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Job description
Actuarial Intern - Life
Company Overview: Oliver Wyman is a global leader in management consulting, with offices in 60 cities across 29 countries. We combine deep industry knowledge with specialized expertise in strategy, operations, risk management, and organizational transformation. Our 7,000+ professionals help clients optimize performance, improve operations and risk profiles, and capture the most attractive opportunities. Within Oliver Wyman, the Actuarial Practice provides customized actuarial services and strategic insight to insurers, provider systems, regulators, and private equity firms. We bring together actuarial expertise, advanced analytics, and technology to solve complex problems and enable forward-looking decisions. Our team includes 600+ professionals (including ~300 credentialed actuaries) across 41 global locations. We work closely with Marsh, Mercer, and Guy Carpenter to support clients on strategy, operations, capital efficiency, and large-scale transformation.
Life Overview: Focuses on life, annuity, and long-term care work, including pricing, valuation, and actuarial model transformation. Life Locations: Atlanta, Chicago, Seattle
What You'll Do as a Life Intern:
Support actuarial modeling and analysis related to valuation, pricing, and financial projections
Assist with data analysis, assumption reviews, and sensitivity testing exercises
Research industry trends and emerging topics to support client engagements
Prepare analyses, exhibits, and presentation materials for internal and client-facing discussions
Example Life Projects:
Life and annuity product development, pricing, and valuation
Assumption setting and model methodology review
M&A due diligence and financial projections
Model transformation, conversions, and long-term care analytics
Cloud implementation, software development, and data engineering projects for actuarial teams
In addition, all interns participate in our actuarial bootcamp which consists of a series of presentations, case studies, and mentorship sessions over a six-week period during the summer and aims to give participants a valuable and directly applicable skillset for future employment opportunities within the actuarial industry.
Internship Compensation & Benefits Intern weekly pay (U.S.): $1,350 - 1,600 USD, depending on role, practice and location.
Application Process When applying, please:
Rank your preferred internship role/practice (Please note, only this application is only for the LIFE internship role)
Indicate your preferred office location (please note, only the Atlanta, Chicago and Seattle office locations are currently available)
Work Authorization Candidates must have permanent, unrestricted U.S. work authorization. Visa sponsorship is not available for this role. (Please note, CPT and OPT are considered restricted forms of work authorization)
Why join us?
Come aboard if you are excited by challenges and want to work across different cultures.
We want you to step out of your comfort zone and embrace your curiosity.
Our consultants learn on the job and receive formal training to develop their communication, presentation, analytical, and client management skills.
You'll find genuine colleagues who stand by their beliefs and measure success by the lasting impact you create together.
We believe in flexibility, including the opportunity of hybrid working. You are also invited to join our colleague resource groups and social activities.
We hire you to be you
Our open, inclusive, and down-to-earth culture will enable you to bring your best self to work.
You'll work alongside authentic colleagues who do serious work, but don't take themselves too seriously.
There's no corporate mold to fit and hierarchy doesn't get in the way.
Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.