Actuarial Summer Intern

PML Penn Mutual Life Insurance Company; United States; Hybrid; USD 34,000 - 39,000; Full time

Benefits offered by this job

Mentorship program

Onsite week in Conshohocken, PA

Hands-on actuarial training

Exposure to AI-enabled tools

Job summary

Penn Mutual is offering a Summer Actuarial Internship designed for students pursuing actuarial science. This 11-week program is paid and largely remote, with a dedicated onsite week in Conshohocken, PA to meet the actuarial team in person.

Interns gain hands-on exposure across product development, financial management, risk management, and actuarial analytics, applying quantitative skills to real business challenges within a leading mutual life insurance company.

Qualifications

• Pursuing a degree in Actuarial Science, Mathematics, or related field.
• Actuarial exams are not required for eligibility, but progress toward credentials is preferred.
• Strong written and verbal communication skills.
• Ability to organize and prioritize work to meet goals.
• Demonstrated initiative and collaborative work style.
• Ability to work effectively in a team.

Responsibilities

• Support actuarial analyses related to key business initiatives within product development, financial management, and risk management.
• Compile, validate, and analyze data for actuarial studies, experience analyses, and management reporting.
• Assist with actuarial calculations, financial projections, reserve analyses, and other analytical projects.
• Document methodologies, assumptions, and results to support actuarial models and business decision-making.
• Collaborate with teammates and business partners while contributing toward shared team goals and objectives.

Skills

Communication

Organization

Initiative

Teamwork

Analytical skills

Education

Actuarial Science or Mathematics degree

Business coursework

Tools

AI tools

Actuarial software

Job description

Job Description: Penn Mutual's Summer Actuarial Internship offers a dynamic and immersive experience for students pursuing a career in actuarial science.

This 11-week, paid, primarily remote internship provides hands‑on exposure to actuarial work across several practice areas, including product development, financial management, risk management, and actuarial analytics.

Interns will apply quantitative skills to real business challenges while gaining insight into the operations of a leading mutual life insurance company.

Program Highlights

• Executive Leadership Engagement = Participate in exclusive sessions with key members of Penn Mutual's executive team to gain insight into the company's strategy, leadership philosophy, and the future of the insurance industry.
• Dedicated Onsite Week = Connect with fellow interns and actuarial leaders during an immersive week-long onsite experience in Conshohocken, PA, gaining firsthand exposure to Penn Mutual's culture and insights into the actuarial profession.
• Technical Skill Development = Receive training and practical exposure to actuarial, analytical, and business technology platforms, including emerging AI-enabled tools and other innovative technologies used across the organization.
• Department Information Sessions = Learn directly from actuarial teams through structured information sessions across key business areas.
• Mentorship Program = Be paired with experienced actuarial professionals for guidance, support, and career development.
• Presentation & Communication Skills = Build confidence through opportunities to present both formally and informally to peers and professionals.

Responsibilities

• Support actuarial analyses related to key business initiatives within product development, financial management, and risk management.
• Compile, validate, and analyze data for actuarial studies, experience analyses, and management reporting.
• Assist with actuarial calculations, financial projections, reserve analyses, and other analytical projects.
• Document methodologies, assumptions, and results to support actuarial models and business decision‑making.
• Collaborate with teammates and business partners while contributing toward shared team goals and objectives.

Skills

• Actuarial exams are not required for program eligibility; however, progress toward actuarial credentialing is preferred.
• Strong written and verbal communication skills.
• Ability to organize and prioritize work to meet individual and team objectives.
• Demonstrated initiative through learning new skills, solving problems, and contributing new ideas.
• Ability to work effectively in a collaborative team environment.
• Strong analytical and quantitative problem‑solving skills.

Required Experience

• Working towards a degree with a major/concentration in Actuarial Science, Mathematics or a related discipline.
• Business coursework is a plus.

About the program

Duration: 11-week summer internship

Schedule: Full-time, 40 hours per week

Pay rate: $25.00–$28.00 per hour, depending on the number of exams passed

Remote environment which includes a dedicated onsite week to meet and collaborate with the Actuarial team in-person

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future.

Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management.

To learn more, including current financial strength ratings, visit www.pennmutual.com.

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment‑related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.

You’ve got big plans. You want to do work that matters. And you have high expectations for the next step in your career. Join a team of bright, talented and driven employees who have a common goal in mind: To help people get stronger. It's as simple as that. You’ll build on your expertise and have a positive impact on the financial professionals we support and the clients they serve. Here, you're an expert in the subject matter and you'll always be treated like one. Every day, your purpose is to help people get stronger. But here's the thing: Professionally, you'll get stronger too.