Summer 2027 Actuarial Internship | Fully Onsite

Allianz Life; Minneapolis (MN); On-site; USD 83,096,832 - 91,693,056; Full time

Benefits offered by this job

Tuition reimbursement

401(k) company match

Paid leave

Job summary

Allianz Life is offering an actuarial internship in Minneapolis. You will work with seasoned actuaries, analyze annuity and life products, and assist in pricing and financial reporting. You will gain exposure to AI tools and advanced modeling in a Fortune-listed employer.

The role expects curiosity, detail orientation, and a drive to learn. Prior internship experience and ongoing actuarial studies are a plus.

Qualifications

• Strong Excel, VBA and programming skills.
• Pursuing a degree in Actuarial Science or related field.
• Completion of 1–2 SOA exams preferred.
• Legally eligible to work in the U.S. without sponsorship.

Responsibilities

• Assist in preparing financial reports and actuarial analyses.
• Support product pricing, projections and valuation assumptions.
• Develop modeling techniques in actuarial projection software.
• Communicate results to cross-functional teams and senior leaders.

Skills

Excel VBA

Actuarial Science

Programming

Education

Actuarial degree in progress

Tools

Actuarial software

Job description

As an intern, you will gain real employee experiences from a top FORTUNE'S "100 Best Companies to Work For" corporation. We place a high value on our interns and involve them in real work with a real business impact, making our internships a class of their own. With exceptional opportunities and benefits such as: presentation opportunities, access to our senior and executive level leaders, financial education workshops and a professional development series.

If you want to be an actuary, this is the place to get you started. Bring your curiosity, flexibility, creativity, self-motivation, detail orientation, and technical brilliance to work with our seasoned actuaries in using industry-leading technology on projects that add value and make a significant impact on our business. This includes analyzing annuity and life insurance products, participating in the development and pricing of new products, preparing financial statements, hedging our investments, producing analysis and reports for senior leaders, performing Excel spreadsheet automation and developing complex financial models.

What You Do

• Assist in preparation of financial reports, memorandums and other required actuarial supporting analyses including:
  • New product and filings and rollouts
  • Product management actions
  • Requests from external auditors, state regulators and rating agencies
  • Parent company requests and requirements
  • Experience studies and assistance in development of pricing, projection or valuation assumptions
  • Design and develop sophisticated modeling techniques in an Actuarial projection software
• Communicate actuarial results to cross-functional areas including:
  • Business unit and other Support unit personnel and documentation of the actuarial analysis performed
• Utilize artificial intelligence tools and resources (e.g. generative AI).

What You Bring

• Superior communication, programming and math skills
• The ability to translate results into words
• Experience using Excel, VBA and/or other programming languages
• Active pursuit of a degree in Actuarial Science, Mathematics or related field
• Completion of 1-2 SOA exams preferred
• Leadership experience a plus
• Preference will be given to candidates that also have the following:
  • Previous actuarial internship experience
  • Successful completion of at least one SOA exam
  • Programming or database management experience
• You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas.

Job posting range $29/hr - $32/hr

Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.

What We Offer

At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, flexible spending and health savings accounts, tuition reimbursement, student loan retirement program, generous annual paid leave, an outstanding 401(k) company match, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that is fair, caring, and inclusive. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer. For additional information regarding What It’s Like To Work Here | Allianz Life.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us.

Let’s care for tomorrow.