Summer 2026 Actuarial Internship | Fully Onsite

Allianz • Minneapolis, MN

160d • $29 - $32

About The Position

As an intern, you will gain real employee experiences from a top FORTUNE'S '100 Best Companies to Work For' corporation. We place a high value on our interns and involve them in real work with a real business impact, making our internships a class of their own. With exceptional opportunities and benefits such as: presentation opportunities, access to our senior and executive level leaders, financial education workshops and a professional development series. If you want to be an actuary, this is the place to get you started. Bring your curiosity, flexibility, creativity, self-motivation, detail orientation, and technical brilliance to work with our seasoned actuaries in using industry-leading technology on projects that add value and make a significant impact on our business. This includes analyzing annuity and life insurance products, participating in the development and pricing of new products, preparing financial statements, hedging our investments, producing analysis and reports for senior leaders, performing Excel spreadsheet automation and developing complex financial models. Assist in preparation of financial reports, memorandums and other required actuarial supporting analyses including: New product and filings and rollouts Product management actions Requests from external auditors, state regulators and rating agencies Parent company requests and requirements Experience studies and assistance in development of pricing, projection or valuation assumptions Design and develop sophisticated modeling techniques in an Actuarial projection software Communicate actuarial results to cross-functional areas including: Business unit and other Support unit personnel and documentation of the actuarial analysis performed Utilize artificial intelligence tools and resources (e.g. generative AI).

Requirements

• Superior communication, programming and math skills.
• Ability to translate results into words.
• Experience using Excel, VBA and/or other programming languages.
• Active pursuit of a degree in Actuarial Science, Mathematics or related field.
• Completion of 1-2 SOA exams preferred.
• Leadership experience a plus.
• Legally authorized to work in the U.S. without requiring immigration sponsorship.

Nice To Haves

• Previous actuarial internship experience.
• Successful completion of at least one SOA exam.
• Programming or database management experience.

Responsibilities

• Analyze annuity and life insurance products.
• Participate in the development and pricing of new products.
• Prepare financial statements.
• Hedge investments.
• Produce analysis and reports for senior leaders.
• Perform Excel spreadsheet automation.
• Develop complex financial models.
• Assist in preparation of financial reports and memorandums.
• Support new product filings and rollouts.
• Manage product actions and requests from external auditors.
• Assist in development of pricing, projection or valuation assumptions.
• Design and develop sophisticated modeling techniques in actuarial projection software.
• Communicate actuarial results to cross-functional areas.

Benefits

• Comprehensive medical, dental and vision plan options.
• Flexible spending and health savings accounts.
• Tuition reimbursement.
• Student loan retirement program.
• Generous annual paid leave.
• Outstanding 401(k) company match.
• Life insurance.
• Discounted amenities including an onsite health center, child development center, fitness facility, convenience store and two cafeterias.

What This Job Offers

• Career Level: Intern
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree