Actuarial Intern (Summer 2027)

Pay

$23.50 per hour

Schedule

Hourly (20 – 38 hours per week) from May 2027 to August 2027.

Location

On‑site at the KFB State Office in Louisville, KY.

Responsibilities

• Collaborate with individuals from other departments (sales, product management, underwriting, IT, etc.) to complete relevant insurance/actuarial projects.
• Learn and use current actuarial and other analytical techniques to analyze rate‑level indications for KFB lines of insurance.
• Perform trend analyses for claims, policy growth/retention, quotes, and market research.
• Evaluate rate/product changes.
• Estimate unpaid claims.
• Estimate ultimate claim payment and frequency for individual events.
• Collaborate with and support other accounting and finance personnel in project and department deliverables.
• Attend trainings and outings to learn the business of insurance and to network with other interns and individuals from other departments.
• Maintain a trustworthy, responsible work ethic with regular, predictable attendance, physically present in the office.

Qualifications

• High school diploma.
• Actively enrolled as a college student with a minimum of two years toward a Bachelor’s degree in Mathematics, Statistics, Economics, Data Science, or a similar field.
• Completed at least one actuarial exam (preference given to multiple exams).
• Ability to adhere to detailed instructions.
• Experience with at least one data‑intensive coding language (SAS, R, Python, SQL, etc.).
• Proficiency with Excel spreadsheets and other Microsoft Office products.
• Ability to work well with others, both inside and outside the organization.

Job Specifications

• Physical demands: Normal hearing/vision (with or without correction).
• Mental demands: Prolonged concentration.
• Environmental factors: Standard office, lighting, temperature and noise.
• Equipment: Keyboard; Telephone; Calculator; Copier; Personal Computer.