Actuarial Intern (Summer 2027)

Sammons Financial Group Companies; West Des Moines (IA); On-site; USD 33,000 - 44,000; Full time

Benefits offered by this job

Health coverage

ESOP & 401(k)

Paid time off

Development opportunities

Volunteer time off

Matching gifts

Job summary

Sammons Financial Group is seeking a motivated student intern to provide quantitative support for new and inforce products and policies within our actuarial-focused team. The internship runs 8-10 weeks with potential extension, and follows an 80/10/10 structure to broaden corporate exposure and culture.

Responsibilities include assisting with rate setting, data analysis, profitability projections, building spreadsheet tools, and supporting cross-department reporting.

Qualifications

• Pursuing bachelor1 degree in Actuarial Science, Mathematics, Finance.
• SOA exam preferred.
• Solid mathematical foundation including calculus, linear algebra, probability and statistics.
• Experience with spreadsheets; SQL or SAS is a plus.

Responsibilities

• 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.

Skills

Strong mathematical ability

Spreadsheet skills

SQL or SAS knowledge

Strong communication skills

Education

Pursuing Bachelor1 degree in Actuarial Science, Mathematics, Finance

Tools

SQL

SAS

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 PreferredHigh 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 Medical, Dental, Vision, HSA & FSA options, and term life insurance.
• Competitive compensation with a performance-based incentive program tied to clear goals and individual and/or company success.
• Invest in your future with our 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k).
• Work-life balance that means something. Friday afternoons off year-round, generous paid time off, and paid holidays.
• Commit to your growth with paid development time, tuition reimbursement, and professional development opportunities across industry, individual, and leadership programs.
• Make an impact beyond the workplace through volunteer time off, and our company nonprofit matching gift program, supporting the causes that matter most to you.
• An ownership culture that inspires; join a connected, values-driven workplace where employees take accountability, support one another, and are empowered to do their best work- together shaping our future shared success.

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.).

Additional Information

Sammons Financial Group Is An Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or any other characteristic protected by applicable law.

ADA

Sammons Financial Group is committed to providing reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process. If you need assistance or a reasonable accommodation at any stage of the application or hiring process, including navigating our website or applying for a position, please contact [e-mail] or call 800-728-2987.

E-Verify

Sammons Financial Group participates in E-Verify and will provide the Social Security Administration and, if necessary, the Department of Homeland Security with information from each new employee's Form I-9 to confirm work authorization.

Policy for External Search Firms and Agencies

Sammons Financial Group maintains an internal Talent Acquisition function and does not accept unsolicited resumes or candidate submissions from search firms, staffing agencies, or other third-party recruiting vendors. Please review our Recruitment Agency Policy for additional information here.