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FB
Farm Bureau Financial Services
Actuarial Intern P&C - Summer 2027
Entry-Level JobVerifiedNo experience needed
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Based on Iowa data
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$127,674 / year median in Iowa
-2% projected decline
Job Description
•There are currently two internships available•Are you looking for real-world experience right now? If so, we have an internship for you! Gain valuable experience as a P&C Actuarial Intern. In this role, you will be providing support to actuarial staff and assisting in basic actuarial functions and insurance concepts. In addition, you will also develop a working knowledge of automation in relation to validating rating factors as well as actuarial processes, reports, and exhibits. Types of projects you can expect to be involved in may include: Developing rate level and rating factor revisions for annual line of business rate changes. Developing a working knowledge of automation to validate rating factors as well as actuarial processes, reports, and exhibits. Compiling information regarding competitor rating and coverage. Working with our competitive rating tool and internal data to compile reports and maps relating to competitive prices. Utilizing SQL and Excel to profile data. Learning about database structures. As an intern, you will also participate in corporate activities designed to provide exposure to our industry, organization, and culture. Our internship program follows an 80/10/10 approach : 80% of your time will be spent performing meaningful work and project-based assignments within your department. 10% of your time will be dedicated to learning from and networking with employees in other areas of the organization. 10% of your time will be spent participating in shared internship experiences that provide insight into our culture, leadership, and business operations. What will you bring to the team? Be dependable and able to work full time (38.75 hours per week), on-site in West Des Moines during Summer of 2026. Working toward a College degree in data science or actuarial science is preferred. Completion of an actuarial exam is preferred but not required. Have substantial experience with spreadsheets and be able to utilize spreadsheets to solve to actuarial related problems. Have knowledge of programming or statistical software packages such as VBA, SQL, R, Python or SAS. Have above average mathematical and analytical ability to be able to analyze and resolve difficult problems. Strong analytical, problem-solving and organizational skills required. Have professional oral and written communication skills Have the ability to read, write and speak the English language are also required. Ability to work in person from our office in West Des Moines, Iowa. Get your career started on the right track and apply for an internship with us today!