As an Actuarial Intern, you'll gain hands-on experience in the day-to-day operations of a financial services company. You'll collaborate with professionals in areas like Enterprise Risk Management, Product Management, or Corporate Actuarial Financial Reporting, contributing to real projects that impact the business.
Your Key Responsibilities:
- Data Analysis: Conduct data manipulation, organization, and analysis to support critical decision-making.
- Modeling: Run actuarial models, analyze outputs for accuracy, and ensure consistency.
- Documentation: Verify factors used in computations, document processes, and help automate reports and spreadsheets.
- Tool Development: Create and refine calculation tools to support pricing and valuation efforts.
- Specialized Tasks: Depending on your area, you may develop rate filings, in-force files, and experience study results or assist in determining premiums, benefits, and pricing levels.
- Skill Development: Build your analytical, technical, leadership, and communication skills while gaining business and industry knowledge.
Why Choose Us?
- Engaging Summer Programming: Connect with other actuarial interns and learn about the business environment and actuarial work through scheduled events.
- Mentorship: Receive guidance and support from experienced mentors throughout your internship.
- Impactful Projects: Work on projects designed to make meaningful contributions to the team from day one.
What You Need to Succeed:
Required:
- Academic Background: Pursuing a major in actuarial science or a related financial/mathematical field.
- SOA Exam: Completed at least one SOA exam.
- Technical Skills: Proficient in Microsoft Excel, Access, and Word.
- Proactive and Independent: Ability to take initiative, work independently, meet deadlines, and interact professionally with colleagues.
Preferred:
- Programming Skills: Experience with programming languages like VBA, Python, or R.
- Relevant Experience: Prior work experience, including internships or co-ops, is a plus.
Internship Details:
- Duration: A twelve-week program starting in May 2027
- Compensation: Pay rate starts at $22 per hour
- Schedule: Full-time (Monday -- Friday, 8:15 a.m. -- 5:00 p.m.)
Work Environment:
- Flexible Options: Open to remote, onsite, or hybrid work arrangements.
- Team Placement: Work closely with an actuarial team, supported by analysts and a dedicated mentor.
- Supportive Environment: Enjoy management support and engage in meaningful project work and ad-hoc requests throughout the summer.
Skills Required
- Pursuing a major in actuarial science or a related financial or mathematical field
- Completed at least one Society of Actuaries exam
- Proficiency in Microsoft Excel, Microsoft Access, and Microsoft Word
- Ability to take initiative, work independently, meet deadlines, and interact professionally with colleagues
- Experience with VBA, Python, or R
- Prior work experience, including internships or co-ops
What We Do
Constellation® is a growing portfolio of medical professional liability insurance and partner companies including MMIC, UMIA, Arkansas Mutual and MMIC RRG. We were formed in response to the ever-changing realities of health care and dedicated to reducing risk and supporting physicians and care teams, thereby improving business results. We help medical professionals attain their dream to help, heal, and serve. Our strategy is based on the fundamental belief that together we are stronger, that by sharing resources and expertise, we can help physicians, health care teams and health care institutions reduce risk, improve care and increase profitability. The best part is, what we do is good for everybody. This is how we arrived at our brand strategy, ”Together for the common good.” By working together, we all become part of something bigger than ourselves." Our insurance protects something we can all get behind: Your commitment to provide the very best in care For decades we have been backing the great work of physicians, clinics, hospitals, health systems and senior living communities throughout the country. And, we're mutual—our policyholders are owners, and their influence and expertise help guide the decisions that have made us financially strong for more than three decades. And, our policies come with brainpower—our responsive team is here to answer your questions, help you manage unanticipated situations, and keep you current in the ever-changing health care industry. We offer webinars, assessments and events, plus data analytics and action plans—all designed to help you minimize your risks and improve patient safety practices, using data-informed, customized action plans.
