Summer 2027 Intern - Financial Services - L/H Actuarial

State Farm

Richardson (TX)

Hybrid

USD 12,000 - 15,000

Full time

5 days ago

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Benefits offered by this job

Hybrid work arrangement

Stipend

Job summary

State Farm's Life/Health Actuarial Internship offers hands-on project work in a collaborative environment to build technical and business skills. Interns assess risk, price products, and research industry trends under mentorship, with actuarial exam support and competitive compensation.

The program runs 6/2/2027–8/11/2027 (10 weeks), with hybrid office days and a $30/hour pay (+$1/hour per actuarial exam passed) plus a $2,000 stipend.

Qualifications

Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management.
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 SOA 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

Communication

Interpersonal skills

Leadership

Critical thinking

Education

Actuarial Science

Mathematics

Statistics

Data Science

Computer Science

Information Management

Tools

Excel

SQL

Python

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