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Internship Actuarial Modeling Jobs (NOW HIRING)

Ameriprise Financial

Actuarial Associate

Minneapolis, MN · On-site

$93K - $128K/yr

In this role, you'll develop and enhance actuarial models, analyze and communicate results to ... You'll also have the opportunity to mentor junior team members and interns while continuing to grow ...

Ameriprise Financial

Actuarial Associate

Minneapolis, MN · On-site

$93K - $128K/yr

In this role, you'll develop and enhance actuarial models, analyze and communicate results to ... You'll also have the opportunity to mentor junior team members and interns while continuing to grow ...

hcmportal

We're Looking for an Actuarial Financial Analysis and Modeling Intern! About the Company: Security ... Students eligible for the internship will be current, fulltime students available to work 10 - 20 ...

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Internship Actuarial Modeling information

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$13

$24

$65

How much do internship actuarial modeling jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for internship actuarial modeling in the United States is $24.28, according to ZipRecruiter salary data. Most workers in this role earn between $17.55 and $25.48 per hour, depending on experience, location, and employer.

What is an internship in actuarial modeling?

An Internship in Actuarial Modeling is a temporary position, typically for students or recent graduates, that provides hands-on experience in applying mathematical and statistical methods to assess risk in insurance, finance, and other industries. Interns work under the supervision of experienced actuaries and may assist with building models, analyzing data, and preparing reports. This role helps interns develop key technical skills and gain practical exposure to the actuarial profession, often serving as a stepping stone to a full-time actuarial career.

What types of projects or tasks can I expect to work on during an internship in actuarial modeling?

As an intern in actuarial modeling, you will likely participate in a variety of hands-on projects, such as building and validating predictive models, analyzing large datasets, and preparing reports to support business decisions. You'll often use statistical software and Excel to assist with tasks like pricing, reserving, or risk assessment. Collaboration is key, as you'll work closely with experienced actuaries, analysts, and sometimes IT or finance teams, gaining exposure to real-world applications of actuarial science. This experience will help you develop technical and communication skills that are valuable for a future actuarial career.

What are the key skills and qualifications needed to thrive as an internship in actuarial modeling, and why are they important?

To thrive in an Internship Actuarial Modeling role, you need strong mathematical and statistical skills, proficiency in data analysis, and progress towards or completion of actuarial exams. Familiarity with actuarial software (such as SAS, R, or Excel), as well as knowledge of programming languages like Python or VBA, is often required. Analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting complex data and collaborating with teams. These skills are important for producing accurate models, supporting business decisions, and ensuring regulatory compliance in actuarial work.

What is the difference between Internship Actuarial Modeling vs Actuarial Analyst?

AspectInternship Actuarial ModelingActuarial Analyst
CredentialsTypically pursuing actuarial exams, student statusOften has completed some exams, may hold entry-level credentials
Work EnvironmentInternship setting, supervised, learning-focusedFull-time, professional environment, more independent
Employer & IndustryInsurance companies, consulting firms, during internship periodsInsurance, finance, consulting firms, permanent role

Internship Actuarial Modeling roles are temporary, focused on training and skill development, often held by students. Actuarial Analysts are full-time professionals responsible for analyzing data, building models, and supporting decision-making. The main difference lies in experience level, responsibilities, and employment status, with internships serving as a stepping stone toward a full actuarial career.

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Internship Actuarial Modeling jobs near you
Infographic showing various Internship Actuarial Modeling job openings in the United States as of August 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 85% Physical, 4% Hybrid, and 11% Remote job distribution, with an average salary of $50,506 per year, or $24.3 per hour.

Actuarial Internship (Summer 2027)

Principal Financial Group

Des Moines, IA • On-site

$24 - $29/hr

Full-time

Posted 26 days ago

Key responsibilities

  • Provide actuarial services and support to different lines of business.

  • Assist with projects such as cluster modeling, updating experience studies, and analyzing foreign exchange rates.

  • Identify model elements impacted by economic environment, design and run test scenarios, analyze results, and summarize findings.

Job description

What You'll Do
Are you looking for an opportunity to expand your technical skills, communication skills, and industry knowledge? If so, consider joining the Principal internship program and provide actuarial services and support to the many different lines of business we have here!
Projects and responsibilities vary based on business need, but here are a few examples of what previous interns have accomplished:
  • Cluster Modeling Project - efficient method of compressing a model with the goal of improving the runtime.
  • Updating experience studies - looking through our data to identify the frequency and severity of our claims across demographic groups. Findings directly affect the pricing of our products by setting assumptions based on both our internal experience and industry-wide experience.
  • SAS Asset Reporting Tool - help us understand why things are changing from projection to projection, allowing us to better analyze future performance from block to block.
  • Analysis of Foreign Exchange Rates - explore the impact of fluctuations in foreign currencies on Principal's international insurance and retirement businesses. This work helps our international business to improve its strategy around how we handle the complex risks of the global marketplace.
  • Other responsibilities could include: identifying model elements most likely to be impacted by the economic environment, designing and running test scenarios, analyzing results, and summarizing findings.
Benefits you'll receive through this internship:
  • Learn from and work with credentialed actuaries, including an assigned mentor.
  • Meaningful and challenging work at a company that values authenticity and encourages curiosity.
  • Small group meetings with Senior Actuarial Leadership.

Make sure to navigate over to our Actuarial Careers Page for videos and testimonies from our previous interns.
Who You Are
  • Current enrollment at a college/university or completed degree with focused studies in actuarial science, statistics, mathematics or related majors.
  • Ability to pass actuarial exams and a dedication to pursue an FSA with the Society of Actuaries.
  • Knowledge of actuarial mathematics, including probability, statistics, numerical analysis and compound interest.
  • Collaborative communication skills and an eagerness for continuous learning.
Skills That Will Help You Stand Out
  • At least one actuarial exam completed and passed.
  • Knowledge of Excel, database, or actuarial modeling tools.
  • Informal or formal leadership experience.

Salary Range Information
Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range
$24 - $29 / hour
Time Off Program
Paid company holidays and any time off required in your state.
Pension Eligible
No
Additional Information
Our Internship Culture
Join an established program that provides hands-on experiences for 200+ interns each year! You'll learn new skills with dedicated teams and mentors, build your professional network and collaborate across a global Fortune 500 company. We care about offering you diverse experiences and exciting challenges that push you to reach for bigger life goals, all while enjoying our flexibility and work life balance. Join us for events such as our Executive Speaker Series, gain career direction, and much more! https://www.principal.com/about-us/careers/internships
Internship Stipend
You will receive a lump sum stipend of $4,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit, but is not intended to compensate for all tax liabilities.
Work Environments & Location
This role is located at our world headquarters in Des Moines, IA. We offer the ability for in-office, and hybrid (blending at least three office days in a typical workweek) work arrangements. You'll work with your leader to figure out which option may align best based on several factors.
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our interns.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Posting Window
We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.
Date First Posted (TTF)
8/10/2026
Latest Post Date: Careers - US
8/10/2026

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