Job Description
Modern Woodmen of America is seeking a candidate, with a least one actuarial exam passed to be a member of our 2025 internship team. Interns will have the opportunity to work closely with members of our Actuarial Finance department to learn about product design and administration, corporate modeling and financial reporting.
Modern Woodmen of America is the nation's third largest fraternal benefit society with assets over $17B. Fraternal benefit societies are unique membership organizations with peculiar names that pair the "member owned" characteristic of a mutual insurance company with the "social mission" characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation's most effective volunteer networks.
Responsibilities: - Collect and analyze data for special actuarial studies.
- Learn about product design and administration, corporate modeling and financial reporting.
- Collaborate with actuaries on day to day projects as needed.
- Update actuarial reports and spreadsheets.
- Provide general support to staff actuaries and Actuarial Services section.
What we need: - Microsoft Office knowledge including Excel, Word and PowerPoint.
- At least one SOA actuarial exam passed, two or more preferred.
What we offer: - Internship program information: Modern Woodmen's summer internships are ideal for current college students interested in exploring the financial services industry. The program offers an opportunity for students to gain real-life work experience related to their studies while connecting with a mentor in their field.
- Pay: The hourly pay for this position is $19.00. The specific rate will depend on the successful candidate's education and prior experience.
- Work Arrangements: This is a full-time, 11-week office-focused summer internship position: 37.5 hours per week (7.5 hours per day), Monday- Friday, with flexible start time between 7:00AM-9:00AM. Office focused positions work on-site due to the nature of the work and have limited remote days. Anticipated internship duration: late May-mid August.
- Stability: Modern Woodmen has been Modern Since 1883SM and exists for our members. We make long-term decisions that provide stability to our employees, financial representatives, and members.
- Respect for Personal Time : We offer vacation, flexible start time between 7:00AM and 9:00AM, and paid holidays.
- Great Culture : We build strong working relationships across our organization through collaborative work and volunteer opportunities.
- A Beautiful Office: Enjoy a beautiful view! Our home office, located in downtown Rock Island, IL, has a lovely plaza overlooking the Mississippi River.
- On-site café: Our employees can purchase a variety of breakfast, lunch, and beverage options at Café 1883.
- A Thriving Local Community: Not from the Quad Cities and hesitant to consider relocation? Give it some thought. The Quad Cities offers an idyllic Midwestern lifestyle along the mighty Mississippi and consistently ranks at the top of the list for quality of life and cost of living. It's home to more than our share of artists, festivals, and fun in every season.
- Internship Benefits :
- Paid vacation
- Paid holidays
Modern Woodmen is an equal opportunity employer. Modern Woodmen is committed to providing a respectful environment where each person's diverse opinions, attitudes, attributes, and feelings are respected.
Job Tags
Hourly pay, Holiday work, Full time, Work experience placement, Summer internship, Local area, Remote job, Relocation, Home office, Flexible hours, Monday to Friday,