Actuarial Intern- Summer 2027

Federated Insurance; Owatonna (MN); On-site; USD 30,686 - 43,704; Full time

Benefits offered by this job

Competitive compensation

Bonus programs

Health insurance

Pension and 401(k) offerings

Paid volunteer time

Gift matching opportunities

Job summary

A leading insurance company in Owatonna, MN seeks a summer intern in Actuarial Science, Math, or Statistics. This in-person role runs from June 7 to August 18, 2027, offering $27 per hour. The intern will engage in projects like data collection, report creation, and regulatory reporting. Candidates should be juniors or seniors with a minimum GPA of 3.2 and strong Excel skills. The company provides excellent career development and benefits, fostering professional growth and community engagement.

Qualifications

• Be a junior or senior majoring in Actuarial Science, Math, or Statistics.
• Have a minimum overall GPA of 3.2.
• Have strong computer knowledge, including the ability to use Microsoft Excel.
• Maintain confidentiality of business and personnel information.

Responsibilities

• Perform company-level experience and rate-level studies.
• Collect and organize data to create reports.
• Calculate impact of assumption changes on current book of business.
• Assist with rating filings and regulatory reporting.

Skills

Actuarial Science

Math

Statistics

Microsoft Excel

Education

Junior or Senior in Actuarial Science, Math, or Statistics

Job description

About Us

At Federated Insurance, we do life‑changing work focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.

What Will You Do?

Internships are a great way to hone your skills in a professional setting. You’ll be exposed to a variety of meaningful projects that may include performing company‑level experience and rate‑level studies, collecting and organizing data to create reports, calculating the impact of assumption changes on the current book of business, and assisting with rating filings and other regulatory reporting. You’ll collaborate with team members daily, learn from their coaching and feedback, and your contributions will be valued and rewarded as you become an important member of the team. This is a full‑time, in‑person summer internship starting on June 7, 2027 and ending on August 18, 2027.

Qualifications Needed

• Be a junior or senior majoring in Actuarial Science, Math, or Statistics
• Have a minimum overall GPA of 3.2
• Have strong computer knowledge, including the ability to use Microsoft Excel or equivalent spreadsheet software
• Maintain the confidentiality of business and personnel information

Pay for this internship is $27.00 per hour. Pay may vary depending on passed actuarial exams and previous internship experience. More information can be discussed with a member of the Recruiting team.

What We Offer

We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering competitive compensation, enticing bonus programs, cost‑effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching.

Employment Practices

All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1‑B visa. Federated does not interview or hire students or recent graduates with J‑1 or F‑1 visas or similar temporary work authorization.

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