Actuarial Finance Intern

Modern Woodmen of America; Rock Island (FL); On-site; USD 29,000 - 39,000; Full time

Benefits offered by this job

Office in Rock Island, IL

$25/hour pay

11-week, 37.5h/week internship

On-site café and beautiful office

Job summary

Modern Woodmen of America, a fraternal benefit society, invites you to join its Actuarial Finance Internship for the 2027 program in Rock Island, IL. Candidates should have at least one actuarial exam passed and be pursuing a bachelor’s degree in actuarial finance or a related field.

The internship focuses on actuarial finance projects, including product design, corporate modelling, and financial reporting, with mentorship and real-world exposure.

Qualifications

• Pursuing a bachelor’s degree in actuarial finance or related field.
• SOA actuarial exam passed (at least one; two or more preferred).
• Proficient in Microsoft Office (Excel, Word, PowerPoint).

Responsibilities

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

Skills

Excel

Word

PowerPoint

SOA exam passed

Education

Bachelor's degree in actuarial finance or related field

Job 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.

• Internship Benefits:
  • 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.