Actuarial Intern

Posted 4 Days Ago
Be an Early Applicant
Lake Forest, IL, USA
In-Office
19-28 Hourly
Internship
Insurance
The Role
10-week hybrid actuarial internship supporting Small Business and Voluntary Benefits. Tasks include preparing actuarial reports, data summarization in Excel, pricing, experience analysis, forecasting, reviewing statements, and participating in team projects under actuary supervision.
Summary Generated by Built In

The Actuarial Interns will work under various associates in the Actuarial departments within Small Business Benefits and Voluntary Benefits. The program is 10 weeks long from June 7 - August 13, 2027. The position is hybrid, working three days in the office (typically Tuesday, Wednesday, and Thursday), and two days remote. Housing will be provided for interns who live outside a 30-mile radius of our Lake Forest office.

Responsible for trying out the day-to-day challenges of real actuarial work and contributes to the financial success of our operating divisions by assisting with pricing decisions, experience analyses, and reporting of financial results.

Key Accountabilities:

  • Preparing actuarial reports under the direction of an actuary.
  • Running programs to collect and summarize data in Excel to assist actuary in various studies.
  • Assisting actuary in the analysis of products for which he/she is responsible.
  • Participating as a team member in both group and individual projects.
  • Assisting in the review and examination of quarterly and annual statements.
  • Helping with pricing, experience analysis and forecasting.
  • Other job-related duties as assigned.

Minimum Requirements:

  • Successful completion of at least one Society of Actuaries exam.
  • GPA of at least 3.0.
  • Must be receiving a Bachelor’s or Master’s degree in winter or spring/summer following the program dates to be considered for the program.
  • Experience in MS Office.
  • Excellent mathematical aptitude/skills.
  • Capable of working quickly and accurately and to recognize and solve problems.
  • Enjoys working individually and as part of a team.
  • Ability to develop insights into how the projects worked on furthering the goals of the department/divisions, and the significance of each task that is performed.
  • Strong initiative.
  • Detail-oriented.
  • Excellent oral/written communication skills.

Preferred:

  • Prior experience in MS Office, specifically Excel
  • Prior work experience.
  • Strong organizational and project management skills.
  • Some programming.
  • Excellent interpersonal and communication skills
  • Effective problem-solving skills and analytical aptitude.
  • Demonstrated leadership ability.
  • Interest in the insurance Industry.

The compensation range for this role is the following based on the location of Lake Forest, Illinois:

$19.36 - $27.97 per hour

The final offer will be determined based on factors such as location, qualifications, experience, skill set, and other relevant factors. We understand that compensation is an important factor when considering a new opportunity, and we strive to provide a competitive salary within the market.

Brand: Trustmark

Our internship will not only utilize your current skills, but will enhance them as well. Trustmark benefits include an on-site fitness center, subsidized cafeteria, casual/jeans attire, 4½-day work week and many fun educational and social activities!

Trustmark is committed to leveraging the talent of a diverse workforce to create great opportunities for our people and our business.  We are an equal opportunity employer, including disability and protected veteran status.

Skills Required

  • Successful completion of at least one Society of Actuaries exam
  • GPA of at least 3.0
  • Must be receiving a Bachelor's or Master's degree in winter or spring/summer following the program dates
  • Experience in MS Office
  • Excellent mathematical aptitude/skills
  • Capable of working quickly and accurately and to recognize and solve problems
  • Enjoys working individually and as part of a team
  • Ability to develop insights into how projects further departmental/division goals
  • Strong initiative
  • Detail-oriented
  • Excellent oral/written communication skills
  • Prior experience in MS Office, specifically Excel
  • Prior work experience
  • Strong organizational and project management skills
  • Some programming
  • Excellent interpersonal and communication skills
  • Effective problem-solving skills and analytical aptitude
  • Demonstrated leadership ability
  • Interest in the insurance industry
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The Company
HQ: Lake Forest, IL
1,457 Employees

What We Do

Trustmark is a national employee benefits company offering specialized expertise in voluntary benefits, self-funded health benefit plan design and administration, and employee health and fitness programs that drive results through human and virtual connection. Trustmark offers employers access to benefit options usually reserved for large companies, combined with the personal service you’d expect from a small company. Trustmark’s commitment to building long-term, trusted relationships helps people and businesses thrive. • Trustmark Voluntary Benefits provides valuable life, hospital, accident, disability and critical illness insurance designed to fit changing needs based on life stage or financial priorities. Trustmark helps educate employees and provides resources to help communicate the value of benefits and other important company initiatives. To learn more, visit TrustmarkVB.com. • Trustmark Health Benefits is a total benefits solution for mid-sized and large self-funded employers. As one of the nation’s largest independent benefits administrators, we help our clients manage costs without compromising care by offering innovative solutions, flexibility, and complete data transparency for our clients. To learn more, visit TrustmarkHB.com. • Trustmark Small Business Benefits® level-funded solutions allow small to mid-size employers to provide affordable health benefits to employees. Available to groups with five or more employees along with simplified underwriting for 51 or more enrolled employees, our comprehensive self-funded plan designs and services help empower clients to be smarter healthcare consumers. To learn more, visit TrustmarkSB.com. • HealthFitness is a comprehensive wellbeing provider that delivers wellness, fitness and injury prevention programs. To learn more, visit Healthfitness.com.

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