Actuarial Internship (Summer 2025)

Job Description:

Typical assignments in the Actuarial function include an introduction to the business, product development, financial reporting, and risk management. Projects may include:

• Compile data for experience analyses and prepare related reports
• Assessing current and new product designs for feasibility in the marketplace
• Translating product specifications into valuation assumptions for new products
• Pricing of new and existing product designs to ensure that Division profit goals are met
• Assisting in statutory, GAAP, and tax valuation and other miscellaneous reserving requirements
• Assist with quarterly ALM risk profiles, investment income budget, regulatory reserve adequacy testing and determination, and other actuarial valuation
• Building and running computer asset/liability models using actuarial modeling software
• Conversion of existing actuarial systems to new platforms
• Automate processes by writing programs or macros

Qualifications:

We are looking for Freshmen, Sophomores, and Juniors enrolled as full-time students, ideally majoring in Actuarial Science, Mathematics, or Statistics. Most interns will have already passed at least one SOA exam by the time of their internship. 

Desired skills include:

• Strong mathematical skills, analytical skills, initiative, and attention to detail.
• Strong written and oral communication skills.
• Desire to work in a team environment.
• Knowledge of MS Excel or other spreadsheet applications.
• Knowledge of at least one computer programming language and/or Visual Basic.
• Knowledge of R, Python, or similar database applications.
• Familiarity with MS Access or other database applications is preferred.
• Previous or current leadership experience is preferred.

Working Conditions:

Interns can work hybrid in Cedar Rapids, IA, Baltimore, MD, Denver, CO, or Philadelphia*, PA or fully remote. The Philadelphia office is new but should be open by summer 2025.

Compensation:

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The hourly wage for this position generally ranges between $23 - $28 per hour.  This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.