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Internship Actuarial Development Program Jobs in Minnesota

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Internship Actuarial Development Program information

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 key skills and qualifications needed to thrive as an internship actuarial development program participant?

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 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 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:

Government Health Consulting Actuarial Summer Intern - College Program 2027

Minneapolis, MN โ€ข On-site

Full-time

Posted 19 days ago


Job description

Company:
Mercer
Description:
We are seeking a talented individual to join our Government Human Services Consulting (GHSC) team at Marsh People and Investments. This role will be based in Phoenix, AZ, Seattle, WA, or Minneapolis, MN. This is a hybrid role that has a requirement of working at least three days a week in the office.
Medicaid is a government-sponsored health insurance program in the United States designed to provide healthcare coverage to low-income individuals and families. As a consulting firm specializing in Medicaid, Marsh People and Investments' GHSC team assists state governments in optimizing their Medicaid programs. Our team plays a vital role in managing and analyzing Medicaid claims data to enhance patient access to care, improve cost efficiency, and elevate the quality of services provided to these individuals. As an Intern, you will have the opportunity to collaborate with experienced programmers, actuaries, and clinicians, contributing to meaningful projects that aim to positively impact the lives of individuals and families in need. Join us in making a difference!
To learn more about Marsh People and Investments' GHSC practice, please visit www.mercer-government.mercer.com
We will count on you to:
Perform responsibilities comparable to full-time analysts with support from experienced colleagues
Work with actuaries to apply actuarial methods and assumptions in health care rate development
Complete comprehensive analysis of health care data using spreadsheet and database management software, with most time spent in Excel
Assist in the development of reports, spreadsheets, and presentations
Work on multifaceted projects to gain a better understanding of health care delivery systems, specifically government-sponsored health and welfare programs, such as Medicaid and Medicare
Work in fast-paced, challenging and dynamic consulting environment with colleagues across the practice at all levels
What you need to have:
Progress towards a bachelor's degree in actuarial science, mathematics, statistics, or a related field
Status as a currently enrolled student; candidates should have an expected graduation date of December 2026 or Spring 2027
Minimum preferred GPA: 3.0 / 4.0
A commitment to achieving a Society of Actuaries (SOA) designation
Legal work authorization in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future
What makes you stand out?
An enthusiastic sense of curiosity and a willingness to learn, as we value individuals who are eager to explore and innovate.
Working knowledge of Microsoft Excel, PowerPoint, and Word.
Strong analytical skills with a passion for data-driven decision-making.
Excellent communication skills and the ability to work collaboratively in a team environment.
A keen interest in healthcare, particularly in the Medicaid sector.
Why join our team:
We help you be your best through professional development opportunities, interesting work and supportive leaders.
We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
What's Next:
Application Instructions:
Application Deadline: September 28th at 11:59pm EST
Anticipated Internship Dates: June 7, 2027 - August 13, 2027
When creating your application, please use your permanent home address and use your personal email address rather than your school email address.
First Round Interviews:
Applications are reviewed on a rolling basis.
If selected, first-round interviews consist of an on-demand digital video interview.
Further timing and instructions will be provided at that time.
Marsh believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Marsh People and Investments' more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries. Marsh People and Investments is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of over $23 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Marsh People and Investments on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law.
If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
The applicable hourly rate for this role is $27/hour.
Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.