Actuarial Finance Intern

Home Office Careers; Rock Island (IL); On-site; USD 28,000 - 40,000; Full time

Benefits offered by this job

Internship program information

Pay: $25/hr hourly pay

On-site Office in Rock Island

Office Café 1883

Job summary

Modern Woodmen of America in Rock Island, IL is offering an Actuarial Finance Internship for students who have passed at least one actuarial exam. You will work with our actuaries on product design, corporate modeling, and financial reporting, gaining hands-on experience in a supportive environment.

This 11-week, full-time summer internship pays $25.00 per hour and requires a bachelor’s in actuarial finance or related field, with strong MS Office skills and SOA exam progress.

Qualifications

• Pursuing a bachelor’s degree in actuarial finance or a related field.
• Microsoft Office proficiency, including Excel, Word, and PowerPoint.
• At least one SOA actuarial exam passed; two or more preferred.

Responsibilities

• Collect and analyze data for special actuarial studies.
• Learn about product design and administration, corporate modeling, and financial reporting.
• Collaborate with actuaries on day-to-day projects as needed.
• Update actuarial reports and spreadsheets.
• Provide widespread support to staff actuaries and Actuarial Services section.

Skills

SOA actuarial exam passed

Microsoft Office

Education

Bachelor’s degree in actuarial finance or related field

Tools

Excel

Word

PowerPoint

Job description

Rock Island, IL
Rock Island, IL 61201, USA

Description

Actuarial Finance Internship

Are you ready to kickstart your career in actuarial science? We are on the lookout for dynamic candidates who have passed at least one actuarial exam to join our 2027 internship team. As an intern, you will dive deep into the world of actuarial finance, collaborating closely with our expert team on exciting projects related to product design, corporate modeling, and financial reporting. This is your chance to gain firsthand experience and make a real impact in a supportive and innovative environment.

Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with assets over $18 billion. Fraternals are unique membership organizations that pair the “member-owned” characteristic of a mutual insurance company with the “social mission” characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation’s most effective volunteer networks.

Responsibilities:

• Collect and analyze data for special actuarial studies.
• Learn about product design and administration, corporate modeling, and financial reporting.
• Collaborate with actuaries on day-to-day projects as needed.
• Update actuarial reports and spreadsheets.
• Provide widespread support to staff actuaries and Actuarial Services section.

What we need:

• Affectively pursuing a bachelor’s degree in actuarial finance or related field.
• Microsoft Office knowledge including Excel, Word, and PowerPoint.
• At least one SOA actuarial exam passed, two or more preferred.

What we offer:

• Internship program information: Modern Woodmen’s summer internships are ideal for current college students interested in exploring the financial services industry. The program offers an opportunity for students to gain real-life work experience related to their studies while connecting with a mentor in their field.
• Pay: The hourly pay for this position is $25.00. The specific rate will depend on the successful candidate’s qualifications and prior experience. Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
• Work Arrangements: This is a full-time, 11-week office focused summer internship position: 37.5 hours per week (7.5 hours per day), Monday- Friday, with flexible start time between 7 a.m.-9 a.m. Office focused positions work on-site due to the nature of the work and have limited remote days.
• Stability: Modern Woodmen has been Modern Since 1883® and exists for our members. We make long-term decisions that provide stability to our employees, financial representatives, and members
• Respect for personal time: We offer vacation, flexible start time between 7 a.m. and 9 a.m., and paid holidays.
• Great culture: We build strong working relationships across our organization through collaborative work and volunteer opportunities.
• A beautiful office: Enjoy a beautiful view! Our home office, located in downtown Rock Island, IL, has a lovely plaza overlooking the Mississippi River.
• On-site café: Our employees can purchase a variety of breakfast, lunch, and beverage options at Café 1883.
• A thriving local community: Not from the Quad Cities and hesitant to consider relocation? Give it some thought. The Quad Cities offers an idyllic Midwestern lifestyle along the mighty Mississippi and consistently ranks at the top of the list for quality of life and cost of living. It’s home to more than our share of artists, festivals, and fun in every season.
• Paid vacation
• Paid holidays

Modern Woodmen is an equal opportunity employer. Modern Woodmen is committed to providing a respectful environment where each person’s diverse opinions, attitudes, attributes, and feelings are respected.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.