Actuarial Intern (Summer 2027)

Sammons Financial Group Inc.; West Des Moines (IA); On-site; USD 33,000 - 36,000; Part time

Benefits offered by this job

Paid internship

Health coverage

Professional development

Job summary

Sammons Financial Group Inc. offers a paid actuarial internship of 8–10 weeks, designed to expose students to project work and cross-division learning. The role includes data analysis, model adjustments, and preparing reports for stakeholders, with opportunities to extend hours during the school year.

Attendees will gain experience through development, culture, and volunteer events within Sammons. Internship emphasizes 80/10/10 exposure across areas, with regular attendance and alignment to core

Qualifications

• Strong mathematical ability, including calculus, linear algebra, probability and statistics.
• Proficient with spreadsheets and data analysis.
• Excellent verbal and written communication.

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, reviewing results for appropriateness.
• Provide technical assistance with questions or problems in other departments.
• Assist in creating reports and written communications for stakeholders.
• Analyze, summarize and present usage of distributed processing systems.

Skills

Mathematics proficiency

Statistics

Communication skills

Excel proficiency

Education

Pursuing bachelor’s degree in Actuarial Science/Mathematics/Finance

SOA exam completed

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 Preferred
• High 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