2027 Summer Internship (Actuarial)

Acturhire; Edina, Northern (MN, KY); Hybrid; USD 30,000 - 39,000; Full time

Job summary

Palomar in Edina, MN seeks actuarial summer interns to gain hands-on experience in the Property & Casualty insurance industry. Interns will receive training on insurance and actuarial concepts, then apply these concepts on meaningful projects during a June–August program.

Interns collaborate with Palomar's actuarial team, work on projects to assess loss reserves, project profitability, and quantify risk, with final presentations and orientation details provided.

Qualifications

• Must be at least 18 years of age.
• Currently enrolled as an undergraduate (junior or senior year).
• Preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance.
• Minimum of 8 weeks availability to join the program with the opportunity to expand to 10 weeks.
• Have maintained an exceptional grade point average in college.
• Hybrid Work Environment - Ability to work in the office and from your home.
• Preference of having passed at least 1 actuarial exam.

Responsibilities

• Assessing the adequacy of the company's loss reserves.
• Projecting profitability generated by the company's products.
• Quantifying the company's risk exposure and proposing ways to minimize risk.
• Performing actuarial/market research and statistical analyses.
• Creation of tools and/or reports.

Skills

GPA excellence

Actuarial exam preference

Hybrid work readiness

8–10 weeks availability

Education

Undergrad student (junior/senior)

Pursuing actuarial/related degree

Job description

We are Hiring!

Location: Edina, MN

Summer Internship Program Description

Provides Actuarial College Students with a unique opportunity to gain hands-on experience with exploring a career in the Property & Casualty insurance industry. Summer Interns will receive training on insurance and actuarial concepts, then apply these concepts on meaningful projects. Throughout the summer, Interns will learn how the Actuarial team interacts with other departments and contributes to the success of the company. The program runs from June to August.

What will you do:

• Summer interns will gain experience on multiple projects, such as:
• Assessing the adequacy of the company's loss reserves
• Projecting profitability generated by the company's products
• Quantifying the company's risk exposure and proposing ways to minimize risk
• Performing actuarial/market research and statistical analyses
• Creation of tools and/or reports

What to expect day to day:

• Collaboration with fellow Palomar Interns and Team Members
• Hands on experience within the department
• Leadership guidance and career growth
• Palomar is a Hybrid work environment which means we will support a blended approach of working remotely and coming into the office on a regular agreed upon cadence. We would like to see you in the office for a minimum of 3 days per week.

Internship Project

At the end of the Program, all summer interns will present an overview of their Internship Project(s). The final presentation is an opportunity for interns to share their internship experience with fellow interns and Palomar team members. It also provides a way to assess the overall internship program and enhance it for the future. Additional information will be shared during orientation.

What we are looking for:

• Must be at least 18 years of age.
• Currently enrolled as an undergraduate (junior or senior year), a graduate student, pursuing a degree at an accredited college or university (preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance)
• Minimum of 8 weeks availability to join the program with the opportunity to expand to 10 weeks.
• Have a passion to grow in a specific department.
• Have maintained an exceptional grade point average in college.
• Hybrid Work Environment - Ability to work in the office and from your home.
• Preference of having passed at least 1 actuarial exam.

We love people who want to:

• Build strong relationships through transparency, trust, and respect for each other.
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity.
• Be bold and innovative to help make an impact.
• Be intellectually curious, think creatively, and pragmatic

If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!

Diversity at Palomar

At Palomar, we are committed to diversity, equality and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.

We believe that diversity, equality and inclusion yields greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them

#PalomarPride #Insurancejobs #hiring

Accommodations:

Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.

For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.

CCPA Job Applicant:

Pay Range: $25/hour

The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above