Actuarial Intern - US Group Benefits

Pan-American Life Insurance GroupOak Brook, IL
18h$17 - $20Hybrid

About The Position

Pan-American Life Insurance Group (PALIG) is seeking an actuarial intern for our US Group Benefits team. This program offers students a unique opportunity to gain practical experience in a global business environment, enhancing both business education and professional communication skills. Who We Are: Pan-American Life Insurance Group (PALIG) serves the life, accident, and health insurance needs of individuals and businesses in 49 U.S. states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands through its U.S. based member companies - Pan-American Life Insurance Company and Pan-American Assurance Company. At Pan-American Life, our employees are our greatest asset. We are grateful for the collaborative efforts of our employees and partners, and for the confidence of the policyholders whose life and health we protect. It is through this long-standing commitment that Pan-American Life continues to succeed. Pan-American Life Insurance Group (PALIG) is a leading provider of life, accident and health insurance. For more than 110 years, we have earned the trust of millions of customers across the Americas by delivering trusted financial security and peace of mind so they can protect what matters the most – their families, their business and their futures. At Pan-American Life we are seeking qualified, dedicated, result-driven candidates whose capability and passion for work can directly contribute to our company’s success.

Requirements

  • Candidates should be current undergraduate or graduate students
  • Length of assignment and hours worked will depend on the need and the availability of the intern, but the Summer Internship Program generally lasts 10 weeks and runs from late May through August (specific start and end dates are negotiable)
  • Interns will report to the manager in the department of the assignment
  • Interns will work approximately 40 hours per week in a full-time capacity
  • Interns should expect to be onsite at minimum two - three days per week at one of two PALIG office locations - New Orleans, LA or Oak Brook, IL - hosting the Summer Internship Program (subject to manager discretion)
  • Internship pay expected to be $17/hour for Undergraduates and $20/hour for Graduates.

Responsibilities

  • Will lead a major summer project regarding a US Benefit Loss Ratio Study with a final presentation to the US Group Actuarial Team
  • Will prepare reports, pull data, and conduct analysis as needed
  • Will participate in regularly scheduled Lunch & Learn sessions covering various department functions and responsibilities, as well as other scheduled activities and events
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