Intern - Temporary

Our Life and Retirement (L&R) Actuarial team is seeking an L&R Actuarial Intern, who will gain hands-on experience in the development, modeling, and financial analysis of life insurance and retirement / annuity products tailored for educators. Under direct supervision from various senior members of the team, you will also gain exposure to assumption setting, risk assessment, and regulatory compliance within the insurance industry. It's a great opportunity to apply your quantitative skills and learn how actuarial principles are applied in real-world scenarios to build a foundation for a successful actuarial career. Actuarial internship for summer of 2027.

Responsibilities

Product Pricing & Modeling: 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; Profitability Analysis: Help prepare profit summaries, sensitivity testing, and risk analysis for senior audiences; Assumption Setting: Work with key pricing assumptions such as mortality, lapse rates, and expenses, and gain exposure to experience data; Competitive Analysis: Review competitor product pricing, design, and features to help position Horace Mann products in line with company goals; Process Optimization: Identify opportunities to improve or automate existing spreadsheets to drive higher team efficiency; Team Building: Actively participate in department and project-focused meetings, contribute ideas, and gain exposure to cross-functional collaboration

Requirements

Currently pursuing a Bachelor's degree in actuarial science, finance, economics, statistics, mathematics, business, or related field; A minimum of one (1) Actuarial exam through either the Society of Actuaries (SOA) or the Casualty Actuary Society (CAS) must be completed; Expertise in Microsoft Excel (including pivot tables and advanced functions); Exceptional analytical thinking abilities; Compelling written and verbal communication skills; Proactive team member who is eager to learn, adapt to feedback, and manage multiple project deadlines efficiently; Detail-oriented and organized to prioritize work and time effectively; Ability to travel to the Springfield, IL offices weekly, per the hybrid work schedule

Nice to have

Exposure to programming languages (SQL, Python, R, or VBA) or dedicated actuarial software