Actuarial Financial Analysis and Modeling Intern

Job Description

About company

Security Benefit is a prominent leader in the U.S. retirement market, managing over $55 billion in assets. The company is committed to helping its customers “To and Through Retirement®.” It offers a dynamic environment where individuals can thrive, innovate, and contribute significantly to the future of the U.S. retirement industry. Security Benefit has received notable recognition, including being named to Ward’s 50 list of top-performing life-health insurance companies and being recognized on Ingram’s Top 100 Private Companies list in the Kansas City area in 2024.

Job description, detailed

This is an Actuarial Financial Analysis and Modeling Intern position within the Corporate Actuarial Department, specifically supporting the Assumptions team. The intern will report to an Associate Actuary.

Role Overview:
The primary purpose of this role is to provide essential analysis and technical skills to support the strategic objectives of the Assumptions team. The intern will predominantly assist with various aspects of assumption setting and data analysis work.

Key Responsibilities:

• Data Management & Analysis:
• Conduct comprehensive data manipulation, organization, and analysis.
• Collect, compile, and analyze policy-level data.
• Reporting & Documentation:
• Assist with updating and improving various reports, spreadsheets, and documentation.
• Actuarial Modeling & Assumptions:
• Contribute to attribution analysis of assumptions using Prophet Modeling software.
• Assist with the actuarial assumption setting process, ensuring strict compliance with the assumption governance framework.
• Assist with assumption documentation and maintaining the assumption inventory.
• Collaboration:
• Develop strong working relationships by collaborating effectively with other departments and business units, including Valuation, Product Development, Planning, and Finance areas.

Location and Schedule:
The position offers flexibility, with options to be based out of offices in Topeka or Overland Park, Kansas, or Des Moines, Iowa. For the right candidate, a remote arrangement is also possible. The company operates on a hybrid schedule, allowing for both remote and on-site work flexibility.

Internship Commitment:
This is a continuous internship, not limited to summer. Students must be current, full-time students available to work 10 – 20 hours a week, beginning in Fall 2025. The intern is expected to work during and between semesters, including full-time over the summer.

Required Qualifications:

• Academic Standing: Current, full-time college student at the sophomore to graduate level.
• Majors: Studying Mathematics, Actuarial Sciences, Finance, or Computer Science.
• Actuarial Pursuit: A demonstrated commitment to pursuing an actuarial credential, evidenced by preparation for Society of Actuaries-administered exams or existing exam credit, is preferred.
• Technical Skills:
• Required: Advanced Excel knowledge and skill, including proficiency with functions and macro creation, editing, and use.
• Preferred: Demonstrated ability with Visual Basic (VB) coding, SQL, and/or R.
• Soft Skills & Attributes:
• Strong analytical and problem-solving skills.
• Strong GPA in major and across all areas of study.
• Strong written and verbal communication skills.
• Proven organizational skills and the ability to consistently meet deadlines.
• High degree of accuracy and meticulous attention to detail.

Benefits of the Internship Program:
Security Benefit’s internship program is designed to provide a comprehensive growth experience, offering:

• Hands-on Experience
• Skill Development
• Networking Opportunities
• Resume Enhancement
• Exploration of Career Paths
• Personal and Professional Growth
• Industry Insights
• Holiday Pay

The company emphasizes that joining their team offers not just a paycheck but a career path with significant growth opportunities and a robust benefits package focused on well-being.