Actuarial Intern (Summer 2027)

Kentucky Farm Bureau; Louisville (KY); On-site; USD 27,000 - 38,000; Full time

Job summary

Kentucky Farm Bureau is seeking an actuarial internship in Louisville, KY. The intern will assist the Actuarial Services Manager with ratemaking, reserving, and data analytics while gaining exposure to multiple areas of the insurance company through trainings and cross-departmental collaboration.

Responsibilities include collaborating with various departments, applying actuarial techniques, analyzing rate indications and trends, and supporting claim estimations.

Qualifications

• High school diploma or equivalent.
• Actively enrolled as a college student with at least two years toward a Bachelor’s degree in Mathematics, Statistics, Economics, Data Science, or similar field.
• Have completed at least one actuarial exam—preference given to completion of multiple exams.
• Ability to adhere to detailed instructions.
• Experience with at least one data-intensive coding language (SAS, R, Python, SQL, etc.)
• Proficiency with Excel spreadsheets and other Microsoft Office products.
• Ability to work well with others, both inside and outside organization.

Responsibilities

• Collaborate with individuals from other departments to complete insurance/actuarial projects.
• Learn and use actuarial and analytical techniques to analyze rate level indications for KFB lines.
• Conduct trend analyses for claims, policy growth/retention, quotes, and market research.
• Assist with rate/product changes and unpaid claim estimation.
• Support ultimate claim payment and frequency estimation for individual events.
• Collaborate with accounting and finance personnel on project deliverables.
• Attend trainings and network with interns and staff across departments.

Skills

Analytical thinking

Team player

Attention to detail

Communication

Education

Two years toward Bachelor's in Mathematics/Statistics/Data Science

Tools

SAS

R

Python

SQL

Excel

Job description

Min

Max

Overview

Reports to: Actuarial Services Manager

Job Status: Hourly (20 – 38 hours per week)Pay:$23.50 per hour

Location: On-site at KFB State Office in Louisville, KYTerm: May 2027 to August 2027

Provide support to the Actuarial Services Manager to complete tasks as assigned. Support will focus on ratemaking, reserving, and data analytics. Intern will have significant exposure to different areas of the insurance company through trainings, strategic meetings, and other collaboration.

Responsibilities

Collaborate with individuals from other departments (sales, product management, underwriting, IT, etc.) to complete relevant insurance/actuarial projects.

Learn and use current actuarial and other analytical techniques to analyze:

Rate level indications for KFB lines of insurance.

Trend analyses for claims, policy growth/retention, quotes, and market research.

Rate/product changes.

Unpaid claim estimation.

Ultimate claim payment and frequency estimation for individual events.

Collaborate with and support other accounting and finance personnel in project and department deliverables.

Attend trainings and outings to learn the business of insurance and to network with other interns and individuals from other departments.

Must be a trustworthy, responsible person with strong work ethic.

Regular, predictable attendance as employee has to physically be in the office.

This list of essential functions is non-exhaustive and may be supplemented as necessary.

Job Specifications

Physical demands: Normal hearing/vision (with or without correction).

Mental demands: Prolonged concentration.

Environmental factors: Standard office, lighting, temperature and noise.

Equipment: Keyboard; Telephone; Calculator; Copier; Personal Computer.

Qualifications

High school diploma.

Actively enrolled as a college student with a minimum of two years toward a Bachelor’s degree in Mathematics, Statistics, Economics, Data Science, or similar field.

Have completed at least one actuarial exam—preference given to completion of multiple exams.

Ability to adhere to detailed instructions.

Experience with at least one data-intensive coding language (SAS, R, Python, SQL, etc.)

Proficiency with Excel spreadsheets and other Microsoft Office products.

Ability to work well with others, both inside and outside organization.