Actuarial Internship

The next part of your journey is right around the corner — with The Standard.

A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams across the nation, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?

The Standard’s summer internship program for future actuaries provides opportunities for students to:

• Gain exposure to the actuarial profession and the company’s culture
• Learn about various insurance products and actuarial functions
• Work with actuaries from across the organization
• Learn about actuarial practices
• Gain insight into other operational areas including IT, Underwriting, HR, Claims, and Marketing through leader lunches and speaker series
• Work in our flexibility-first environment that combines the best parts of remote work with an intentional focus on building a diverse community and strong teams across the country.   ​

Interns will be assigned to work in one of the actuarial teams – Employee Benefits, Retirement Plans, Individual Disability Insurance, Individual Annuities, Actuarial Transformation or Corporate Actuarial and Risk Management.  Assignment may include work in:

• Product development
• Pricing
• Valuation
• Experience studies
• Monthly and quarterly financial reporting
• Production reporting
• Systems testing
• Process automation
• Modeling

Interns work full time during the internship.  It is expected that the internship will be fully remote with an opportunity to be in the office if circumstances allow.  At the end of the internship, each actuarial intern leads a presentation outlining their projects, experiences, and learnings from the summer to a group of actuarial leaders from across the organization.  Interns set to graduate within a year of completing their internship will be considered for placement in the actuarial student rotation program upon graduation.

Qualifications:

• Preferred majors in Actuarial Science, Mathematics, Statistics, or related field
• Rising sophomores, juniors, and seniors are welcome to apply
• Strong analytical skills as demonstrated by previous work experience, course of study and/or actuarial exams
• Knowledge of MS Excel, MS Access, and/or other general programming languages such as SQL and Python

Benefits:

• Up to three days of paid time off, plus paid holidays
• Scheduled programming to network with actuaries and interns across the company.  E.g.: Coffee with the CEO, careers workshop, etc.
• Interns are provided equipment (i.e., laptop, monitor) needed to work from home and will virtually attend the company’s First Day Orientation to gain a deeper understanding of the company

Compensation:

• Individual pay rates will be determined based upon number of actuarial exams passed (Hourly Pay Range is between $23.50/hr and $26.50/hr)

#LI-Remote

Why Join The Standard?

We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:

• Real-world experiences and meaningful projects that support your career goals provided by a supportive and responsive management team eager to help with skills development

• Opportunities to build relationships and broaden industry knowledge through virtual networking with leaders and team members across the company

• Three days of paid time off and paid company holidays during your internship period

• A virtual first day orientation and the equipment necessary (e.g., laptop, monitors, headset) for a successful internship experience

Salary Range:

$23.50/hr. - $26.50/hr.

Positions will be posted for at least 5 days from original posting date.

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.