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Actuarial Internship - Summer 2023 | Onsite

Job Level:  Student

Minneapolis, MN, US, 55416-1297

Available until:  01/01/9999
Area of Expertise:  Actuarial
Unit:  Allianz US Life
Employing Entity:  Allianz Life Insurance Company
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Temporary
ID:  15165


What you do:

As an intern, you will gain real employee experiences from a top FORTUNE’S "100 Best Companies to Work For" corporation. We place a high value on our interns and involve them in real work with a real business impact, making our internships a class of their own. With exceptional opportunities and benefits such as: presentation opportunities, access to our senior and executive level leaders, financial education workshops and a professional development series. 


If you want to be an actuary, this is the place to get you started. Bring your curiosity, flexibility, creativity, self-motivation, detail orientation, and technical brilliance to work with our seasoned actuaries in using industry-leading technology on projects that add value and make a significant impact on our business. This includes analyzing annuity and life insurance products, participating in the development and pricing of new products, preparing financial statements, hedging our investments, producing analysis and reports for senior leaders, performing Excel spreadsheet automation and developing complex financial models.


Assist in preparation of financial reports, memorandums and other required actuarial supporting analyses including:

  • New product and filings and rollouts
  • Product management actions
  • Requests from external auditors, state regulators and rating agencies
  • Parent company requests and requirements
  • Experience studies and assistance in development of pricing, projection or valuation assumptions
  • Design and develop sophisticated modeling techniques in an Actuarial projection software 
  • Communicate actuarial results to cross-functional areas including:
  • Business unit and other Support unit personnel and documentation of the actuarial analysis performed


What you bring:

  • Superior communication, programming and math skills 
  • The ability to translate results into words 
  • Experience using Excel, VBA and/ or other programming languages
  • Active pursuit of a degree in Actuarial Science, Mathematics or related field 
  • Completion of 1-2 SOA exams preferred 
  • Leadership experience a plus


Preference will be given to candidates that also have the following:

  • Previous actuarial internship experience
  • Successful completion of at least one SOA exam
  • Programming or database management experience


What we offer:

At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer a choice of comprehensive medical and dental plan options, a generous time off plan and an outstanding 401(k) company match. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer.


Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.


Join us. Let's care for tomorrow.