Actuarial Intern (Summer 2027)

Kentucky Farm Bureau Mutual Ins Co • Louisville, KY

18h • Onsite

About The Position

This internship provides support to the Actuarial Services Manager to complete assigned tasks, focusing on ratemaking, reserving, and data analytics. The intern will gain significant exposure to various areas of the insurance company through trainings, strategic meetings, and collaboration. The role requires a trustworthy, responsible individual with a strong work ethic and predictable attendance, as physical presence in the office is necessary.

Requirements

• High school diploma.
• Actively enrolled as a college student with a minimum of two years toward a Bachelor’s degree in Mathematics, Statistics, Economics, Data Science, or similar field.
• Have completed at least one actuarial exam—preference given to completion of multiple exams.
• Ability to adhere to detailed instructions.
• Experience with at least one data-intensive coding language (SAS, R, Python, SQL, etc.).
• Proficiency with Excel spreadsheets and other Microsoft Office products.
• Ability to work well with others, both inside and outside organization.

Nice To Haves

• Preference given to completion of multiple actuarial exams.

Responsibilities

• Collaborate with individuals from other departments (sales, product management, underwriting, IT, etc.) to complete relevant insurance/actuarial projects.
• Learn and use current actuarial and other analytical techniques to analyze rate level indications for KFB lines of insurance, trend analyses for claims, policy growth/retention, quotes, and market research, rate/product changes, unpaid claim estimation, and ultimate claim payment and frequency estimation for individual events.
• Collaborate with and support other accounting and finance personnel in project and department deliverables.
• Attend trainings and outings to learn the business of insurance and to network with other interns and individuals from other departments.

What This Job Offers

• Job Type: Part-time
• Career Level: Intern
• Education Level: High school or GED