking opportunities. These experiences help interns develop both technical and professional skills relevant to a future actuarial career.

What cities near Deerfield, IL are hiring for Internship Actuarial Development Program jobs?

Cities near Deerfield, IL with the most Internship Actuarial Development Program job openings:

Internship Actuarial Development Program jobs near you

Actuarial Analyst

Lockton

Chicago, IL • On-site

Full-time

Medical

Re-posted 18 days ago

Lockton rating

9.0

Company rating: 9.0 out of 10

Based on 47 frontline employees who took The Breakroom Quiz

35th of 311 rated insurance

Job description

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES
• Work collaboratively with client service and actuarial/financial teams to collect, validate, and reconcile data for accuracy and consistency.
• Integrate data from multiple sources into actuarial and financial client reports and deliverables.
• Prepare routine financial and actuarial reports for self-funded clients including ongoing claim reporting, rate setting, contribution development and plan design modeling; partner with client service teams to review findings and trends.
• Assist in delivery of comprehensive financial reporting and insights to clients related to their health benefit plans.
• Build and maintain basic to moderately complex actuarial models to analyze, illustrate, and project medical/Rx loss trends and client plan performance.
• Prepare spreadsheets, graphs, charts, and other visualization tools to clearly communicate healthcare-related insights to clients.
• Utilize actuarial and financial modeling tools to estimate the potential impact of health plan design changes, regulatory changes, and health reform on client costs.
• Support development of health plan reserve estimates for self-funded clients.
• Produce custom analytics and reporting for unique client requests, leveraging actuarial and benchmark data where appropriate.
• Serve as a developing Subject Matter Expert on financial and actuarial reporting, building expertise over time.
• Learn and apply internal systems, tools, and modeling platforms to improve efficiency and analytical accuracy.
• Stay current on insurance/benefits industry developments, emerging trends, and actuarial best practices.
• Contribute to a positive client experience through accuracy, responsiveness, and clear communication.
• Participate in internal team meetings and trainings, including actuarial skill development sessions.
• Perform other responsibilities as assigned.
Compensation and Benefits
Lockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location.
Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.
Check out Lockton Benefits Offerings Here
EDUCATION, EXPERIENCE, AND SKILLS REQUIRED
• Bachelor's degree in actuarial science, mathematics, statistics, finance, economics, or related quantitative field.
• 2+ years of health benefits experience at a brokerage/consulting firm or insurance carrier preferred.
• Completion of actuarial exams preferred; candidates with 2 or more exams encouraged to apply.
• Strong analytical and quantitative skills with an interest in actuarial career progression (including pursuit of at least ASA designation).
• Excellent communication and customer service skills with the ability to support multiple client team relationships.
• Working knowledge of employee benefits, health insurance, and/or risk concepts preferred (job, school coursework and internship experience all accepted).
• Strong computer skills, including proficiency in Microsoft suite, especially Excel (pivot tables, formulas, data manipulation); experience with VBA, SQL, Python, or similar programming language is a plus.
• Excellent organizational skills and attention to detail.
• Legal right to work in the United States.

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