Investment Analyst Intern - Summer 2027

Federated Mutual Insurance Company•Owatonna, MN

22h•Onsite

About The Position

Federated Insurance is seeking an Investment Analyst Intern for the Summer of 2027. This role involves conducting research on existing and prospective investments, analyzing risks and opportunities, and developing investment recommendations. Interns will gain exposure to industry and asset class research, credit underwriting, relative value analysis, portfolio management, and the factors that influence real-world investment decisions. The internship will also provide foundational knowledge of fixed income markets, including instruments, bond mathematics, yield curves, risk factors, and debt capital markets. Interns will collaborate with team members, receive coaching and mentorship, and contribute to projects supporting the Investment Team. A key deliverable will be a formal investment recommendation presented to the Investment Team at the conclusion of the internship.

Requirements

Be a college junior with a strong academic record.
Demonstrated interest in investments, financial markets, and business analysis.
Possess strong analytical, quantitative, and problem-solving abilities.
Be able to organize information, think critically, and communicate conclusions clearly.
Demonstrate strong verbal and written communication skills.
Be comfortable taking initiative while also being receptive to coaching and feedback.
Have proficiency in Microsoft Excel or equivalent spreadsheet software.
Be able to maintain the confidentiality of business and personnel information.
Must be legally authorized to work in the United States for any employer.
Cannot sponsor candidates for employment visa status, such as an H1-B visa.
Will not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

Nice To Haves

Intellectual curiosity, initiative, and a desire to learn.
Self-starters who ask thoughtful questions, enjoy digging into complex topics, taking ownership of their work, and follow through with a sense of urgency.
GPA of 3.5 or higher.
Experience with investment research.
Experience with a student-managed investment fund.
Experience with case competitions.
Relevant coursework.
Progress toward the CFA Program.

Responsibilities

Conduct research on existing and prospective investments.
Analyze risks and opportunities associated with investments.
Develop investment recommendations.
Contribute directly to the investment decision-making process.
Gain exposure to industry and asset class research, credit underwriting, relative value analysis, and portfolio management.
Develop foundational knowledge of fixed income markets.
Collaborate with team members daily.
Receive coaching and mentorship from experienced professionals.
Contribute to projects that support the Investment Team.
Deliver a formal investment recommendation to the Investment Team, presenting an investment opportunity, supporting analysis, investment thesis, risk assessment, and recommendation.