Capital Management Intern – Summer 2027

National Life Group - Interns•Montpelier, VT

7d•$19 - $28•Onsite

About The Position

The Capital Management internship will provide exposure to how a leading U.S. life and annuity insurer evaluates current and projected capital needs, understanding the drivers of changes in capital and risk-based capital ratios, and provide insight into potential capital impacts from business activities, investment decisions, reinsurance deals, and regulatory developments. The intern will collaborate cross-functionally across Finance, Accounting, Actuarial, Risk Management, Investments, and other corporate teams. The Capital Management Intern will support the company’s efforts to monitor, analyze, forecast, and manage its financial strength, capital position, and risks by assisting with updating and validating capital models, analyzing and forecasting changes in regulatory and rating-agency capital, and understanding and communicating capital implications for the company, in addition to activities such as process improvements and documentation activities. This position currently offers an onsite work schedule, with the expectation that you will be in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.

Requirements

Pursuing degree in Finance, Actuarial Studies, Math, or a similar quantitative field
Experience with gathering, organizing, cleaning, and interpreting information (e.g. data sets)
Working exposure with relational databases (e.g. Microsoft SQL, Access) and writing queries
Working exposure using Analytical and Visualization tools, specifically Tableau & Alteryx
Ability to translate business needs into effective analytical solutions and models
Understanding of foundational financial principles, e.g. interest rates, investments, and financial statements (e.g. balance sheet)
Strong analytical skills with the ability to work in a fast-paced finance environment
Ability to meet deadlines for recurring reporting and analysis
Ability to quickly develop professional relationships with others and effectively communicate using various platforms or methods
Proficiency in Microsoft Office, e.g. Excel
Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
Stay curious and open to new AI-enabled ways of working.
Exercise sound judgment by reviewing and validating AI-generated content.
Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life's AI guiding principles.
Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention, and intellectual property.
Service Focus - Demonstrates a client centric focus for satisfying one’s external and/or internal customers; establishes and maintains effective relationships with customers and gains their trust and respect.
Decision Making - Makes sense of complex information, critically evaluates, and creates solutions.
Results Oriented - Sets performance and personal goals; Driven to meet or exceed goals and objectives.
Plans and Aligns - Plans and prioritizes work to meet commitments aligned with organizational goals; Aligns people and skills to tasks and assignments; Evaluates results of work.
Demonstrates Learning Agility - Enhances skills and knowledge through continuous learning; Focuses on personal results by establishing stretch goals; Seeks feedback and changes accordingly.
Establishes Relationships - Builds partnerships with others to instill trust, collaborate, and meet shared objectives.
Communicates Effectively - Actively listens, conveys messages to meet different audience needs, and remains open to new ideas and opinions.
Fosters Diversity - Values diversity and difference in thought, experience, and perspective; Promotes an environment that embraces diversity, equity, and inclusion; Supports equal and fair treatment for all.
Highly reliable, engaged and possess a customer service attitude
Demonstrate effective communication to various areas of the organization (technical and non-technical)
Bring creativity, thought leadership, and curiosity to the table; actively participate in forums to contribute and learn
Strong analytical and critical thinking skills, i.e. a problem solver’s mindset
Eager to learn, ask relevant questions, seek new knowledge, and make connections
Enjoy taking on challenges and working towards solutions both collaboratively and independently

Responsibilities

Update capital analysis on a quarterly and as-needed basis, including data population, error resolution, interpreting results, and preparing presentation materials
Assist in the preparation of quarterly Risk-Based Capital (“RBC”) calculation and attribution analysis, including validating and summarizing results
Perform impact analysis of proposed regulatory capital changes for RBC and S&P model
Collaborate with internal partners to perform assigned duties
Improve efficiency of working files and processes
Document capital management processes and procedures
Perform ad hoc analysis and provide support for capital management activities, responsibilities and communications
All other duties as assigned