Actuarial Intern (Summer 2027)

Group 1001; Indianapolis (IN); Hybrid; USD 28,000 - 34,000; Full time

Benefits offered by this job

Health insurance

Dental and vision insurance

401K with company match

Employee Assistance Program

Wellness programs

Hybrid work arrangement

Job summary

Group 1001 is seeking a college student for a 12-week actuarial internship in the Life and Annuity Actuarial Department, based at our Zionsville, IN Corporate Office. The internship will run from May 17 to August 6, 2027.

You will input data and assumptions into and analysis of results from company actuarial models, set up models in production, and produce model reports to support management and regulatory needs.

Qualifications

• Currently pursuing a Bachelor's degree in actuarial science, finance, economics, math, physics, engineering or related field.
• At least one actuarial exam passed.
• Strong analytical skills.
• Exposure to financial modeling.
• Strong communication skills.
• Strong time and project management skills.
• Excellent organizational skills.
• Proficiency in Excel (including VBA) and exposure to database tools (Microsoft Access, SQL).

Responsibilities

• Input data and assumptions into and analysis of results from company actuarial models used for various modeling purposes.
• Set up the actuarial models and run them in a production environment.
• Produce model reports and analyze the results in support of management and regulatory needs.
• Work to enhance existing processes to improve the quality and efficiency of information gathering and flow.
• Ensure adequate controls over actuarial processes.
• Perform peer reviews of reports and output.
• Collaborate with individuals throughout the organization, with an emphasis on model efficiency and effectiveness. This is expected to include in-person work in our home office on a hybrid basis.
• Participate in special projects as needed.

Skills

Analytical skills

Communication skills

Time management

Organizational skills

Education

Bachelor's degree in actuarial science, finance, economics, math, physics, engineering or related field

At least one actuarial exam passed

Tools

Excel (VBA)

Database tools (Microsoft Access, SQL)

Job description

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Why This Role Matters:

Group1001 is seeking a college student for a 12-week actuarial internship in the Life and Annuity Actuarial Department, based at our Zionsville, IN Corporate Office. The internship will run from May 17 to August 6, 2027.

How You'll Contribute:

• Input data and assumptions into and analysis of results from company actuarial models used for various modeling purposes.
• Set up the actuarial models and run them in a production environment.
• Produce model reports and analyze the results in support of management and regulatory needs.
• Work to enhance existing processes to improve the quality and efficiency of information gathering and flow.
• Ensure adequate controls over actuarial processes.
• Perform peer reviews of reports and output.
• Collaborate with individuals throughout the organization, with an emphasis on model efficiency and effectiveness. This is expected to include in-person work in our home office on a hybrid basis.
• Participate in special projects as needed.

What We're Looking For:

• Currently pursuing a Bachelor's degree in actuarial science, finance, economics, math, physics, engineering or related field.
• At least one actuarial exam passed
• Strong analytical skills
• Exposure to financial modeling
• Strong communication skills
• Strong time and project management skills
• Excellent organizational skills
• Proficiency in Excel (including VBA) and exposure to a database tools (Microsoft Access, SQL, etc.)

Benefits Highlights:

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company's Employee Assistance Program and wellness programs—no enrollment is required.
• Employees may also participate in the Company's 401K plan, with matching contributions by the Company.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.