Summer 2027 Intern - L/H Actuarial - Actuarial Analyst I

Acturhire

Bloomington, Northern (IL, KY)

Hybrid

USD 16,531,000 - 20,664,000

Full time

14 days+

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Benefits offered by this job

Stipend

Hybrid work

Job summary

State Farm offers a Life/Health Actuarial internship focused on real project work and skill development. Interns analyze risk, build pricing methods, and research trends in a collaborative, mentored environment.

Eligibility includes pursuing Actuarial science or related fields, GPA 3.25+, and progress toward ASA/FS A designation. The program runs 6/2/2027 to 8/11/2027 with a hybrid work arrangement and a $30/hour pay plus exam-based increases, plus a $2,000 stipend.

Qualifications

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

Responsibilities

Support analysis of risk and financial needs for insurance products
Develop methods and applications to enhance pricing
Research industry trends and company insights
Engage in training, mentoring, and leadership programs with actuarial exams support

Skills

Excel

SQL

Python

Data analysis

Communication

Leadership

Critical thinking

Education

Actuarial Science

Math

Statistics

Data Science

Computer Science

Information Management

ASA/FSA designation intent

SOA actuarial exam

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. Interns provide analysis and solutions through:

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

We Are Looking for College Students With:

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:

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.
Hub Location(s): Bloomington, IL and Richardson, TX

Our Benefits

We are excited to offer our interns a tailored set of benefits with a range of valuable perks to help support you during your time with us!

Time Off