Life Actuary Intern - Summer 2027

Indiana Farm Bureau Insurance; Indianapolis (IN); Hybrid; USD 22,000 - 29,000; Part time

Job summary

Indiana Farm Bureau Insurance is seeking a Life Actuary Intern in Indianapolis to gain hands-on actuarial experience across life insurance products, including term, whole, and payout annuities. You will work with modeling software to update assumptions, run scenarios, and validate results, while compiling data for various experience studies.

The role emphasizes strong Excel skills, clear written and verbal communication, and documentation of methodologies.

Qualifications

• Pursuing a bachelor's or master's degree in a quantitative field such as Actuarial Science, Mathematics, Statistics, Data Science, Finance, or related field.

Responsibilities

• Gain knowledge of life insurance products (term, whole, interest-sensitive) and annuities.
• Work with actuarial modeling software to update assumptions and validate results.
• Compile and analyze mortality, lapse, and new business data for studies.
• Develop controls and trend analyses to support pricing, valuation, and financial planning.

Skills

Excel

Communication

SOA exam

Analytical thinking

Documentation

Education

Actuarial Science

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 or master'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
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