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Actuarial Science Intern information

What is an actuarial science intern?

Actuarial Science Interns are students or recent graduates who work alongside professional actuaries to gain practical experience in the field of actuarial science. Their main responsibilities include analyzing statistical data, assisting with risk assessments, preparing reports, and learning to use actuarial software. These internships provide hands-on exposure to insurance, finance, and pension industries, helping interns apply their mathematical and analytical skills to real-world problems. The experience gained is valuable for passing actuarial exams and pursuing a full-time actuarial career.

What does an actuarial science intern do?

As an Actuarial Science Intern, you can expect to work on a variety of projects such as data analysis, risk assessments, and assisting with the preparation of financial reports or actuarial models. Interns often collaborate closely with experienced actuaries and other team members, contributing to tasks like pricing insurance products, evaluating reserves, or analyzing claims data. The internship is structured to provide hands-on experience with industry-standard tools and software, as well as exposure to real-world decision-making processes. This role offers valuable insight into the actuarial profession and helps you build technical and professional skills that can support your future career growth.

What are the key skills and qualifications needed to thrive as an actuarial science intern?

To thrive as an Actuarial Science Intern, you need strong analytical and mathematical abilities, typically supported by progress toward a degree in actuarial science, mathematics, or statistics. Familiarity with actuarial software such as Excel, SAS, or R, and passing one or more actuarial exams are often expected. Attention to detail, problem-solving skills, and effective communication help interns interpret data and present findings clearly. These skills and qualifications are essential for accurately assessing risk, supporting business decisions, and contributing to actuarial teams.

What is the difference between Actuarial Science Intern vs Actuarial Analyst?

AspectActuarial Science InternActuarial Analyst
CredentialsTypically pursuing a degree in actuarial science or related field; may have passed 1-2 actuarial examsUsually has completed some exams; often holds or is close to obtaining an actuarial credential
Work EnvironmentInternship setting, often part-time or summer role, supervised by experienced actuariesFull-time position within insurance, consulting, or financial firms, with more independent responsibilities
Industry UsageCommonly used in insurance and finance firms for training and developmentStandard role in actuarial departments, involved in analysis and reporting

The main difference between an Actuarial Science Intern and an Actuarial Analyst lies in experience level, responsibilities, and credential status. Interns are typically students gaining initial exposure, while analysts are more experienced professionals performing core actuarial tasks.

What are the most commonly searched types of Actuarial Science jobs in Indiana?

The most popular types of Actuarial Science jobs in Indiana are:

What cities in Indiana are hiring for Actuarial Science Intern jobs?

Cities in Indiana with the most Actuarial Science Intern job openings:

Actuarial Science Intern jobs near you

Actuarial Intern, Summer 2018

Carmel, IN • On-site

CNO Financial Group, Inc.
Insurance Services • 5 - 10K employees

8.7

Company rating: 8.7 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

72nd of 315 rated insurance

Great coworkers

People enjoy working here

Good employer

Learn more about CNO Financial Group, Inc.external

Part-time

Re-posted 15 days ago

Job description

Job Title
Actuarial Intern, Summer 2018
Location
Carmel, IN
Job Details
CNO Financial Group is hiring actuarial interns for the Summer of 2018. Summer interns will gain valuable experience with the company's products in life insurance, annuities, and/or supplemental health insurance in both the product management and valuation areas. They will have the opportunity to interact with actuaries and each other over the course of the internship, get a behind the scenes look at the quantitative tools actuaries use, and see the inner workings of an Insurance company.
Job Responsibilities may include but not limited to:
  • Simplify and standardize valuation calculations
  • Convert models to new software
  • Provide clear documentation and communication of technical work
  • Improve projection tools with input and guidance from assigned actuarial group
  • Perform all other duties as assigned

Qualifications:
  • A serious interest in the actuarial profession
  • Working towards a Bachelors degree in Actuarial Science, Math, or related field
  • Successful completion of at least one actuarial exam
  • Strong analytic skills with the ability to communicate/explain work
  • Experience using Microsoft Excel and Access
  • Understanding of programming languages preferred
  • Availability for a 12-week internship over the summer starting in May 2018
CNO Financial Group logo

About CNO Financial Group

Sourced by ZipRecruiter

CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands and supported by our associates and agents. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and more than $35 billion in total assets. Our 3,400 associates, 8,600 exclusive agents and independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. We are financially strong and well positioned for continued growth, and we are grounded in our core values of Diversity, Equity & Inclusion (DE&I); Integrity, Customer Focus, Excellence, and Teamwork. We have offices in more than 260 communities in the U.S., including our headquarters in Carmel, Indiana, and corporate offices in Birmingham, Chicago, Philadelphia, Orlando and Milwaukee. At CNO Financial Group, we're always looking forward-to the security and stability we help create for our insurance brands' customers, and the growth we create within our own company. We're looking for ambitious people who want to do more. We'll provide you with opportunities to grow your skills through challenging professional experiences. If you're looking for a culture that encourages development, helps you reach your potential, and rewards you for your contribution, then CNO Financial Group is right for you. For more information, visit CNOinc.com.

Industry

Insurance services

Company size

5,001 - 10,000 Employees

Headquarters location

Carmel, IN, US

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Pay

Hours and flexibility

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