ZipRecruiter

Log In

1

Risk Analyst Intern Jobs in Indiana (NOW HIRING)

Franklin Electric

Systems Engineering Intern

Fort Wayne, IN · On-site

$16.50 - $21.50/hr

Failure and risk analysis (e.g., DFMEA) * Verification and validation * Use Case development ... Our Intern positions offer responsibility, autonomy, and best-in-class training. The Franklin ...

Freddie Mac

$14.75 - $20/hr

... Analytics, Economics, Finance, Risk Management, Technology (including Cyber and Software ... Freddie Mac -Our intern and analyst/full-time programs -Comprehensive rewards including ...

Posted today

Freddie Mac

$14.50 - $19.50/hr

... Analytics, Economics, Finance, Risk Management, Technology (including Cyber and Software ... Freddie Mac -Our intern and analyst/full-time programs -Comprehensive rewards including ...

Posted today

Freddie Mac

$15 - $20.25/hr

... Analytics, Economics, Finance, Risk Management, Technology (including Cyber and Software ... Freddie Mac -Our intern and analyst/full-time programs -Comprehensive rewards including ...

Posted today

next page

Showing results 1-20

All JobsRisk Analyst Intern JobsRisk Analyst Intern Jobs in Indiana

Risk Analyst Intern information

See Indiana salary details

$11

$21

$40

How much do risk analyst intern jobs pay per hour?

As of Aug 7, 2026, the average hourly pay for risk analyst intern in Indiana is $21.41, according to ZipRecruiter salary data. Most workers in this role earn between $16.49 and $23.32 per hour, depending on experience, location, and employer.

What is the difference between Risk Analyst Intern vs Risk Analyst?

AspectRisk Analyst InternRisk Analyst
Required CredentialsTypically pursuing or recently completed a degree in finance, economics, or related fieldsBachelor's degree often required; certifications like FRM or CRM preferred
Work EnvironmentInternship setting, often part-time or temporary, in financial institutions or consulting firmsFull-time professional role in banks, insurance companies, or investment firms
Employer & Industry UsageUsed in entry-level or training programs within finance and risk management sectorsEstablished role with ongoing responsibilities in risk assessment and mitigation

The main difference between a Risk Analyst Intern and a Risk Analyst lies in experience, responsibilities, and employment status. Interns are typically students gaining initial exposure, while Risk Analysts are full-time professionals handling complex risk assessments.

What types of projects and responsibilities can a risk analyst intern expect during their internship?

As a Risk Analyst Intern, you will typically assist with identifying, assessing, and monitoring potential risks within the organization. Your daily tasks may include analyzing data sets, preparing risk reports, supporting the development of risk models, and collaborating with senior analysts to evaluate financial or operational risks. Interns often participate in cross-functional meetings and may help implement risk mitigation strategies, giving you practical exposure to industry tools and methodologies. This role is a great opportunity to build analytical skills, learn about regulatory requirements, and gain hands-on experience in risk management processes.

What are the key skills and qualifications needed to thrive as a risk analyst intern, and why are they important?

To thrive as a Risk Analyst Intern, you need strong analytical abilities, attention to detail, and foundational knowledge in finance, economics, or statistics—often supported by progress toward a relevant degree. Familiarity with data analysis tools such as Excel, SQL, or statistical software, and sometimes basic knowledge of risk management frameworks, is typically expected. Effective communication, problem-solving skills, and a willingness to learn help interns stand out in this role. These skills are crucial for accurately identifying, assessing, and communicating potential risks to support informed business decision-making.
What are the most commonly searched types of Risk Analyst jobs in Indiana? The most popular types of Risk Analyst jobs in Indiana are:
What are popular job titles related to Risk Analyst Intern jobs in Indiana? For Risk Analyst Intern jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Risk Analyst Intern jobs in Indiana look for? The top searched job categories for Risk Analyst Intern jobs in Indiana are:
What cities in Indiana are hiring for Risk Analyst Intern jobs? Cities in Indiana with the most Risk Analyst Intern job openings:
Risk Analyst Intern jobs near you
Infographic showing various Risk Analyst Intern job openings in Indiana as of July 2026, with employment types broken down into 1% As Needed, 86% Full Time, 11% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $44,542 per year, or $21.4 per hour.

