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Internship Actuarial Development Program Jobs in Andover, MN

Using actuarial and predictive modeling techniques, construct policyholder profitability models for ... Strong learning culture with ongoing development opportunities * Opportunities for growth and ...

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Internship Actuarial Development Program information

See Andover, MN salary details

$13

$25

$67

How much do internship actuarial development program jobs pay per hour?

As of Aug 10, 2026, the average hourly pay for internship actuarial development program in Andover, MN is $25.07, according to ZipRecruiter salary data. Most workers in this role earn between $18.12 and $26.30 per hour, depending on experience, location, and employer.

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?

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 cities near Andover, MN are hiring for Internship Actuarial Development Program jobs? Cities near Andover, MN with the most Internship Actuarial Development Program job openings:

Engineering - Leadership Development Program

Pentair

Golden Valley, MN • On-site

$133K/yr

Full-time

Retirement, PTO

Re-posted 22 days ago


Pentair rating

7.2

Company rating: 7.2 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

351st of 538 rated manufacturers


Job description

Job Description:

Pentair’s Engineering Leadership Development Program (ELDP) is an accelerated program for recent college graduates with proven ability to excel in today’s fast-paced world. The program is designed to develop high caliber individuals into future leaders in Engineering. The program gives participants the opportunity to gain high-level visibility to leadership and create significant impact within a global manufacturing organization.

About Pentair:

At Pentair, we believe the health of our world depends on reliable access to clean water. We design, manufacture, and deliver a comprehensive range of smart, sustainable water solutions to homes, business, and industries around the world. Whether it is improving, moving, or enjoying water, we help manage the world’s most precious resource.

You will work alongside passionate problem-solvers who are committed to the future of our planet. We put our purpose into practice, inspiring people to move, improve and enjoy life’s essential resources for happier, healthier lives. From our residential and business water solutions to our sustainable innovations and applications, our 11,250 global employees serve customers in more than 150 countries, working to help improve lives and the environment around the world.

As a Pentair employee, you would enjoy a wide array of benefit options to help keep you and your family healthy and protected, a generous 401(k) and ESPP to help you save for retirement, plus paid time off and wellness programs to encourage a healthy work/life balance. The anticipated annualized base pay range for this full-time position working at this location will be from ($61,200 to $113,600). At Pentair, it is not typical for an individual to be hired near the bottom or top of the pay range. Pentair considers various factors in determining actual compensation for this position at the expected location. Actual compensation will be determined by considering demonstrable level of experience, skills, knowledge, performance and training, pertinent education including licensure and certifications, and other relevant business or organizational needs. Actual compensation may also be adjusted if the position is filled outside of the intended geographic location.

Our Leadership Development Program:

The Engineering Leadership Development Program is a three-year program consisting of three, 12-month rotations within two or more locations. The program will begin in June 2026 and give participants exposure to different facets of engineering through assigned rotations based on business needs and individual career aspirations. Rotation areas may include AI/Machine Learning, Product Engineering, Project Engineering, Quality Engineering, Value Engineering and Manufacturing Engineering. This track is designed to help participants explore how emerging technologies like artificial intelligence and machine learning are transforming business operations and driving innovation across Pentair.

We look forward to seeing your application come through! Please note we will be reviewing resumes on an ongoing basis throughout September – December 2025.

Pentair Will:

  • Create career growth and rotational opportunities

  • Provide on the job training and mentoring in Pentair’s proven best practices

  • Guide development by providing individual leadership development plans each year

  • Provide cohort events & networking opportunities

  • Offer a competitive salary, benefits package & relocation assistance

Minimum Qualifications:

  • Be pursuing a Bachelor’s Degree in Chemical Engineering, Electrical Engineering, or Mechanical Engineering from an accredited university (preferred graduation date: Spring 2026).

  • Have a strong interest in pursuing the Engineering Leadership Development Program which requires annual relocation/working in locations throughout the United States upon graduation.

  • Have previous engineering internship or co-op experience; experience in a manufacturing environment preferred.

  • Be proficient in Microsoft Word, Excel, and PowerPoint.

  • Must be legally authorized to work in the United States without sponsorship now or in the future.

Posting End Date: March 1st, 2026

Pentair is an Equal Opportunity Employer

Equal Opportunity Employer

Pentair is an Equal Opportunity Employer. With our expanding global presence, cross-cultural insight and competence are essential for our ongoing success. We believe that a diverse workforce contributes different perspectives and creative ideas that enable us to continue to improve every day.


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About Pentair

Sourced by ZipRecruiter

At Pentair, we believe the health of our world depends on reliable access to clean water. We design, manufacture, and deliver a comprehensive range of smart, sustainable water solutions to homes, business, and industries around the world. Whether it is improving, moving, or enjoying water, we help manage the world's most precious resource.

Industry

Water, sewage, waste, steam, air heating and cooling systems

Company size

10,000+ Employees

Headquarters location

Golden Valley, MN, US