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Internship Actuarial Modeling Jobs (NOW HIRING)

Lockton Companies

Actuarial Analyst

Chicago, IL · On-site

  • Medical

Utilize actuarial and financial modeling tools to estimate the potential impact of health plan ... internship experience all accepted). Strong computer skills, including proficiency in Microsoft ...

Lockton Companies

Actuarial Analyst

Saint Louis, MO

  • Medical

Utilize actuarial and financial modeling tools to estimate the potential impact of health plan ... internship experience all accepted). Strong computer skills, including proficiency in Microsoft ...

Lockton

Actuarial Analyst

Chicago, IL · On-site

  • Medical

... modeling; partner with client service teams to review findings and trends. • Assist in delivery ... coursework and internship experience all accepted). • Strong computer skills, including ...

Lockton

Actuarial Analyst

Saint Louis, MO · On-site

  • Medical

... modeling; partner with client service teams to review findings and trends. • Assist in delivery ... coursework and internship experience all accepted). • Strong computer skills, including ...

Ameriprise Financial

Actuarial Analyst

Minneapolis, MN

$66K - $91K/yr

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

... actuarial models. Prepare related reports, summarizing and communicating results. Key ... Actuarial internship experience. * Experience with MS Excel, VBA, MS Access, and other database ...

Athena Actuarial Consulting

Actuarial Analyst

Minneapolis, MN · Remote

$63K - $75K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

At Athena, our Actuarial Analysts don't just build models, they work side-by-side with experienced ... internships, or early career * Progress toward ASA or FSA designation * Strong problem-solving ...

Ameriprise Financial

Actuarial Analyst

Minneapolis, MN · On-site

$66K - $91K/yr

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

... actuarial models. Prepare related reports, summarizing and communicating results. Key ... Actuarial internship experience. * Experience with MS Excel, VBA, MS Access, and other database ...

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Internship Actuarial Modeling information

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How much do internship actuarial modeling jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for internship actuarial modeling in the United States is $24.28, according to ZipRecruiter salary data. Most workers in this role earn between $17.55 and $25.48 per hour, depending on experience, location, and employer.

What is an internship in actuarial modeling?

An Internship in Actuarial Modeling is a temporary position, typically for students or recent graduates, that provides hands-on experience in applying mathematical and statistical methods to assess risk in insurance, finance, and other industries. Interns work under the supervision of experienced actuaries and may assist with building models, analyzing data, and preparing reports. This role helps interns develop key technical skills and gain practical exposure to the actuarial profession, often serving as a stepping stone to a full-time actuarial career.

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

To thrive in an Internship Actuarial Modeling role, you need strong mathematical and statistical skills, proficiency in data analysis, and progress towards or completion of actuarial exams. Familiarity with actuarial software (such as SAS, R, or Excel), as well as knowledge of programming languages like Python or VBA, is often required. Analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting complex data and collaborating with teams. These skills are important for producing accurate models, supporting business decisions, and ensuring regulatory compliance in actuarial work.

What types of projects or tasks can I expect to work on during an internship in actuarial modeling?

As an intern in actuarial modeling, you will likely participate in a variety of hands-on projects, such as building and validating predictive models, analyzing large datasets, and preparing reports to support business decisions. You'll often use statistical software and Excel to assist with tasks like pricing, reserving, or risk assessment. Collaboration is key, as you'll work closely with experienced actuaries, analysts, and sometimes IT or finance teams, gaining exposure to real-world applications of actuarial science. This experience will help you develop technical and communication skills that are valuable for a future actuarial career.

What is the difference between Internship Actuarial Modeling vs Actuarial Analyst?

AspectInternship Actuarial ModelingActuarial Analyst
CredentialsTypically pursuing actuarial exams, student statusOften has completed some exams, may hold entry-level credentials
Work EnvironmentInternship setting, supervised, learning-focusedFull-time, professional environment, more independent
Employer & IndustryInsurance companies, consulting firms, during internship periodsInsurance, finance, consulting firms, permanent role

Internship Actuarial Modeling roles are temporary, focused on training and skill development, often held by students. Actuarial Analysts are full-time professionals responsible for analyzing data, building models, and supporting decision-making. The main difference lies in experience level, responsibilities, and employment status, with internships serving as a stepping stone toward a full actuarial career.

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Internship Actuarial Modeling jobs near you
Infographic showing various Internship Actuarial Modeling job openings in the United States as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, and 3% Contract. Highlights an 84% Physical, 5% Hybrid, and 11% Remote job distribution, with an average salary of $50,506 per year, or $24.3 per hour.

Actuarial Analyst

Lockton Companies

Chicago, IL • On-site

Full-time

Medical

Re-posted 9 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 308 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 selffunded 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. 

Additional Information
  • Maximum Salary : US Dollar (USD) 95,000
  • Minimum Salary: US Dollar (USD) 65,000

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