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Internship Actuarial Modeling Jobs in Michigan (NOW HIRING)

Internship Actuarial Modeling information

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.

What are the most commonly searched types of Actuarial Modeling jobs in Michigan?

The most popular types of Actuarial Modeling jobs in Michigan are:

What are popular job titles related to Internship Actuarial Modeling jobs in Michigan?

For Internship Actuarial Modeling jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Internship Actuarial Modeling jobs in Michigan look for?

The top searched job categories for Internship Actuarial Modeling jobs in Michigan are:

What cities in Michigan are hiring for Internship Actuarial Modeling jobs?

Cities in Michigan with the most Internship Actuarial Modeling job openings:

Actuarial Internship - Summer 2027

Auto-Owners Insurance

Lansing, MI • On-site

Part-time

Posted 28 days ago


Auto-Owners Insurance rating

9.2

Company rating: 9.2 out of 10

Based on 35 frontline employees who took The Breakroom Quiz

23rd of 315 rated insurance


Job description

A career at Auto-Owners is challenging and rewarding. Our group of caring associates create financial security by helping individuals and businesses make a new start when a loss occurs.
Job Description
Auto-Owners Insurance, a top-rated insurance carrier, is seeking a motivated individual to join our Actuarial Division as an actuarial (ratemaking) intern. The position, which is an in-person internship, requires the person to:
  • Become familiar with using and understanding insurance manuals and principles.
  • Evaluate frequency, severity, and premium trends for purposes of projecting future losses based on historical loss data.
  • Effectively communicate with other employees through verbal and/or written means.
  • Organize and provide management with reports to aid in decision making.
  • Participate in both formal and informal training sessions.

This summer internship is in person in Lansing, Michigan and has full-time hours (Monday - Friday for 37.5 hours/week). Schedule start times can vary, as working hours should overlap that of your mentor's as best as possible. Two of the most common shifts are 8am - 4:30pm or 7:30am - 4pm. Interns choose their start and end dates. Most join in mid-May and most stay until mid-August.
Desired Skills & Experience
  • Students must be working toward a bachelor's degree in Actuarial Science, Math, Predictive Analytics, or a related field and have completed at least two years of the curriculum.
  • High aptitude for mathematics and actuarial sciences
  • Experience with statistical modeling and related software
  • Proficient in Microsoft Excel and Access
  • Above average communication skills (written and verbal)
  • Ability to adapt to constant change and innovation

Equal Employment Opportunity
Auto-Owners Insurance is an equal opportunity employer. The Company hires, transfers, and promotes on the basis of ability, without consideration of disability, age, sex, race, color, religion, height, weight, marital status, sexual orientation, gender identity or national origin, or any factor contrary to federal, state or local law.
*Please note that the ability to work in the U.S. without current or future sponsorship is a requirement.
#LI-DNP #IN-DNI

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