Actuarial Intern- Summer 2027

Federated Mutual Insurance Company • Owatonna, MN

1d • $27 • Onsite

About The Position

Who is Federated Insurance? At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own. Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect. We strive to create a work environment that embodies our core principles and values. We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities. Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values. What Will You Do? Internships are a great way to hone your skills in a professional setting. You’ll be exposed to a variety of meaningful projects that may include performing company level experience and rate level studies, collecting and organizing data to create reports, calculating impact of assumption changes on current book of business, and assisting with rating filings and other regulatory reporting. You’ll collaborate with team members daily. Your colleagues want you to learn and succeed, and you’ll benefit from their coaching and feedback. Even better, your contributions will be valued and rewarded – as you will be an important member of our team. This is a full-time, in-person summer internship starting on June 7, 2027 and ending on August 18, 2027.

Requirements

• Be a junior or senior majoring in Actuarial Science, Math, or Statistics
• Have a minimum overall GPA of 3.2
• Have strong computer knowledge including the ability to use Microsoft Excel or equivalent spreadsheet software
• Maintain the confidentiality of business and personnel information
• All candidates must be legally authorized to work in the United States for any employer.
• Federated will not sponsor candidates for employment visa status, such as an H1-B visa.
• Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

Responsibilities

• performing company level experience and rate level studies
• collecting and organizing data to create reports
• calculating impact of assumption changes on current book of business
• assisting with rating filings and other regulatory reporting
• collaborate with team members daily

Benefits

• We offer a wide variety of ways to support you as a whole, both professionally and personally.
• Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives.
• Additionally, we offer exceptional benefits to nurture your personal life.
• We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings.
• To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching.
• Discover more about Federated and our comprehensive benefits package: Federated Benefits You .

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: No Education Listed