Intern - Temporary

Horace Mann; Springfield (IL); Hybrid; USD 30,000 - 42,000; Full time

Job summary

Horace Mann Educators Corporation is seeking an L&R Actuarial Intern for the summer of 2027. You will gain hands-on experience in life and retirement product development, modeling, and financial analysis tailored for educators, under supervision from senior team members.

You’ll work on pricing, profitability analysis, assumption setting, and competitive analysis, with opportunities to learn regulatory aspects and automation of spreadsheets in a hybrid arrangement requiring weekly travel to

Qualifications

• Currently pursuing a Bachelor’s degree in actuarial science, finance, economics, statistics, mathematics, business, or related field.
• A minimum of one Actuarial exam through either the SOA or CAS must be completed.

Responsibilities

• Assist in building, maintaining, and running actuarial projection models (MG-ALFA or Excel-based tools) to evaluate profitability.
• Help prepare profit summaries, sensitivity testing, and risk analysis for senior audiences.
• Work with pricing assumptions such as mortality, lapse rates, and expenses to learn their impact on profitability.
• Review competitor product pricing, design, and features to position Horace Mann products.
• Identify opportunities to improve or automate spreadsheets to drive team efficiency.
• Participate in department and project meetings, contributing ideas and collaborating cross-functionally.

Skills

Excel advanced functions

SQL

Python

R

VBA

Education

Actuarial exam progress (SOA/CAS)

Tools

MG-ALFA

Excel-based tools

Job description

Actuarial internship for summer of 2027.

Horace Mann Educators Corporation offers insurance and financial products to educators and those who serve the public. We’re motivated by the fact that educators take care of our children’s future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. Our tailored offerings include special rates and benefits for educators, as well as the insurance we’re known for in order to help protect what they have today and the financial products to help prepare them for their futures.

The Role

Our Life and Retirement (L&R) Actuarial team is seeking an L&R Actuarial Intern, who will gain hands‑on experience in the development, modeling, and financial analysis of life insurance and retirement / annuity products tailored for educators. Under direct supervision from various senior members of the team, you will also gain exposure to assumption setting, risk assessment, and regulatory compliance within the insurance industry. It's a great opportunity to apply your quantitative skills and learn how actuarial principles are applied in real‑world scenarios to build a foundation for a successful actuarial career.

Our ideal candidate will have the ability to travel to our Springfield, IL offices weekly, per the hybrid work schedule.

The Day‑to‑Day

• Product Pricing & Modeling: Assist in building, maintaining, and running actuarial projection models (such MG-ALFA or Excel‑based tools) to evaluate the profitability of life and annuity products.
• Profitability Analysis: Help prepare profit summaries, sensitivity testing, and risk analysis for senior audiences.
• Assumption Setting: Work with key pricing assumptions such as mortality, lapse rates, and expenses to gain an understanding for the impact they have on product profitability. Gain exposure to experience data as a way to learn how assumptions are developed.
• Competitive Analysis: Review analysis containing competitor product pricing, design, and features to help position Horace Mann products in line with company goals. Gain an understanding of the various insurance products offered by Horace Mann and their specific actuarial considerations.
• Process Optimization: Identify opportunities to improve or automate existing spreadsheets to drive higher team efficiency.
• Team Building: Actively participate in various department and project‑focused meetings, engage and contribute ideas, and gain exposure to cross‑functional collaboration.

Role Requirements

• Academic Background: Currently pursuing a Bachelor’s degree in actuarial science, finance, economics, statistics, mathematics, business, or related field.
• Actuarial Exams: A minimum of one (1) Actuarial exam through either the Society of Actuaries (SOA) or the Casualty Actuary Society (CAS) must be completed.

Technical & Soft Skills

• Technical Proficiency: Expertise in Microsoft Excel (including pivot tables and advanced functions). Exposure to programming languages (SQL, Python, R, or VBA) or dedicated actuarial software is a plus.
• Analytical Thinking: Exceptional abilities in the analytical space to analyze data, interpret trends, and make sound recommendations.
• Communication: Compelling written and verbal communication skills are essential for presenting findings, collaborating with team members, and explaining complex concepts to stakeholders.
• Collaboration: A proactive team member who is eager to learn, adapt to feedback, and manage multiple project deadlines efficiently.
• Time Management: Detail‑oriented and organized to prioritize work and time effectively.
• Growth Mindset: Being open to growth and learning new skills is an essential piece of the mentality we cultivate in cohesion with our customers - America’s Educators!

Pay Range:$26/hour. Salary is commensurate to experience, location, etc.

Horace Mann was founded in 1945 by two Springfield, Illinois, teachers who saw a need for quality, affordable auto insurance for teachers. Since then, we’ve broadened our mission to helping all educators protect what they have today and prepare for a successful tomorrow. And with our broadened mission has come corporate growth: We serve more than 4,100 school districts nationwide, we’re publicly traded on the New York Stock Exchange (symbol: HMN) and we have more than $12 billion in assets.

We’re motivated by the fact that educators take care of our children’s future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. This includes insurance to protect what they have today and financial products to help them prepare for their future. Our tailored offerings include special rates and benefits for educators.

EOE/Minorities/Females/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status

Voluntary Self‑Identification

For government reporting purposes, we ask candidates to respond to the below self‑identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Horace Mann ’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service‑connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

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