Actuarial Intern, Life & Health - $30+/hr + $2k Stipend

State Farm; Bloomington (IL); Hybrid; USD 41,000 - 44,000; Full time

Benefits offered by this job

Life Leave

Military Leave

401(k) Savings

Mutual Funds

Commuter Benefits

Wellness programs

Discount program

Good Neighbor Grant

Matching Gifts

Employee Assistance Fund

Company Holidays

Job summary

State Farm’s Life/Health Actuarial Internship Program offers interns hands-on work in risk assessment, pricing methods, and industry research within a collaborative training environment.

The 10-week hybrid program runs 6/2/2027–8/11/2027, with Bloomington, IL and Richardson, TX hubs. It provides 38.75 hours per week, pay at $30/hour plus $1/hour per exam passed and a $2,000 stipend, plus mentoring and leadership opportunities.

Qualifications

• Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytical fields.
• 3.5 GPA preferred; 3.25 minimum required.
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python.
• Intention to earn the ASA/FSA designation.
• Successful completion of at least one Society of Actuaries actuarial exam.
• Strong communication, interpersonal, organization, leadership, and critical thinking skills.

Responsibilities

• Assessment of risk and financial needs for insurance products.
• Development of innovative methods and applications to enhance insurance product pricing.
• Research on company and emerging industry trends and hot topics.
• Development through extensive training programs, mentoring programs, and leadership opportunities as well as competitive compensation/benefits such as actuarial exam raises.

Skills

Excel

SQL

Python

R

Statistical analysis

Communication

Teamwork

Education

Actuarial Science/Math/Statistics/Data Science/CS major

GPA 3.5 preferred; 3.25 minimum

Job description

State Farm’s Life/Health Actuarial Internship Program offers interns hands-on work in risk assessment, pricing methods, and industry research within a collaborative training environment.

The 10-week hybrid program runs 6/2/2027–8/11/2027, with Bloomington, IL and Richardson, TX hubs. It provides 38.75 hours per week, pay at $30/hour plus $1/hour per exam passed and a $2,000 stipend, plus mentoring and leadership opportunities.