PRINCIPAL FINANCIAL GROUP Actuarial Internship Program- Summer 201 in DES MOINES, Iowa

Actuarial Internship Program- Summer 2018 (Accepting Applications from International & Domestic Students) - #220756Job Area:ActuarialBusiness Area:Corporate RiskLocation:IA - Des MoinesCareer Category:InternFull/Part Time:Full TimeRegular/Temporary:TemporaryDate Posted:09/11/2017Close Date:09/11/2017Pursue your calling and make an impact.We know it's important to get off to a great start with your career. Principal offers multiple opportunities to gain experience, make connections, and provide fast-tracked opportunities to learn our business from the inside out.You're not just looking for an internship.We hear you. That's why working with us isn't just about skill sets and job responsibilities. We care about offering you diverse experiences, rewarding challenges, and global opportunities that push you to reach for bigger life goals.The Internship ExperiencePrincipal will host 200 interns across various business units and teams. You will meet with senior executives, gain career direction, and contribute to work that helps our customers live their best lives - all at a Fortune 500 company who invests in your personal and professional development.Did we mention you'll have plenty of time to explore Des Moines?Principal is headquartered in Des Moines, Iowa, the Midwest's best-kept secret. You'll get a chance to network at social events and volunteer in the community with peers and team members. From its miles of trails and lakes, local wineries and breweries, to world-class music, theater and a thriving foodie scene, Des Moines offers big-city perks with small-town charm.Actuarial Internship ResponsibilitiesYou will be part of a community of over 100 actuaries at the company. You will have the chance to develop and use technical skills to do actuarial research and calculations, and provide actuarial services and support to departments throughout the company. You will also learn about Principal, and about the key roles that actuaries play here. We'll provide you with guidance on how to apply professional standards that relate to actuaries at all levels.Projects and responsibilities vary based on business need, but here are a few examples of what previous interns have accomplished:Cluster Modeling Project - efficient method of compressing a model with the goal of improving the runtime. Retirement and Income Solutions Financial Modeling TeamUpdating experience studies - this project involves looking through our data to determine the frequency and severity of our claims across demographic groups. What we find directly affects the pricing of our products by setting assumptions based on both our internal experience and industry-wide experience. Specialty Benefits Division Individual Disability (IDI) TeamSAS Asset Reporting Tool - help us understand why things are changing from projection to projection, allowing us to better analyze future performance from block to block. Retirement and Income Solutions Financial Modeling TeamAnalysis of Foreign Exchange Rates - explore the impact of fluctuations in foreign currencies on Principal's international insurance and retirement businesses. This work helps our international business enhance its strategy around how we manage the complex risks of the global marketplace. Specific responsibilities included: identifying model elements most likely to be impacted by the economic environment, designing and running test scenarios, analyzing results, summarizing findings in a memo. Principal International Actuarial TeamWhat's a CodeJam?Have you heard of an Actuarial Intern CodeJam? We didn't think so - consider it a hackathon for actuaries. You'll work with an all-intern team to identify and implement a solution to a business problem. Check out what Mitch (Maryville University) had to say about it: "I had a very helpful and talented team, as well as very fun and encouraging project leaders. CodeJam was an excellent way to stir up the talents among the actuarial interns to not only take on difficult tas