Summer 2027 Intern - Financial Services - L/H Actuarial

State Farm

Bloomington (IL)

Hybrid

USD 41,000 - 44,000

Full time

13 days ago

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Benefits offered by this job

Life Leave

Military Leave

401(k) Savings

Mutual Funds

Commuter Benefits

Wellness programs

Discount program

Good Neighbor Grant

Matching Gifts

Employee Assistance Fund

Company Holidays

Job summary

State Farm’s Life/Health Actuarial Internship Program offers interns hands-on work in risk assessment, pricing methods, and industry research within a collaborative training environment.

The 10-week hybrid program runs 6/2/2027–8/11/2027, with Bloomington, IL and Richardson, TX hubs. It provides 38.75 hours per week, pay at $30/hour plus $1/hour per exam passed and a $2,000 stipend, plus mentoring and leadership opportunities.

Qualifications

Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytical fields.
3.5 GPA preferred; 3.25 minimum required.
Experience with data and statistical analysis in Excel, SQL, R, and/or Python.
Intention to earn the ASA/FSA designation.
Successful completion of at least one Society of Actuaries actuarial exam.
Strong communication, interpersonal, organization, leadership, and critical thinking skills.

Responsibilities

Assessment of risk and financial needs for insurance products.
Development of innovative methods and applications to enhance insurance product pricing.
Research on company and emerging industry trends and hot topics.
Development through extensive training programs, mentoring programs, and leadership opportunities as well as competitive compensation/benefits such as actuarial exam raises.

Skills

Excel

SQL

Python

Statistical analysis

Communication

Teamwork

Education

Actuarial Science/Math/Statistics/Data Science/CS major

GPA 3.5 preferred; 3.25 minimum

Job description

Overview

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

Responsibilities

Grow Your Skills, Grow Your Potential

A Day In The Life Of An Intern – Life/Health Actuarial

State Farm’s Life/Health Actuarial Department is a place where interns complete innovative and meaningful project work in a collaborative environment focused on developing technical and business skills - a perfect complement to the classroom.

Assessment of risk and financial needs for insurance products
Development of innovative methods and applications to enhance insurance product pricing
Research on company and emerging industry trends and hot topics
Development through extensive training programs, mentoring programs, and leadership opportunities as well as competitive compensation/benefits such as actuarial exam raises

Qualifications

Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytical fields
3.5 GPA preferred; 3.25 minimum required
Experience with data and statistical analysis in Excel, SQL, R, and/or Python
Intention to earn the ASA/FSA designation
Successful completion of at least one Society of Actuaries actuarial exam
Strong communication, interpersonal, organization, leadership, and critical thinking skills

Internship Program Eligibility:

To be eligible for the summer internship program, you must be a full-time student currently enrolled in an undergraduate or post-graduate program throughout the duration of the internship.

Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.***

What You Can Expect:

Summer Internship Dates: 6/2/2027 – 8/11/2027 (10 weeks)
Hours: Monday-Friday, 38.75 hours per week
- As the summer program has a short duration, it is expected that hired interns will be available throughout the entire summer internship with minimal to no disruptions in their work schedule.
Pay: $30/hour (+ an additional dollar per hour for each Actuarial exam passed).
- In addition, interns selected for our summer internship program will be eligible for a $2,000 stipend!
Work Arrangement: Hybrid - In this position, you should plan to spend time working in the office a minimum of 2 days per week. Interns are expected to be able to travel to and from your assigned office location as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Selected interns must reside within the continental U.S. for the duration of the summer internship. Your leadership will share additional information regarding your department’s approach and what it means for you.
- As the summer program has a short duration, it is expected that hired interns will be available throughout the entire summer internship with minimal to no disruptions in their work schedule.
Hub Location(s): Bloomington, IL and Richardson, TX

Our Benefits

Time Off