Actuarial Analyst Intern (Summer 2027) - Indianapolis Health

Milliman

Indianapolis, IN • On-site

Full-time

Medical, Life, Retirement, PTO

Posted 3 days ago

New

Milliman rating

8.0

Company rating: 8.0 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Job description

Overview
Milliman's Indianapolis Health practice is seeking an Actuarial Analyst Intern (Summer 2027) to join our growing Health and Human Services team, currently supporting actuarial services for 10+ states across the U.S. Interns will work on a project(s) and deliver a presentation on their work at the end of the summer. Our flat structure provides ample opportunity for self-motivated actuarial analysts to ask questions, learn fast, interact with leading experts in the field, and take initiative to develop personalized professional goals. Our staff are highly engaged with interns throughout the 11-week experience. From work assignments, and professional development, to cultural excursions, the cohort will have many opportunities to learn why Milliman is a great place to begin an actuarial career.
Responsibilities
In this role, you will:
  • Analyze healthcare cost and utilization data using claims databases
  • Examine benefit plan and insurance pricing
  • Perform experience analysis and reserving
  • Complete technical research and computer modeling
  • Provide financial and statistical analysis
  • Reconcile claims data and project future costs
  • Support ad-hoc client requests
  • Support senior staff in strategic projects such as supporting clients through environmental changes or healthcare reform
  • Prepare and present written reports and oral presentations to communicate analysis results
  • Use emerging tools, including AI-enabled technologies, to support analysis, workflow efficiency, and communication of results

Qualifications
  • A desire to expand actuarial skills and be committed to obtaining Fellowship
  • Knowledge of Excel
  • Willingness to learn new software and coding skills (SQL, SAS, VBA, etc.)
  • Time management skills
  • Strong analytical, communication (written and oral), and organizational skills
  • Basic knowledge of Gen AI tools, how to utilize AI to enhance productivity, and potential ethical considerations or concerns

Required:
  • Working toward a Bachelor's or Master's Degree in actuarial science, mathematics, statistics or another related quantitative field

Preferred:
  • Cumulative GPA of 3.3 or higher
  • Passed, at minimum, 1 Society of Actuaries exam

Internship Highlights
  • 1:1 mentoring with structured feedback from a peer guide and supervisor
  • Exposure to senior consultants and practice leaders
  • Structured opportunities for professional learning and development i.e. Lunch & Learn Series
  • Guest speaker series covering a wide range of professional development skills
  • A supportive review process that helps interns strengthen technical and problem-solving skills
  • Housing or housing stipend
  • Social activities - intern-only and practice-wide
  • Cultural excursions - Get to know Indy by visiting iconic sites
  • Conclude the program with a presentation on a business project or problem to leadership and peers
  • Ample opportunity to discuss transition to full-time employment

The Team
The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies. We create dedicated core teams for each state Medicaid agency client that are customized to serve each of our clients' unique needs. New staff are placed on a dedicated state client team, learning from seasoned consultants. As a member of a state client team, you will observe how we provide comprehensive consulting services which span from many different disciplines and backgrounds including actuarial, policy, finance, pharmacy, and data management, all working together for a common goal to best serve our clients' needs.
Location
This position is based out of the Milliman office in Indianapolis, IN. Candidates hired into this role must be willing to work onsite full-time.
Benefits
We offer competitive benefits which include the following based on plan eligibility:
  • Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges.
  • 401(k) Plan - When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
  • Paid Time Off (PTO) - Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
  • Transportation - Pre-tax savings for eligible transit and parking expenses.

Who We Are
Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site https://www.milliman.com/en/social-impact to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability.
Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.
Equal Opportunity
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
#LI-KM1
#LI-ONSITE
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

What Milliman employees say

Pay

Hours and flexibility

Workplace

Get the full story on Breakroom

Milliman logo

About Milliman

Sourced by ZipRecruiter

Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Industry

Business management consulting

Company size

1,001 - 5,000 Employees

Headquarters location

Seattle, WA, US

Year founded

1947

View All Milliman Jobs

Apply