Summer 2027 Intern - P&C Actuarial - Actuarial Analyst in Bloomington, Illinois at State Farm Mutual Automobile Insurance Company

As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.

10-week Internship Dates and Hours:

• Summer 2027– Wednesday, 6/2/2027 - Wednesday, 8/11/2027
• Monday – Friday: 38.75 hours per week

Pay:

• $30/hour (+ an additional dollar per hour for each Actuarial exam passed). In addition, interns selected for our summer internship program will be eligible for a $2,000 stipend!

Job Description

Rising Seniors

Office Location: Bloomington, IL

Hybrid Work Arrangement: In this position, you should plan to spend time working in the office a minimum of 3 days per week. Associates are expected to be able to travel to and from your assigned office location as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Your leadership will share additional information regarding your department’s approach and what it means for you.

*****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity*****

A Day In The Life Of An Intern – P&C Actuarial

State Farm’s P&C Actuarial Department is a place where interns complete innovative and meaningful project work in a collaborative environment, focused on developing technical and business skills - a perfect complement to the classroom. Interns provide analysis and solutions through:

• Assessment of risk and financial needs for insurance products
• Development of innovative methods and applications to enhance insurance product pricing
• Data mining and predictive modeling such as regression, forecasting, and machine learning
• Research on emerging industry trends and hot topics
• Development through extensive training and mentoring programs
• Competitive compensation

We Are Looking for College Students With:

• Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or other analytical fields
• GPA of 3.5 or higher preferred; GPA of 3.25 minimum (unofficial transcripts required with application)
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python
• Strong communication, interpersonal, organization, problem-solving, and critical thinking skills
• Successful completion of at least one Society of Actuaries or Casualty Actuarial Society actuarial exam with intention to earn the ACAS/FCAS designation

Additional Details:

This opportunity is for current college students who have the following:

• At least one semester of college remaining after the summer of 2027
• The desire to work for State Farm upon graduation
• Are eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity

IMPORTANT: The following must be attached at the time of application (please attach both of the following as one combined single document and upload during the application process):

• Resume
• Transcripts (unofficial copy accepted)

What’s In It For You

• Real-world actuarial experience with meaningful impact
• Competitive pay and financial incentives for actuarial exam completion
• Opportunities to work with cutting edge technologies and business models
• A learning culture that includes mentoring and training
• A company that embraces Diversity and Inclusion: We are one team and it is simply the right thing to do!

Get your resume and unofficial transcript ready and apply today!

We are excited to offer our interns a tailored set of benefits with a range of valuable perks to help support you during your time with us!

Time Off

• 40 hours of Life Leave
• Military Leave

Financial Benefits

• 401(K) Savings Plan (Eligible at age 18)
• Mutual Funds (Eligible at age 18)
• Commuter Benefits

Miscellaneous Benefits

• Wellness programs
• US Discount program
• Good Neighbor Grant program
• Matching Gift program
• Employee Assistance Fund
• Company Holidays