Actuarial Intern (Summer 2027)

Sammons Financial Group; Chicago (IL); On-site; USD 33,000 - 34,000; Part time

Job summary

Sammons Financial Group offers a paid actuarial internship in Chicago designed to give you hands-on experience with projects in our actuarial area. The program runs 8–10 weeks, with potential extension into the school year, and follows a structured time allocation across core work, exposure to other areas, and shared experiences.

You will assist with rate setting, data analyses, profitability projections, and report preparation, while building tools and models and gaining broader corporate

Qualifications

• Actuarial science/finance coursework and strong quantitative ability.
• Completion of at least one SOA exam preferred.
• Basic insurance knowledge and good communication skills.

Responsibilities

• Assist analyses of new products and inforce business, including rate setting and profitability projections.
• Build spreadsheet tools to analyze product and policy data.
• Modify and run actuarial models and review results for appropriateness.
• Provide technical assistance and collaborate with internal stakeholders.
• Help create reports and written communications for key partners.
• Summarize usage of distributed processing systems and support attendance standards.

Skills

Mathematics

Finance

SQL

SAS

Communication

Education

Bachelor's degree in Actuarial Science, Mathematics, Finance

Tools

Spreadsheets

Job description

What You Can Expect In This Role

Provide quantitative support for new and existing products and policies, supporting corporate profitability objectives and other business initiatives. Internship Information: Our Internship program is designed to give students experience with projects and performing tasks within their hired work area. You will be exposed to other areas within the organization by participating in development, culture and volunteer events. This paid internship is 8-10 weeks in length with the possibility of extending hours into the school year.Our internship program holds an 80/10/10 approach, meaning that 80% of your work time will involve performing tasks or working on projects within your hired work area. Another 10% of the time, you will be exposed to learning in other areas within your assigned division to get more corporate experience. Then, the final 10% will be spent in shared experiences across the organization, where you will get to really learn about our culture and work environment.

What You'll Do In This Role

• Assist with analyses of new products and inforce business, including rate setting, data analysis, profitability projections, research, and summarizing results.
• Build spreadsheet tools to analyze product and policy data.
• Modify and run actuarial models as needed, reviewing appropriateness of results.
• Provide technical assistance with regard to questions, calculation, or problems encountered in other departments.
• Assist in the creation of reports and written communications with internal key stakeholders, as needed.
• Analyze, summarize and present on usage of distributed processing systems.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
• Other duties as assigned.

What We're Looking For

• Individuals pursing their bachelor’s degree in Actuarial Science, Mathematics, Finance or Preferred
• Successful completion of at least 1 Society of Actuaries (SOA) exam Preferred
• A basic understanding of insurance Preferred
• High level of mathematical ability, including a good working knowledge of calculus, linear algebra, probability and statistics and numerical analysis
• Strong Computer skills, including experience with spreadsheets. Experience with SQL or SAS a plus
• Strong communication skills, both verbal and written

Other Requirements

• Criminal background check required.

Salary Range Information

USD $24.00 - USD $24.00 /Hr.

Hourly Rate: $24/hr. + $1/hr. increase as actuarial exams are passed.

What you can expect when you join Sammons Financial Group

• Comprehensive health coverage for you and your family, including