Actuarial Intern - Summer 2027

Acturhire; Des Moines (IA); Hybrid; USD 32,000 - 34,000; Full time

Benefits offered by this job

Competitive pay $23-$25/hr

Mentorship programs

Networking events

Volunteer opportunities

Real projects

Free lunch

Balanced schedule

Job summary

The Mutual Group is seeking an Actuarial Intern to gain hands-on experience working with credentialed actuaries on pricing and reserving initiatives across multiple lines of business.

You will analyze data, solve business challenges, and collaborate with cross-functional teams to contribute to meaningful projects that influence underwriting performance and business strategy.

Qualifications

• Currently pursuing a degree in actuarial/science/quantitative field.
• GPA of 3.0 or higher preferred.
• Successful completion of at least one actuarial exam.
• Strong analytical, critical-thinking, and communication abilities.

Responsibilities

• Support pricing and reserving through data-driven analysis.
• Gather, validate, and organize data used in actuarial models.
• Develop, maintain, and enhance actuarial reports and tools.
• Analyze trends and communicate findings to the team and business partners.
• Collaborate with experienced actuaries on projects influencing strategy and underwriting performance.
• Gain exposure to multiple insurance products and actuarial disciplines.

Skills

Analytical thinking

Excel proficiency

SQL

Python

R

Power BI

Communication skills

Team collaboration

Education

Actuarial Science or related quantitative field

Tools

Microsoft Office

Job description

Department

Actuarial

Job Description

At The Mutual Group, we’re building a modern actuarial organization that plays a critical role in shaping business strategy and driving profitable underwriting growth. As an Actuarial Intern, you’ll gain hands-on experience working alongside experienced credentialed actuaries on real-world pricing and reserving initiatives across multiple lines of business.

This internship is designed for students who are passionate about pursuing an actuarial career and eager to apply classroom concepts in a professional environment. You'll have the opportunity to analyze data, solve business challenges, collaborate with cross-functional teams, and contribute to meaningful projects that directly impact the organization. This internship provides valuable experience, mentorship, and exposure to the actuarial profession.

Work Arrangement

• Employees who live within 30 miles of the TMG home office are expected to follow a hybrid or in-office schedule. The initial training period may require additional in-office days.

Accountabilities

• Support pricing, reserving, and other actuarial functions through data-driven analysis.
• Gather, validate, and organize data used in actuarial models and business decision-making.
• Develop, maintain, and enhance actuarial reports, tools, and documentation.
• Analyze trends, identify key insights, and communicate findings to actuarial team members and business partners.
• Collaborate with experienced actuaries on projects that influence business strategy and underwriting performance.
• Gain exposure to multiple insurance products and actuarial disciplines.
• Assist with special projects and initiatives that support the continued growth and innovation of the actuarial team.

Qualifications

• Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, Data Analytics, or a related quantitative field.
• Preferred GPA of 3.0 or higher.
• Successful completion of at least one actuarial exam.
• Strong analytical, critical-thinking, and problem-solving abilities.
• Proficiency in Microsoft Excel and other Microsoft Office applications.
• Experience with SQL, Python, R, Power BI, or other analytical tools is a plus.
• Strong written and verbal communication skills with the ability to explain complex information clearly to a non-technical audience.
• Self-motivated, curious, and eager to learn in a collaborative team environment.
• Highly organized with excellent attention to detail and a commitment to producing high quality work.

Why Join The Mutual Group

• Gain meaningful, real-world actuarial experience.
• Work alongside experienced credentialed actuaries who are invested in your development.
• Contribute to projects that have a direct impact on business decisions.
• Build technical, analytical, and professional skills that will prepare you for a successful actuarial career.
• Experience a collaborative culture that values learning, collaboration, innovation, and professional growth.

Perks Of Working At The Mutual Group

Competitive Pay: Interns earn hourly wages while gaining hands-on experience. The hourly pay range for this internship is $23-$25, commensurate with experience.

Mentorship Programs: Pairing interns with experienced professionals.

Networking Events: Intern mixers, speaker series, or meet-and-greet with executives.

Volunteer Opportunities: Organized events for community service.

Real projects: Interns contribute to meaningful work, not just observe from the sidelines.

Free Lunch: On-site cafeteria available Tuesday-Thursday.

Balanced Schedule: A 39-hour work week designed to support productivity and well-being.

Benefits

We are proud to offer our full-time regular employees a robust benefits suite that includes:

• Competitive base salary plus incentive plans for eligible team members
• 401(K) retirement plan that includes a company match of up to 6% of your eligible salary
• Free basic life and AD&D, long-term disability and short-term disability insurance
• Medical, dental and vision plans to meet your unique healthcare needs
• Wellness incentives
• Generous time off program that includes personal, holiday and volunteer paid time off
• Flexible work schedules and hybrid/remote options for eligible positions
• Educational assistance

Bot-Filtering Mechanism

The Mutual Group uses a bot-filtering mechanism as part of its recruiting and hiring process. As a result, automated job applications or submissions may be rejected.

Equal Opportunity Employer

The Mutual Group is an Equal Opportunity Employer. It is our policy to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

• Know Your Rights: Workplace Discrimination is Illegal
• Your Rights Under USERRA

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact [e-mail].

Employment Verification

The Mutual Group participates in the E-Verify program and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. You are protected from employment discrimination based on your citizenship status and national origin.

E-Verify Program Overview

All offers of employment are contingent upon the successful completion of a background check.

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