Actuarial Internship

The Standard Summer Internship Program for Future Actuaries

The next part of your journey is right around the corner — with The Standard. A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams, we've been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?

The Standard's summer internship program for future actuaries provides opportunities for students to:

• Gain exposure to the actuarial profession and the company's culture
• Learn about various insurance products and actuarial functions
• Work with actuaries from across the organization
• Learn about actuarial practices
• Gain insight into other operational areas including IT, Underwriting, HR, Claims, and Marketing through leader lunches and speaker series
• Work in our flexibility-first environment that combines the best parts of remote work with an intentional focus on building a diverse community and strong teams across the country.

Interns will be assigned to work in one of the actuarial teams – Employee Benefits, Retirement Plans, Individual Disability Insurance, Individual Annuities, Actuarial Transformation or Corporate Actuarial and Risk Management. Assignment may include work in:

• Product development
• Pricing
• Valuation
• Experience studies
• Monthly and quarterly financial reporting
• Production reporting
• Systems testing
• Process automation
• Modeling

Interns work full time during the internship. It is expected that the internship will be fully remote with an opportunity to be in the office if circumstances allow. At the end of the internship, each actuarial intern leads a presentation outlining their projects, experiences, and learnings from the summer to a group of actuarial leaders from across the organization. Interns set to graduate within a year of completing their internship will be considered for placement in the actuarial student rotation program upon graduation.

Qualifications:

• Applicants must be enrolled as full-time students for the duration of the internship. Rising sophomores, juniors, seniors and students pursuing advanced degrees are welcome to apply
• Sponsorship is not available for this internship opportunity
• Preferred majors in Actuarial Science, Mathematics, Statistics, or related field
• Strong analytical skills as demonstrated by previous work experience, course of study and/or actuarial exams
• Knowledge of MS Excel, MS Access, and/or other general programming languages such as SQL and Python

Benefits:

• Up to three days of paid time off, plus paid holidays
• Scheduled programming to network with actuaries and interns across the company. E.g.: Coffee with the CEO, careers workshop, etc.
• Interns are provided equipment (i.e., laptop, monitor) needed to work from home and will virtually attend the company's First Day Orientation to gain a deeper understanding of the company

Compensation:

• Individual pay rates will be determined based upon number of actuarial exams passed (Hourly Pay Range is between $23.50/hr and $26.50/hr)

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability or veteran status or any other condition protected by federal, state or local law. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. The Standard offers a drug- and alcohol-free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on The Standard's property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation and employment, education and licensing verification as a condition of employment. After any conditional offer of employment is made, the background check will include an individualized assessment based on the applicant's specific record and the duties and requirements of the specific job. Applicants will be provided an opportunity to explain and correct background information. All employees of The Standard must be bondable.