Summer 2027 Actuarial Intern

Mutual of Omaha; Omaha (NE); On-site; USD 36,000 - 41,000; Part time

Benefits offered by this job

401(k) plan with company match

Summer housing provided

Paid holidays

Job summary

Mutual of Omaha offers a 12-week Actuarial Internship Program with real-world projects in life, health, and annuities. The role includes a mid-summer rotation to expose interns to multiple areas and provide hands-on experience around actuarial analysis and reporting.

Students will work on projects related to financial results, pricing, and developing new solutions, with opportunities to learn from senior actuaries and build professional connections.

Qualifications

• Actuarial background in related fields (Actuarial Science, Math, Statistics, Economics or Computer Science).
• Aptitude for statistical interpretation and working knowledge of actuarial assumptions and formulae.

Responsibilities

• Participate in projects as assigned (product development, morbidity tables, financial results, premiums or other matters).
• Generate and verify data for reports and exhibits using actuarial concepts and computer tools as needed.
• Provide explanation of computation results to senior colleagues and summarize material for other actuarial staff.
• Prepare schedules of statistics, premiums, reserves and benefits, documenting factors used.

Skills

Actuarial background

Statistical interpretation

Collaborative culture

Education

Actuarial Science / Math / Statistics / Economics

Job description

Step into a high-impact internship where your work matters. At Mutual of Omaha, our Actuarial Internship Program gives you the chance to contribute to a Fortune 500 company through real-world projects like analyzing financial results, pricing insurance products, and developing new solutions across life, health, and annuities.

Over 12 weeks, you’ll gain hands-on experience and broaden your perspective through a mid-summer rotation that introduces you to multiple areas of our business. It’s your opportunity to build skills, make connections, and explore where actuarial science can take you.

WHAT WE CAN OFFER YOU:

• Hourly Wage:
  • Undergraduate Actuarial Intern
    • One passed exam: $26
    • Two passed exams: $27
    • Three passed exams: $28
  • Graduate Actuarial Intern
    • One passed exam: $28
    • Two passed exams: $29
    • Three passed exams: $30
• 401(k) plan with a 2% company contribution and 6% company match.
• Work-life balance with vacation, personal time and paid holidays. See our benefits and perks page for details.
• Applicants for this position must not now, nor at any point in the future, require sponsorship for employment.

WHAT YOU'LL DO:

• Participate in projects as assigned. Assignments may be related to product development, morbidity and mortality tables, financial results, premium persistency, expenses, or other matters as designated by managers.
• Generate and verify data related to various exhibits and reports, applying actuarial and mathematical concepts, formulae, and computer capabilities as necessary for completion of duties.
• Provide senior colleagues with documentation and explanations of computation results, and may research, analyze, and summarize material required by other actuarial personnel.
• Prepare schedules of statistics, premiums, reserves, and benefits assigned, documenting and verifying factors used in the related computations.

WHAT YOU’LL BRING:

• An actuarial background in a related field, such as Actuarial Science, Math, Statistics, Economics and/or Computer Science.
• An aptitude for statistical interpretation and a working knowledge of actuarial assumptions and formulae.
• You are enrolled in a degree program related to actuarial science, math, statistics, data analytics, economics or other related fields both before and after the internship.
• You have successfully completed one or more Society of Actuaries exam(s) via:
  • The University-Earned Credit (UEC) Program
  • Traditional exam setting
• You possess an aptitude for statistical interpretation and a working knowledge of actuarial assumptions and formulae.
• You promote a collaborative culture, value different ideas and opinions, and listen courageously, remaining curious in all that you do.
• Able to work at our office located in Omaha, NE, in an in-office environment with summer housing provided.

We value unique experience, skills, and passion for innovation.