Actuarial Analyst Intern - Summer 2027

Indiana Public Retirement System; Indianapolis (IN); On-site; USD 25,000 - 33,000; Full time

Benefits offered by this job

Competitive paid internship

Governor's Summer Internship Program

INPRS intern engagement activities

Flexible hours; up to 37.5 hours

Employer paid parking

Job summary

Indiana Public Retirement System (INPRS) offers a Summer 2027 internship in the Finance department, focusing on actuarial reporting and pension risk management. The internship involves data gathering, risk metric development, and producing communications on findings for multiple pension plan projects.

Strong attention to detail and Excel proficiency are required; actuarial exam progress is preferred. Located in downtown Indianapolis, INPRS provides a competitive paid internship with flexible

Qualifications

• Current enrollment as a rising senior or junior toward an undergraduate or graduate degree in actuarial science, mathematics, statistics, economics, or similar field.
• Successful completion of one or more actuarial examinations is preferred; not required.
• Must be available to work at least 10 weeks from May 2027 through August 2027.

Responsibilities

• Provide support to INPRS’ financial reporting.
• Gather and evaluate data from pension funds.
• Set risk metrics and evaluate the performance of pension funds against metrics.
• Set up trend data for analysis of current periods and going forward.
• Produce reports and summary presentations on findings.
• Other special projects related to ongoing management of INPRS plans.

Skills

Attention to detail

Prioritization

Communication skills

Teamwork

MS Word

MS Excel

MS PowerPoint

Education

Actuarial Science or related field

Tools

Excel

Word

PowerPoint

Job description

Who we are:

Indiana Public Retirement System (INPRS’) is among the largest 100 pension systems in the United States. INPRS serves the needs of approximately 563,000 members and retirees representing approximately 1,300 employers, including public universities, school corporations, public safety, municipalities and state agencies. The Indiana Public Retirement System is a public pension fund who manages approximately over $60 billion in assets, making it one of the largest in the United States. We are located in the heart of the city, in downtown Indianapolis, near the circle & across the street from our monumental state house. This position will require you to live in Indiana. This position is not eligible for H-1B or any other kind of temporary or permanent sponsorship for work authorization by the Indiana Public Retirement System.

Why join:

INPRS’ believes that people are the foundation of our success. It takes people with different backgrounds, ideas, and strengths to be successful. Balance in life is important. We strive to have a flexible and supportive environment while not sacrificing service to our members. We pride ourselves by modeling a collaborative, diverse and inclusive environment for our employees. Our mission. "As fiduciaries, educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised defined benefit and defined contribution benefits and services".

Your Impact:

This position will assist INPRS’ Finance department with various actuarial reporting duties. The position will work on multiple aspects of pension plan risk management, including gathering and evaluating data, establishing relevant risk metrics, setting tolerance thresholds, identifying concentrations of risk, and producing communications on findings. Other areas of INPRS plans may be involved, depending on the specific projects available during the course of the internship.

Essential Duties:

• Provide support to INPRS’ financial reporting.
• Gather and evaluate data from pension funds.
• Set risk metrics and evaluate the performance of pension funds against metrics.
• Set up trend data for analysis of current periods and going forward.
• Produce reports and summary presentations on findings.
• Other special projects related to the ongoing management of INPRS plans.

Job Requirements:

• Attention to detail in evaluating data specific to pension plan risks.
• Skill in prioritizing work assignments to manage workload in a changing environment and in completing detailed work with a high degree of accuracy.
• Excellent verbal and written communication skills to effectively communicate project progress and final results.
• Ability to establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts, and to work effectively in a professional team environment.
• Considerable skills in using Microsoft Word, Excel, PowerPoint to prepare correspondence, presentations, spreadsheets, charts and reports.

Experience and Qualifications

• Must be a current enrollment as a rising senior or junior toward an undergraduate or graduate degree in actuarial science, mathematics, statistics, economics, or similar field from an accredited college or university.
• Successful completion of one or more actuarial examinations is preferred; not required.
• Must be available to work at least 10 weeks from May 2027 through August 2027.

INPRS Perks:

• Competitive paid internship
• Participation in Governor's Summer Internship Program; meet the Governor of Indiana, agency speakers, and community service opportunities
• INPRS intern engagement activities
• Flexible hours; up to 37.5 hours weekly
• Employer paid parking

Time of Internship:

Summer 2027

We are an Equal Opportunity Employer. The Indiana Public Retirements System (INPRS) Equal Opportunity Employer and is committed to recruit, select, develop, and promote employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.