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Actuarial Intern
Career Insights for Actuary
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Based on New Jersey 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.
$129,264 / year median in New Jersey
-5% projected decline
Job Description
Actuarial Intern
The Team You Will Join Join MetLife's Retirement & Income Solutions team and help shape the future of financial security for millions. As the trusted market leader in institutional retirement, you'll contribute to delivering $5.5 billion in annual benefits payments to almost one million retirees and beneficiaries. Here, you'll work with annuities, risk solutions, and stable value products that help companies reduce risk and maintain financial strength while empowering individuals to retire with confidence. Join us to help solve today's most complex retirement challenges and make a lasting impact on our customers' lives. The Opportunity The Actuarial Internship Program (AIP) provides a unique opportunity to gain exposure to the actuarial profession while exploring the diverse ways actuaries contribute to business strategy and financial decision-making. Through a structured 10-week experience, interns develop a broader understanding of key areas of actuarial practice, industry trends, and the evolving landscape of insurance and risk management. The program also highlights the impact of innovation, analytics, and emerging technologies, including artificial intelligence, on the future of actuarial work. Guided by MetLife's purpose—Always with you, building a more confident future—and our New Frontier strategy focused on growth, attractive returns, and all-weather performance, interns leave the AIP with enhanced technical skills and a stronger professional foundation to support their future actuarial career development. Application Process & Important Information
- Applications for this role will close by November 1, 2026.
- Interns will start in person on June 1, 2027, and will work approximately 40 hours per week.
- Candidates must be authorized to work in the United States and must not require MetLife sponsorship or support for a work permit or visa in any capacity now or in the future.
- MetLife does not provide housing nor a relocation stipend for this role. Key Responsibilities
- Contribute to meaningful actuarial projects in areas that may include pricing and product development, reserve calculations, actuarial modeling, financial analysis, asset liability management, or investments.
- Collaborate with experienced actuaries across different areas of actuarial practice.
- Attend learning presentations led by subject matter experts on key actuarial topics and functions.
- Prepare and present completed projects and business contributions to actuarial leaders and stakeholders.
- Participate in professional development opportunities, networking events, and social activities throughout the summer.
Required Qualifications - Currently enrolled in a bachelor's degree program at an accredited college or university pursuing a degree in actuarial science or a quantitative, technical, business, or similar field of study relevant to actuarial practice.
- Cumulative GPA of 3.0 or higher.
- Strong Excel skills with experience using pivot tables, advanced formulas, data validation, lookup functions, and data analysis techniques.
- Strong mathematical, analytical, and problem-solving skills, with the ability to analyze data and translate findings into actionable business insights.
- Leadership experience, strong written and verbal communication skills, and a record of self-motivation and initiative.
- Interest in learning and adapting programming languages, data analysis tools, and/or emerging technologies. Preferred Qualifications
- Currently enrolled in a master's degree program at an accredited college or university.
- Successful completion of one or more Society of Actuaries (SOA) exams
- Experience with Python, R, SQL, SAS, VBA or similar programming languages.
- Familiarity with AI and emerging technologies, including the ability to leverage AI tools to enhance analytical work, research, data analysis, and business decision-making.
Location Expectation:
This is a hybrid role requiring a minimum of 3 days per week in office. The expected salary range for this position is $28.00-35.00/Hour. About MetLife Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World's 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East. As part of our New Frontier strategy, MetLife is building an AI-enabled, people-centered future. We're looking for people who bring curiosity, adaptability, and a growth mindset as we use AI to enhance how we serve customers, support communities, and evolve the way work gets done. At MetLife, AI is a responsible partner that supports human judgment, creativity, and continuous improvement while helping us build trust, inclusion, and long-term value. Our purpose is simple
- to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values
- Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead
- we're inspired to transform the next century in financial services.
At MetLife, it's #AllTogetherPossible. Join us! MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics"). If you need an accommodation due to a disability, please email us at accommodationsmetlife. This information will be held in confidence and used only to determine an appropriate accommodation for the application process. MetLife maintains a drug-free workplace. This posting is for a current vacancy and is anticipated to remain open for at least 53 days from the listed posting date.
- Required Qualifications
- Currently enrolled in a bachelor's degree program at an accredited college or university pursuing a degree in actuarial science or a quantitative, technical, bus.
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Benefits
- Bonuses/Stipends
- Professional Development
- Dental Insurance