Actuarial Internship - Summer 2027 - Hybrid

US001 CMFG Life Insurance Company; Madison (WI); On-site; USD 33,000 - 44,000; Full time

Benefits offered by this job

Housing support

Transportation accommodation

Relocation reimbursement

Job summary

TruStage in Madison, WI is seeking an Actuarial Intern to gain hands-on experience across property & casualty, life, annuity, and retirement lines. You will work on meaningful projects and learn from senior leaders in a collaborative environment.

You will build actuarial programs using PolySystems, GGY Axis, ResQ, Python, SQL, and Excel while developing strong analytical and communication skills. This internship offers housing support, transportation accommodation, and relocation reimbursement.

Qualifications

• Pursuing undergraduate or graduate degree related to actuarial science.
• Strong analytical and communication skills are essential.
• Interest in actuarial concepts and teamwork.

Responsibilities

• Support property & casualty, life, annuity, retirement, or health practice areas.
• Create and run actuarial programs using listed tools and languages.
• Maintain and enhance spreadsheets and visually present data.

Skills

Analytical thinking

Critical thinking

Problem solving

Communication skills

Interpersonal skills

Education

Bachelor’s degree (pursuing) in Actuarial Science, Risk Management & Insurance, Mathematics, Statistics, Economics, Finance, or related field

Tools

PolySystems

GGY Axis

ResQ

Python

SQL

R

Job description

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future. Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition

Actuarial Internship

• Time Frame: May 31, 2027, to August 6, 2027
• Work Location: In-Person (Madison, WI)
• Pay Range: $24.00-$32.00/hour, depending on the number of actuarial exams/modules passed and prior internship experience
• Financial Aid: Potential eligibility for housing support, transportation accommodation, and relocation reimbursement
• Positions: 4-6 interns
• Eligibility: Students pursuing undergraduate or graduate degrees with an expected graduation date of December 2027 or later are encouraged to apply. We welcome applications from candidates who now or in the future may require company sponsorship for an immigration-related employment benefit.

Company Description

Join TruStage at our corporate headquarters in Madison, WI as an Actuarial Intern! TruStage has product lines in the property and casualty, life and annuities, and retirement and pension areas. It is the perfect place for an actuary who is early in their career and unsure about whether to pursue a designation with the Society of Actuaries or the Casualty Actuarial Society. Our internship will help you build relationships within our walls and out in the community. You will help us create a more innovative and equitable financial system—ensuring a brighter financial future is accessible to everyone.

Job Purpose

We are looking for an analytical individual with a demonstrated understanding of actuarial and statistical concepts. The Actuarial Intern will be an active member of a team and do meaningful work to help the company further its mission of creating a brighter financial future for everyone. Work may be part of a larger project with multiple contributors or individually driven. In this internship, you will gain exposure to a corporate environment and have access to senior leadership. Attention to detail, willingness to learn from mistakes, independence, and clear communication are necessary to succeed in this internship.

Job Responsibilities

• Supporting property & casualty, life, annuity, retirement, or health practice areas
• Creating and running actuarial programs on PolySystems, GGY Axis, ResQ, Python, SQL, or R
• Maintaining and enhancing spreadsheets
• Visualizing data in Power BI or Excel
• Performing experience studies to set reasonable actuarial assumptions
• Calculating interest rates and dividends
• Pricing, reserving, or modeling
• Making recommendations
• Presenting and explaining your work to others

The above statement of duties is not intended to be all-inclusive, and other duties will be assigned from time to time.

Job Requirements

• Working towards a relevant degree or equivalent work experience
• Strong analytical, critical thinking, problem-solving, and decision-making skills
• Demonstrated interpersonal and customer service skills
• Excellent communication skills
• Intellectual curiosity and the desire to learn

Preferred Experience:

• Pursuit of a bachelor’s degree or higher in Actuarial Science, Risk Management & Insurance, Mathematics, Statistics, Economics, Finance, or related field
• Working knowledge of Microsoft Excel, including formulas, PivotTables, lookup functions, and data validation techniques used to support actuarial analysis, spreadsheet maintenance, and reporting.
• Passed 1 or more SOA or CAS actuarial exams (but not required)
• Prior internship experience (but not required)

A resume is required to apply.

Compensation and Benefits

Base Salary Range: $24.00 - $32.00

At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. Eligible employees may also enroll in medical coverage, employee assistance program, and the 401k plan. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees. We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when “life happens,” you can focus on what’s most important.

Accommodation request TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department.

We’re on a mission to make a brighter financial future accessible to everyone. Dedicated to helping more people — in more ways — make confident financial decisions at every stage. And we’re committed to delivering on this belief, together. Creating opportunities beside our partners, members of our communities and our employees.