Intern - Temporary

Horace Mann • Springfield, IL

2d • Hybrid

About The Position

Horace Mann Educators Corporation is hiring a Life and Retirement (L&R) Actuarial Intern for summer 2027. The intern will gain hands-on experience in developing, modeling, and financially analyzing life insurance and retirement/annuity products tailored for educators. Under direct supervision from senior team members, the intern will also gain exposure to assumption setting, risk assessment, and regulatory compliance in the insurance industry. The role is an opportunity to apply quantitative skills and learn how actuarial principles are used in real-world scenarios.

The ideal candidate can travel weekly to the company’s Springfield, Illinois offices under the hybrid work schedule.

Requirements

• Currently pursuing a bachelor’s degree in actuarial science, finance, economics, statistics, mathematics, business, or a related field.
• Have completed at least one actuarial exam through either the Society of Actuaries (SOA) or the Casualty Actuary Society (CAS).
• Expertise in Microsoft Excel, including pivot tables and advanced functions.
• Strong analytical skills, including the ability to analyze data, interpret trends, and make sound recommendations.
• Strong written and verbal communication skills.
• Ability to collaborate, learn, adapt to feedback, and manage multiple project deadlines.
• Detail-oriented and organized, with the ability to prioritize work and time effectively.
• Ability to travel to the Springfield, Illinois offices weekly under the hybrid work schedule.

Nice To Haves

• Exposure to programming languages such as SQL, Python, R, or VBA.
• Exposure to dedicated actuarial software.

Responsibilities

• Assist in building, maintaining, and running actuarial projection models, such as MG-ALFA or Excel-based tools, to evaluate the profitability of life and annuity products.
• Help prepare profit summaries, sensitivity testing, and risk analyses for senior audiences.
• Work with pricing assumptions such as mortality, lapse rates, and expenses, and learn how experience data informs the development of assumptions.
• Review analyses of competitor product pricing, design, and features to help position Horace Mann products in line with company goals.
• Learn about Horace Mann insurance products and their specific actuarial considerations.
• Identify opportunities to improve or automate existing spreadsheets to increase team efficiency.
• Participate in department and project meetings, contribute ideas, and collaborate across functions.

What This Job Offers

• Career Level: Intern