Life Actuary Intern - Summer 2027

Ultipro; Indianapolis (IN); On-site; USD 20,000 - 30,000; Full time

Job summary

Ultipro in Indianapolis is offering a Life Actuary Intern position to gain hands-on experience in life insurance products and actuarial modeling. You will work with modeling software to update assumptions, run scenarios, and validate results while developing documentation and presentation skills.

The role emphasizes collaboration, rigorous data analysis, and learning actuarial methodologies applicable to pricing, valuation, and financial planning within the insurance industry.

Qualifications

• Pursuing a bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, Finance, or a related quantitative field.
• Experience using Microsoft Excel.
• Successful completion of at least one Society of Actuaries (SOA) exam preferred.

Responsibilities

• Learn life insurance products basics, including term life, whole life, interest-sensitive life, fixed and payout annuities.
• Update assumptions and run scenarios using actuarial modeling software.
• Compile and analyze data for mortality, lapse, and new business distribution studies.
• Develop controls and trend analyses to support pricing, valuation, and financial planning activities.
• Support reinsurance strategy by monitoring results and researching treaties.
• Prepare reports, charts, graphs, and presentations communicating analytical findings.
• Document methodologies, assumptions, and results to support actuarial processes.

Skills

Excel

Communication

SOA exam

Analytical

Documentation

Education

Actuarial Science / Math / Stats / Data Science / Finance (bachelor's in progress)

Tools

Actuarial software

Job description

225 S East St
Indianapolis, IN 46202, USA

Description

What You’ll Gain Experience In

As a Life Actuary Intern, you may:

• Gain knowledge of life insurance products, including term life, whole life, interest-sensitive life insurance, fixed annuities, and payout annuities.


• Work with actuarial modeling software to update assumptions, run scenarios, and validate model results.


• Compile and analyze data for mortality, lapse, and new business distribution experience studies.


• Develop controls and trend analyses to support pricing, valuation, and financial planning activities.


• Support the company's reinsurance strategy by monitoring results, researching treaties, and compiling key data.


• Prepare reports, charts, graphs, and presentations that communicate analytical findings and recommendations.


• Document methodologies, assumptions, and results to support actuarial processes and reporting.


• Develop an understanding of actuarial methodologies and their application within the insurance industry.


• Collaborate with team members and effectively communicate information, suggestions, and recommendations.

Qualifications

Preferred Education

Pursuing a bachelor's degree in:

• Actuarial Science, Mathematics, Statistics, Data Science, Finance, or a related quantitative field

Preferred Skills

• Experience using Microsoft Excel.


• Strong written and verbal communication skills.


• Successful completion of at least one Society of Actuaries (SOA) exam preferred.


• Demonstrated analytical and problem-solving abilities.


• Ability to conduct research and maintain detailed documentation.

Desired Characteristics

Successful candidates will demonstrate:

• Curiosity and a desire to learn.


• Willingness to take on new challenges.


• Strong attention to detail and analytical thinking.


• Professionalism and strong business acumen.


• The ability to apply actuarial and business concepts learned in the classroom to real-world opportunities.


• A collaborative mindset and effective communication skills.

Join our team and gain hands-on actuarial experience while working alongside industry professionals who will help you develop the technical, analytical, and business skills needed for a successful actuarial career.

#HO #IN #LI-LL1

Qualifications

Education

Required

High School or better.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.