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.
At TruStage, we're on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what's possible. We need you to help us shape what's next. You'll be encouraged to share your experiences, ideas and skills to help others take control of their financial future. Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition
Actuarial Internship Time Frame:
May 31, 2027, to August 6, 2027
Work Location:
In-Person (Madison, WI)
Pay Range:
$24.00-$32.00/hour, depending on the number of actuarial exams/modules passed and prior internship experience
Financial Aid:
Potential eligibility for housing support, transportation accommodation, and relocation reimbursement
Positions:
4-6 interns
Eligibility :
Students pursuing undergraduate or graduate degrees with an expected graduation date of December 2027 or later are encouraged to apply. We welcome applications from candidates who now or in the future may require company sponsorship for an immigration-related employment benefit. Why intern at TruStage? Click Here.
Company Description:
Join TruStage at our corporate headquarters in Madison, WI as an Actuarial Intern ! TruStage has product lines in the property and casualty, life and annuities, and retirement and pension areas. It is the perfect place for an actuary who is early in their career and unsure about whether to pursue a designation with the Society of Actuaries or the Casualty Actuarial Society. Our internship will help you build relationships within our walls and out in the community. You will help us create a more innovative and equitable financial system—ensuring a brighter financial future is accessible to everyone.
Job Purpose:
We are looking for an analytical individual with a demonstrated understanding of actuarial and statistical concepts. The Actuarial Intern will be an active member of a team and do meaningful work to help the company further its mission of creating a brighter financial future for everyone. Work may be part of a larger project with multiple contributors or individually driven. In this internship, you will gain exposure to a corporate environment and have access to senior leadership. Attention to detail, willingness to learn from mistakes, independence, and clear communication are necessary to succeed in this internship.
Job Responsibilities:
Supporting property & casualty, life, annuity, retirement, or health practice areas Creating and running actuarial programs on PolySystems, GGY Axis, ResQ, Python, SQL, or R Maintaining and enhancing spreadsheets Visualizing data in Power BI or Excel Performing experience studies to set reasonable actuarial assumptions Calculating interest rates and dividends Pricing, reserving, or modeling Making recommendations Presenting and explaining your work to others The above statement of duties is not intended to be all-inclusive, and other duties will be assigned from time to time.
Job Requirements:
Working towards a relevant degree or equivalent work experience Strong analytical, critical thinking, problem-solving, and decision-making skills Demonstrated interpersonal and customer service skills Excellent communication skills Intellectual curiosity and the desire to learn
Preferred Experience:
Pursuit of a bachelor's degree or higher in Actuarial Science, Risk Management & Insurance, Mathematics, Statistics, Economics, Finance, or related field Working knowledge of Microsoft Excel, including formulas, PivotTables, lookup functions, and data validation techniques used to support actuarial analysis, spreadsheet maintenance, and reporting. Passed 1 or more SOA or CAS actuarial exams (but not required) Prior internship experience (but not required) If you're ready to help make a difference, apply today. A resume is required to apply. TruStage may process applicant information using an Artificial Intelligence (AI) tool. This tool automatically generates a screening score based on how well applicant information matches the requirements and qualifications for the position. TruStage recruiters use the screening score as a guide to further evaluate candidates; the score is one component of an application review and does not automatically determine whether a candidate moves forward. Candidates may choose to opt out of this process. Compensation may vary based on level of relevant experience, year in school and number of previous internships.
Base Salary Range:
$24.00 - $32.00 At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. E ligible employees may also enroll in medical coverage, employee assistance program, and the 401k plan. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees. We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when "life happens," you can focus on what's most important. Accommodation request TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department.
