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2025 Summer Actuarial Internship
2 months ago
Overview:
Advance Your Career:
Become a Part of Our Dedicated Team for a Fulfilling Internship
As an intern at State Farm, you will have the opportunity to collaborate with seasoned professionals, engage in significant projects, and create a tangible impact.
Our internship initiative is crafted to offer you a comprehensive experience, enabling you to grow both personally and professionally.
You will benefit from mentorship and support, along with various training and development prospects.At State Farm, we recognize that our interns represent the future of our organization, and we are devoted to facilitating your success.
Join us for an internship that provides clarity, growth, and the opportunity to be part of a diverse and inclusive team.
As a Fortune 50 enterprise, we recruit top talent to serve our clients, establishing us as a leader in the insurance and financial services sector.
State Farm champions diversity and inclusion to cultivate a workforce that is engaged, leverages the strengths and talents of all associates, and fosters a Good Neighbor culture.
Responsibilities:
A Day In The Life Of An Intern – P&C Actuarial
State Farm's P&C Actuarial Division is a setting where interns undertake innovative and impactful project work in a collaborative atmosphere aimed at developing technical and business acumen - an ideal complement to academic learning.
Interns contribute analysis and solutions through:
Evaluation of risk and financial requirements for insurance offerings
Creation of inventive methods and applications to improve insurance product pricing
Data analysis and predictive modeling including regression, forecasting, and machine learning
Investigation of emerging industry trends and pertinent topics
Development through extensive training programs, mentoring initiatives, and leadership opportunities, along with competitive compensation/benefits such as actuarial exam incentives
Qualifications:
We Are Seeking College Students With:
Majors in Actuarial Science, Mathematics, Statistics, Data Science, Computer Science, Information Management, or other analytical disciplines
A minimum GPA of 3.25, although a GPA above 3.5 is preferred
Experience with data and statistical analysis in Excel, SQL, R, and/or Python
Aiming to earn the ACAS/FCAS designation
Strong communication, interpersonal, organizational, leadership, and critical thinking abilities
Rising Seniors must have:
Successful completion of at least one Society of Actuaries or Casualty Actuarial Society actuarial exam, though completion of two or more exams is preferred
What You Can Anticipate:
Hours:
Monday-Friday, 38.75 hours per week. Due to the brief duration of the summer program, it is expected that hired interns will be available for the entire summer internship with minimal disruption in work schedule.
Compensation:
$30/hour (+ an additional dollar per hour for each Actuarial exam passed). Additionally, interns selected for our summer internship program will be eligible for a stipend.
Work Arrangement:
Hybrid - In this role, you should plan to work in the office a minimum of 2 days per week.
Associates are expected to be able to travel to and from your assigned office location as part of a hybrid work arrangement. Work arrangements may evolve over time based on business needs. Selected interns must reside within the continental U.S. for the duration of the summer internship.
Internship Program Eligibility:
To qualify for the summer internship program, you must be a full-time student currently enrolled in an undergraduate or post-graduate program throughout the internship duration.
Next StepsThe following must be attached to candidate's application at the time of submission (please attach both of the following as one combined single document and upload during the application process):ResumeTranscripts (unofficial copy accepted)
Competitive candidates may be invited to participate in the interview process. This is where the excitement begins
What's In It For You:
Competitive pay and a relaxed dress code
Direct experience you can leverage for your future career
An opportunity to learn and network with industry-leading influencers
A Learning Environment:
Mentoring and Development to help you succeed
We love to give back Being involved in volunteer opportunities to give back to the community.
We embrace Diversity and Inclusion:
We are one team and it is simply the right thing to do
Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization for this opportunity.
