Actuarial Intern - Winter 2027 Internship/Co-Op (January 2027 Start) – FRM, Life, LTS

Location: Hybrid role based in Chicago, Illinois, with required in-person work at the hirify.global Chicago office on a weekly basis. Flexible work arrangements may be considered.

Salary: $23–$46 per hour, depending on education, experience, qualifications, skills, certifications, and location.

Company

hirify.global is an independent global provider of actuarial and related products and services, with a major Life and Financial Services practice focused on analyzing, understanding, and mitigating risk.

What you will do

• Support life insurance mergers and acquisitions projects involving pricing, valuation, financial modeling, asset-liability management, cash flow testing, statutory, tax, and GAAP analysis.
• Conduct M&A due diligence by reviewing business assumptions, risks, operations, and transaction impacts.
• Design and execute dynamic hedging programs, evaluate derivatives, and analyze portfolio and capital risks for financial services companies.
• Build stochastic models for hedging, valuation, appraisals, and variable or fixed indexed annuity businesses.
• Develop and implement valuation solutions for Statutory VM-21, GAAP LDTI, and BMA EBS applications.
• Perform actuarial modeling with MG-ALFA and develop, validate, and execute data transformation processes using IDM.

Requirements

• Currently enrolled in a bachelor’s or master’s program in actuarial science, mathematics, quantitative analysis, programming, or a related field.
• Completed at least one Society of Actuaries exam and actively pursuing an FSA, FRM, or CFA designation.
• Strong quantitative background and interest in actuarial modeling, life insurance, risk management, investments, or capital markets.
• Proficiency in Excel and VBA; knowledge of SAS, C++, C#, or other programming languages is beneficial.
• Ability to solve problems independently and collaboratively, with strong communication, project management, and time-management skills.
• Availability to work in person at the Chicago office weekly is required.

Nice to have

• Prior internship experience focused on learning and applying technical skills.
• Experience with MG-ALFA or other actuarial valuation software.
• Understanding of option pricing, portfolio theory, and modern finance concepts.

Culture & Benefits

• One-on-one training from the direct supervisor and colleagues across multiple technical areas.
• On-the-job experience building models used to solve real-world insurance company problems.
• Employee Assistance Program providing confidential personal and work-related support.
• Eligible employees can receive a 401(k) plan with matching and profit-sharing contributions after meeting the required hours threshold.
• Paid time off accrues from the first day of work, with intern accrual based on hours worked.
• Pre-tax savings are available for eligible transportation, transit, and parking expenses.