Actuarial Intern (Summer 2027)

About the role

Internships are short-term work experiences for a designated period of time that allow college students the opportunity to observe and participate in the professional work environment, to explore how his/her interests relate to possible careers, and to gain practical experience in an industry relating to their field of study.

Responsibilities

• 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

• 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
• 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 will work hybrid in Baltimore, MD, Cedar Rapids, IA, or Philadelphia, PA. Specific location will be decided based on business needs. Tuesday, Wednesday, and Thursday will be in office; Monday and Friday will be work from home days.

Pay

The salary for this position generally ranges between $24.00 - 29.00 per hour. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Full-time interns will receive an intern allowance to offset costs associated with relocation, housing, parking/transit, and/or mileage.

Sponsorship

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.