Actuarial Intern (Summer)

Job Description:

Penn Mutual’s Summer Actuarial Internship offers a dynamic and immersive experience for students pursuing a career in actuarial science. This is 11 weeks, paid, and fully remote internship where interns will gain hands-on exposure to one of four core actuarial disciplines: Pricing, Valuation, Modeling, or Product Management.

While the internship is primarily remote to support flexibility and productivity, we also offer a dedicated offsite week to foster in-person collaboration, networking, and professional development.

Program Highlights

• Executive Leadership Engagement = Participate in exclusive sessions with senior leaders including the CEO, CFO, Appointed Actuary, and Chief Product Officer.
• Department Information Sessions = Learn directly from actuarial teams through structured information sessions across key business areas.
• Technical Skill Development = Receive advanced training in industry-standard platforms and tools used in actuarial analysis.
• Mentorship Program = Be paired with experienced actuarial professionals for guidance, support, and career development.
• Presentation & Communication Skills = Build confidence through opportunities to present both formally and informally to peers and professionals.

Responsibilities:

• Performs actuarial tasks, which are mathematical and/or higher-level clerical nature
• Compiles and categorizes data for experience analyses and prepared related reports
• Prepares schedules of statistics, financial statements, premiums, reserves and benefits, documenting and verifying the factors used in related computations
• Active team member accountable for working towards shared goals and objectives

Skills:

• Passing an exam is not required for program eligibility, but candidate should be working towards passing exams
• Strong communicator in both written and verbal context
• Ability to plan and prioritize work towards the achievement of personal and corporate objectives
• Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement
• Ability to work with others in a collaborative team environment

Required Experience:

• Working towards a degree with a major/concentration in Actuarial Science, Mathematics or a related discipline. Business coursework a plus.

About the program:

• Duration: 11-week summer internship
• Schedule: Full-time, 40 hours per week
• Pay rate: $25.00–$28.00 per hour, depending on the number of exams passed
• Remote environment which includes an offsite week to meet and collaborate with the Actuarial team in-person

We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work. All Penn Mutual employees exemplify our Shared Commitment:
Doing what’s right today, together, for the promise of a brighter tomorrow.
The feelings are mutual: Care. Respect. Belonging.
Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship, age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law. Leaders may, at their discretion, change the responsibilities in this position description at any time due to reasonable accommodation and/or other business reasons.
About the Penn Mutual Life Insurance Company
Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. We support our financial professionals with retirement and investment services through our wholly owned subsidiary, Hornor, Townsend & Kent, LLC, member FINRA/SIPC.
 

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visit www.pennmutual.com.

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.