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Internship Actuarial Development Program Jobs in Minnesota

Elevance Health

Actuarial Analyst III

Mendota Heights, MN · On-site

$104K - $170K/yr

Strategic Product Development: Provide actuarial expertise to product development teams by ... programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility ...

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Internship Actuarial Development Program information

What types of projects or tasks can interns expect to work on during the Actuarial Development Program?

Interns in the Actuarial Development Program typically support experienced actuaries by assisting with data analysis, building and updating actuarial models, and preparing reports for risk assessment and pricing. They may also participate in projects related to insurance product development, financial forecasting, or regulatory compliance. Collaboration with cross-functional teams such as underwriting, finance, and IT is common, offering exposure to different aspects of the business and valuable networking opportunities. These experiences help interns develop both technical and professional skills relevant to a future actuarial career.

What are the key skills and qualifications needed to thrive as an Internship Actuarial Development Program participant, and why are they important?

To excel in an Internship Actuarial Development Program, strong analytical abilities, proficiency in mathematics and statistics, and progress toward actuarial exams (such as SOA or CAS) are generally required. Familiarity with actuarial software (like Excel, VBA, SAS, or R) and statistical modeling tools is highly valued. Standout candidates demonstrate problem-solving skills, attention to detail, and effective communication for translating complex data to non-technical stakeholders. These competencies enable interns to contribute meaningful analysis, adapt to challenging tasks, and build a solid foundation for a future actuarial career.

What is an Internship Actuarial Development Program?

An Internship Actuarial Development Program is a structured internship designed to give students hands-on experience in the actuarial field, often within insurance or financial services companies. Interns work on real-world projects, such as analyzing data and assessing risk, while learning from experienced actuaries. These programs help participants develop technical and professional skills, and often serve as a pipeline for full-time actuarial positions after graduation. Participants may also receive support in preparing for actuarial exams during the internship.
What are the most commonly searched types of Actuarial Development Program jobs in Minnesota? The most popular types of Actuarial Development Program jobs in Minnesota are:
What cities in Minnesota are hiring for Internship Actuarial Development Program jobs? Cities in Minnesota with the most Internship Actuarial Development Program job openings:
Internship Actuarial Development Program jobs near you
Actuarial Analyst - Profitability Management | Hybrid

Actuarial Analyst - Profitability Management | Hybrid

Allianz

Minneapolis, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago

Allianz rating

9.3

Company rating: 9.3 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

14th of 261 rated insurance

Job description

At Allianz Life, we are driven by our mission - we secure your future - and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting equality in our communities.
You will be an entry level member of the actuarial team, providing support of a mathematical / technical nature which is used in developing multiple insurance products, producing experience and valuation reports, and preparing financial statements. You will report into a credentialed Actuary or other senior leader.
What you do:
  • Support completion of projects for actuarial functions including:
    • Product development and pricing analyses
    • Product management tools and studies
    • Business and related forecasts
    • Valuation, financial reporting and analyses
  • Prepare 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
  • Communicate actuarial results to cross-functional areas including:
    • Business unit and other Support unit personnel
    • Other actuaries
    • Documentation of the actuarial analysis performed
  • Utilize artificial intelligence tools and resources (e.g. generative AI).

What you bring:
  • 0-1 years experience required; prior internship(s)
  • Four-year degree required in Actuarial science, math, physics, economics, engineering, or related field
  • Passed 1-2 SOA Exams required
  • 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: $48,000 - $96,000
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 regardingWhat 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

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