Job description

Our Actuarial Internship will give you the opportunity to perform challenging work and contribute to a Fortune 500 insurance company. Mutual of Omaha Interns work on real-world actuarial projects, such as analyzing and tracking financial statement results, researching and developing new products, and pricing insurance policies. You will be introduced to a variety of insurance products, including life, health, and annuities.

This role provides interns with a multi-year experience in the actuarial and innovation areas.

Summer after Sophomore year: Interns will spend their first summer contributing to projects involving pricing, reserving, modeling, and data analytics with insurance products. To amplify opportunities to learn about actuarial science and Mutual of Omaha, our interns rotate through two different actuarial areas during the summer.
Junior year: At the conclusion of the summer, interns will continue their second rotation in a remote, part time capacity through the school year.
Summer after Junior year: After completion of their junior year, interns will return to Mutual of Omaha for a second summer internship.
Senior year: In the fall, interns will continue their second rotation while working in a remote, part time capacity.
Upon successful program completion: Interns may have the opportunity for a full time role in the Actuarial Student Program.

WHAT WE CAN OFFER YOU:

Hourly Wage per Passed Exams. Wage increases with each passed exam:
- No passed exam: $24
- One passed exam: $25
- Two passed exams: $26
Benefits and Perks, 401(k) plan with a 2% company contribution and 6% company match.
Regular associates working 40 hours a week can earn up to 15 days of vacation each year.

WHAT YOU'LL DO:

Participate in projects as assigned. Assignments may be related to product development, morbidity and mortality tables, financial results, premium persistency, expenses, or other matters as designated by managers.
Generate and verify data related to various exhibits and reports, applying actuarial and mathematical concepts, formulae, and computer capabilities as necessary for completion of duties.
Provide senior colleagues with documentation and explanations of computation results, and may research, analyze, and summarize material required by other actuarial personnel.
Prepare schedules of statistics, premiums, reserves, and benefits assigned, documenting and verifying factors used in the related computations.
Write small computer programs as an aid in generating and testing actuarial data or provide programmers with actuarial input to assist in the development of such programs.

WHAT YOU’LL BRING:

University of Nebraska Raikes School student entering your sophomore year in the fall of 2024
You are enrolled in a degree program related to actuarial science, math, statistics, data analytics, economics or other related fields both before and after the internship.
You possess an aptitude for statistical interpretation and a working knowledge of actuarial assumptions and formulae.
You promote a culture of diversity and inclusion, value different ideas and opinions, and listen courageously, remaining curious in all that you do.
Able to work remotely with access to a high-speed internet connection and located in the United States or Puerto Rico.

We value diverse experience, skills, and passion for innovation. If your experience aligns with the listed requirements, please apply!

If you have questions about your application or the hiring process, email our Talent Acquisition area at careers@mutualofomaha.com. Please allow at least one week from time of applying if you are checking on the status.

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