FAQs
What is the main focus of the Allstate Benefits Actuarial Intern position?
The main focus of the Actuarial Intern position is to provide hands-on experience in core actuarial functions and financial analysis, as well as training in business growth strategies, profitability, and risk management.
What are the key responsibilities of an actuarial intern?
Key responsibilities include actuarial projections and analysis, month-end reporting and strategic claim cost updates, supporting company and state reporting initiatives, and involvement in profitability and risk management projects.
What qualifications are required for this internship?
Candidates should be pursuing a Bachelor's degree in Mathematics, Statistics, Finance, or a related field, have passed at least one actuarial exam through the Society of Actuaries, and should be proficient in Excel, PowerPoint, Word, and SQL.
Are there any skills emphasized for the ideal candidate?
Yes, the ideal candidate should possess strong oral and written communication skills, customer centricity, digital literacy, inclusive leadership, learning agility, and a results-oriented mindset.
Is this position open to students from non-actuarial fields?
The position is primarily targeted at students pursuing degrees in Mathematics, Statistics, Finance, or related fields, so candidates from non-actuarial fields may not meet the preferred qualifications.
Is sponsorship available for international candidates?
Allstate generally does not sponsor individuals for employment-based visas for this position.
What kind of training will the intern receive?
The intern will receive valuable training in actuarial functions, financial analysis, business growth strategies, profitability, and risk management.
What is the company culture like at Allstate?
Allstate promotes a flexible environment that embraces connection and belonging, and has received recognition for its inclusivity and diversity initiatives.
Will a background check be required for this position?
Yes, the candidate(s) offered this position will be required to submit to a background investigation.
Can this internship lead to full-time opportunities?
While not explicitly stated, internships often serve as a pathway to full-time opportunities, especially if the intern demonstrates strong performance and aligns with the company’s values.