Actuarial Intern - Nyhart

Ascensus; Indianapolis (IN); Hybrid; USD 30,000 - 39,000; Part time

Benefits offered by this job

SOA exam fees

Job summary

Nyhart, now part of FuturePlan by Ascensus, offers a paid summer actuarial internship designed to give you exposure to Defined Benefit and Healthcare plan administration.

You will work on real projects alongside actuaries, learning actuarial techniques, effective communication of results, and research skills for industry issues. The program is hybrid and based out of the Indianapolis office for Summer 2027.

Qualifications

• Pursuing a Bachelor's degree in Mathematics, Statistics, Economics or Actuarial Science.
• Proficiency in Microsoft Office Excel.
• Strong mathematics, analytical and problem-solving skills.
• Ability to plan, prioritize, and connect work to corporate objectives.
• Proven ability to collaborate and build relationships.
• SOA examinations success preferred, but not required.

Responsibilities

• Develop understanding of benefit plan operations across various clients and designs.
• Apply analytical skills to prepare and review individual benefit calculations.
• Organize and analyze participant data, check for inconsistencies and identify next steps.
• Interpret plan documents and administer the plan accordingly.
• Assist with special projects such as plan terminations, lump sum windows, and software conversions.
• Analyze and improve internal processes to increase accuracy and efficiency.
• Consult with clients regarding benefit administration, including regulations and data.

Skills

Analytical skills

Mathematical ability

Collaboration

Education

Bachelor's degree in Mathematics or Statistics or Economics or Actuarial Science

Tools

Microsoft Excel

Job description

Nyhart, now part of FuturePlan by Ascensus®, is an award-winning consulting, actuarial, and administration services company. We’re dedicated to maximizing the potential of our human resources and are committed to recruiting, developing, rewarding, and retaining a workforce that delivers quality customer service to over 2,000 clients in all 50 states.

Being an Actuary requires a unique blend of aptitude for detail-oriented analysis, high-level problem solving, and healthy communication skills.

At FuturePlan by Ascensus, we consult on Defined Benefit and Healthcare plans. Both require a great deal of effort and knowledge to administer. Each plan is unique and can have thousands of participants, each with individual data and needs.

Ascensus is dedicated to maximizing the potential of our greatest asset - our employees. Our summer internship program is designed to allow you to experience your prospective career path. You will be involved in the same projects as our actuaries. You will learn actuarial techniques, how to best communicate your work to others, how to research various issues related to the industry, and other skills needed to begin a successful actuarial career.

• This internship is for the summer of 2027***
• This position will be hybrid and based out of our Indianapolis office***

Ascensus’s paid Internship Program includes SOA exam fees and materials.

Responsibilities

• Develop a strong understanding of benefit plan operations across a variety of clients and designs
• Apply analytical skills to prepare and review individual benefit calculations
• Organize and analyze participant data, checking for inconsistencies and identifying next steps
• Learn to interpret plan documents – a legal document which governs the administration of the plan
• Assist with special projects, such as plan terminations, lump sum windows, and software conversions
• Analyze and improve internal processes and procedures to increase accuracy, consistency, and efficiency
• Consult with clients regarding benefit administration, including regulations, plan documents, data, and calculations

Requirements

• Pursuing a Bachelor's degree in Mathematics, Statistics, Economics or Actuarial Science
• Proficiency in Microsoft Office Excel
• Strong mathematics skills, analytical and problem solving skills.
• Ability to think strategically by innovating, initiating and understanding how one’s work connects to others. Ability to plan and prioritize work towards the achievement of personal and corporate objectives.
• Proven ability to collaborate and build relationships.
• Society of Actuaries (SOA) examinations success preferred, but not required