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Actuarial Intern- Summer

Job in Owatonna, Steele County, Minnesota, 55060, USA
Listing for: Federated Insurance
Seasonal/Temporary, Apprenticeship/Internship position
Listed on 2026-07-01
Job specializations:
  • Finance & Banking
    Financial Analyst
Salary/Wage Range or Industry Benchmark: 27 USD Hourly USD 27.00 HOUR
Job Description & How to Apply Below
Position: Actuarial Intern- Summer 2027

About Us

At Federated Insurance, we do life‑changing work focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.

What Will You Do?

Internships are a great way to hone your skills in a professional setting. You’ll be exposed to a variety of meaningful projects that may include performing company‑level experience and rate‑level studies, collecting and organizing data to create reports, calculating the impact of assumption changes on the current book of business, and assisting with rating filings and other regulatory reporting. You’ll collaborate with team members daily, learn from their coaching and feedback, and your contributions will be valued and rewarded as you become an important member of the team.

This is a full‑time, in‑person summer internship starting on June 7, 2027 and ending on August 18, 2027.

Qualifications Needed
  • Be a junior or senior majoring in Actuarial Science, Math, or Statistics
  • Have a minimum overall GPA of 3.2
  • Have strong computer knowledge, including the ability to use Microsoft Excel or equivalent spreadsheet software
  • Maintain the confidentiality of business and personnel information

Pay for this internship is $27.00 per hour. Pay may vary depending on passed actuarial exams and previous internship experience. More information can be discussed with a member of the Recruiting team.

What We Offer

We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering competitive compensation, enticing bonus programs, cost‑effective health insurance, and robust pension and 401(k) offerings.

To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching.

Employment Practices

All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1‑B visa. Federated does not interview or hire students or recent graduates with J‑1 or F‑1 visas or similar temporary work authorization.

If California resident, please review Federated's enhanced Privacy Policy.

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