Life Actuary Intern

Alfa Internship

  • Montgomery, Alabama
  • 22 days ago

    Highlights

    To apply for guest housing click here: ResponsibilitiesSupport Alfa's life product pricing, design, and profitability analysis, including assumptions review and sources of earning analysis (specific product depends on corporate priorities during summer 2027).Support actuarial reserve valuation and financial reporting for Alfa's life and annuity products (1-2 financial reporting cycles).Review and analyze industry white papers, peer-company benchmarking data, and competitive survey data. Present findings to actuarial, undewriting, and/or analytics staff (topic depends on corporate priorities during summer 2027.Past intern topics have included accelerated underwriting mortality slippage, analysis of competitor underwriting criteria, etc.

    Numbers & Facts

    LocationMontgomery, Alabama

    Description

    Company Overview
    Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states. 
    Working as a Life Actuary Intern for Alfa Insurance offers a remarkable opportunity that extends beyond the stereotype of a typical internship. It entails interning at a revered company built on principles of faith, family, community, and unwavering integrity. 
    Our goal is to provide a structured and formal internship experience for our interns to immerse themselves in our culture, gain insight into the insurance industry, and explore various career opportunities within an insurance company.
    Alfa focuses on creating a learning atmosphere that offers our interns exposure to various departments and the opportunity to collaborate with mentors. Each week, the interns participate in engaging and enjoyable workshops during our "Midweek Mixers." You are not confined to a single profession or department; instead, they were given the opportunity to explore all departments and gain a comprehensive understanding of how an insurance company operates cohesively.
    Given the prevailing stereotypes associated with internships at companies and firms, Alfa is determined to challenge expectations and provide a truly valuable experience. As part of this effort, the interns are treated as integral members of the team, receiving meaningful tasks and collaborating closely with mentors and other employees across various departments.
    Our interns not only acquired knowledge about how an insurance company operates but also develop lasting relationships, both professionally and personally.To apply for guest housing click here:ResponsibilitiesSupport Alfa's life product pricing, design, and profitability analysis, including assumptions review and sources of earning analysis (specific product depends on corporate priorities during summer 2027).Support actuarial reserve valuation and financial reporting for Alfa's life and annuity products (1-2 financial reporting cycles).Review and analyze industry white papers, peer-company benchmarking data, and competitive survey data. Present findings to actuarial, undewriting, and/or analytics staff (topic depends on corporate priorities during summer 2027.Past intern topics have included accelerated underwriting mortality slippage, analysis of competitor underwriting criteria, etc. 
    Qualifications
    • Rising Sophomore, Junior, Senior or Graduate in a 4-year university
    • Actuarial Science, Mathematics/Statistics, Business/Econ, Engineering major
    • Proficiency in R, Python, Excel, SQL
    • Actuarial exams helpful but not required
    • Good communication skills
    • Team player

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