Actuarial Internship

The Standard • Portland, OR

3d • $25 - $27 • Remote

About The Position

The Standard’s summer internship program gives future actuaries exposure to the actuarial profession, the company’s culture, insurance products, and actuarial functions. Interns work with actuaries across the organization and learn about actuarial practices, while also gaining insight into operational areas such as IT, Underwriting, HR, Claims, and Marketing through leader lunches and speaker series.

Interns are assigned to an actuarial team, which may include Employee Benefits, Retirement Plans, Individual Disability Insurance, Individual Annuities, Actuarial Transformation, or Corporate Actuarial and Risk Management. Project work may cover product development, pricing, valuation, experience studies, financial and production reporting, systems testing, process automation, or modeling. Each intern presents their projects, experiences, and learnings from the summer to actuarial leaders. Interns who are expected to graduate within a year of completing the internship may be considered for placement in the actuarial student rotation program after graduation.

The internship is full-time and expected to be fully remote, with an opportunity to work in an office if circumstances allow. Interns receive equipment for working from home and attend a virtual first-day orientation. Compensation is based on the number of actuarial exams passed; the posting gives hourly pay ranges of $23.50–$26.50 and $24.50–$27.00.

Requirements

• Be enrolled as a full-time student for the duration of the internship.
• Rising sophomores, juniors, seniors, and students pursuing advanced degrees are eligible to apply.
• Strong analytical skills, demonstrated through previous work experience, course of study, and/or actuarial exams.

Nice To Haves

• A major in Actuarial Science, Mathematics, Statistics, or a related field.
• Knowledge of MS Excel, MS Access, and/or general programming languages such as SQL and Python.

Responsibilities

• Work on an assigned actuarial team in areas such as Employee Benefits, Retirement Plans, Individual Disability Insurance, Individual Annuities, Actuarial Transformation, or Corporate Actuarial and Risk Management.
• Contribute to projects involving product development, pricing, valuation, experience studies, monthly and quarterly financial reporting, production reporting, systems testing, process automation, or modeling.
• Work with actuaries across the organization and learn about actuarial practices and insurance products.
• Participate in leader lunches and speaker series to gain insight into operational areas including IT, Underwriting, HR, Claims, and Marketing.
• Present projects, experiences, and learnings from the summer to a group of actuarial leaders.

Benefits

• Up to three days of paid time off.
• Paid holidays and paid company holidays during the internship.
• Networking and relationship-building opportunities with actuaries, interns, leaders, and team members across the company.
• Scheduled programming such as Coffee with the CEO and a careers workshop.
• Equipment needed for remote work, such as a laptop, monitor, and headset.
• Virtual first-day orientation.

What This Job Offers

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