Summer 2027 Actuarial Intern (Newport Beach)

Pacific Life; Newport Beach (CA); On-site; USD 74,501,000 - 83,097,000; Full time

Benefits offered by this job

Relocation stipend

Mentorship program

Professional development

Job summary

Pacific Life invites you to join its Summer Internship Program in Newport Beach, CA as an Actuarial Intern for 2027. You will work on diverse actuarial projects, including data visualization and cash-flow analyses, while benefiting from mentorship, training, and real-world experience at a Fortune 500 insurer.

Candidates pursuing an undergraduate degree in Mathematics/Statistics/Economics/Finance/Actuarial Science and aspiring actuaries graduating between Dec 2027 and May/Jun 2028 are encouraged

Qualifications

• Pursuing an undergraduate degree in Mathematics, Statistics, Economics, Finance, or Actuarial Science.
• Completion of at least 1 SOA exam is required.
• Strong analytical and communication skills.

Responsibilities

• Assist actuarial projects including dashboards to visualize data.
• Work on Rider Analysis, Cash Flow Analysis, and tools for efficiency.
• Participate in mentorship sessions and rotational events.

Skills

SOA exams

Continuous Learning

Curiosity

Adaptability

Innovation AI Agility

Education

Undergraduate degree in Mathematics/Statistics/Economics/Finance/Actuarial Science

Job description

Job Description

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

Job Description

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

Jumpstart your Actuarial career with Pacific Life! We are dedicated to your growth and providing opportunities to thrive! We’re investing in agile new talent with fresh perspectives to help us innovate and build meaningful relationships for years to come. We are currently recruiting Summer 2027 Actuarial Interns.

As an Actuarial Intern, you'll be welcomed into an inclusive and dynamic culture where you'll play a key role in helping to drive toward Pacific Life's goals. Interns will have the opportunity to spend their summer in the Newport Beach, CA office working at a Fortune 500 company in the financial services industry. Interns will be involved in a diverse array of challenging actuarial projects and internship program activities.

Program Highlights Include

• Product Training: You will be trained in Pacific Life’s Annuity products to ensure you start your summer internship with a high-level understanding of what we offer to our customers.
• Mentorship: You will be assigned an Executive and peer mentor who will meet with you to discuss their knowledge and experience and provide you with guidance on your internship and career path.
• Hands On Experience: You will be participating in actuarial projects that will give you a true understanding of the profession. The projects you will work on will contribute to your teams’ and company goals. Examples of projects include: Creating dashboards to visualize data, Rider Analysis, Cash Flow Analysis, and Creating tools for efficiency.
• Rotational Events: You will be invited to a series of interactive learning sessions in which key actuaries throughout the company will provide an overview of their department and job duties as well as their experiences as an actuary. This will include exposure to Modeling, Risk Management, Product Design, Pricing, Valuation, Reinsurance and more.
• Social Activities: Networking opportunities, Executive speaker series, community service events, and social outings.

Relevant Competencies

• Continuous Learning. You want to continue learning and expanding both the depth and breadth of your knowledge as it pertains to your functional responsibilities and business acumen.
• Curiosity. You demonstrate an interest in finding underlying causes and understanding how the work you do relates to our business mission and strategy.
• Adaptability. You can adjust your focus and/or approach depending on results, strategy, or business needs.
• Innovation & AI Agility. You demonstrate curiosity about emerging technologies and a willingness to explore new ways of working. You seek opportunities to leverage data, automation, and AI-enabled tools.

Who We're Looking For

We are primarily seeking students who are interested in pursuing an actuarial career and expected to graduate between December 2027 and May/June 2028.

High-performing interns may be considered for full-time actuarial opportunities upon graduation.

Factors for Success

• Completion of at least 1 Society of Actuaries exam is required.
• Pursuing an undergraduate degree majoring in Mathematics, Statistics, Economics, Finance, or Actuarial Science.
• Ability to problem solve and demonstrate leadership.
• Strong communication and analytical skills.
• Desire to gain more experience in the actuarial field.

The base pay rate for this position is $26.00 per hour for one exam passed, $27.00 for two exams passed, $28.00 per hour for three exams passed, $29.00 per hour for four exams passed (based on exam progress).

Relocation stipend will be available if residence is outside of 50 mile radius from office location.

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

How We Help You Succeed

Our Summer Internship Program has become Pacific Life’s talent pipeline for full time early career opportunities. The University Relations team ensures each intern has a well-rounded positive experience to help them reach their career goals. The Summer Program includes:

• Professional Development
• Executive Mentorship Program
• Collaborative Environment
• Real World Work
• Social Events
• Training and Education
• Networking and Exposure to Leadership

EEO Statement

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.