The Department

LifeRTC is a joint practice composed of Chicago Life, Financial Risk Management (FRM), and Life Technology Solutions (LTS) with major offices in the United States (Chicago and Seattle), United Kingdom (Birmingham, London, and Southampton), and Australia (Sydney). LifeRTC has four primary business lines: Strategic Consulting, Actuarial Products, Managed Services, and Fund Services.

Our Strategic Consulting business line provides expert advice and tailored solutions for (re)insurance companies and financial institutions navigating critical business decisions. We offer deep industry knowledge and analytical rigor to help clients achieve their strategic objectives. We advise clients making lasting strategic decisions affecting their financial performance and balance sheet by way of:

Mergers & Acquisitions Balance Sheet Management Regulatory Compliance New Entity Structuring

Our Actuarial Products business line provides cutting-edge software solutions and expert consulting services to life (re)insurance companies worldwide. Our solutions empower actuaries to streamline complex processes, improve accuracy, and enhance decision-making. Our suite of powerful actuarial software solutions paired with exceptional professional services enable efficient:

Asset & Liability Management Pricing Valuation Risk Management Business Insights

Our Managed Services business line empowers financial institutions and risk-bearing entities to optimize their operations and focus on core strategic initiatives. We provide comprehensive, turnkey solutions for complex functions, leveraging our deep expertise, robust processes, and innovative technology. Our wide range of turnkey services include:

Annuity hedging Financial reporting and model management Asset and liability management Capital management

Our Fund Services business line provides comprehensive quantitative investment advisory services to a diverse range of clients. We guide clients through every stage of the investment process, from strategy design and portfolio construction to ongoing management and regulatory compliance. Our comprehensive suite of investment services include:

Derivate Expertise Quantitative Strategy Design Trade Planning & Execution Investment Operations Marketing & Support Performance Analysis

The Role

The Summer Associate/Intern role will have a diverse workload driven by business priorities. The responsibilities include support of our Senior Counsel/Head of Legal, and the work of the Legal/Compliance department. Your work may focus on contracts, regulatory analysis of investment funds, and supporting actuarial services, technology licensing, corporate governance, and international coordination.

Your Responsibilities:

Contract/document review, editing, and identification of matters in need of attention. Compliance support with DDQs and RFPs. Corporate governance – gather data to support board and/or committee preparations in advance of meetings. Contract process discipline – enforce and execute our workflow process. Support international team launching funds.

Job Knowledge, Experience Skills

Job Knowledge Required:

Enrolled in a Juris Doctor degree program

Experience and Soft Skills Required:

The ideal candidate is comfortable in an environment with varied work and shifting priorities. Adaptability and composure under deadlines and shifting priorities The ability to articulate questions to accelerate learning Clear, concise writing Ownership mentality and willingness to take the initiative

Location

Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered. The expected application deadline for this job is March 31, 2026.

Compensation

The salary range for this role is $21 - $44 per hour depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

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.

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.