Summer 2025 - Actuarial Analyst Intern

Job Description

Job Description

Who we are :

Indiana Public Retirement System (INPRS’) is among the largest 100 pension systems in the United States. INPRS serves the needs of approximately 473,000 members and retirees representing approximately 1,244 employers, including public universities, school corporations, public safety, municipalities and state agencies.

The Indiana Public Retirement System is a public pension fund who manages approximately over $50 billion in assets, making it one of the largest in the United States.

We are located in the heart of the city, in downtown Indianapolis, near the circle & across the street from our monumental state house.

This internship will allow a flexible (hybrid) work arrangement.

Why join :

INPRS’ believes that people are the foundation of our success. It takes people with different backgrounds, ideas, and strengths to be successful.

Balance in life is important. We strive to have a flexible and supportive environment while not sacrificing service to our members.

We pride ourselves by modeling a collaborative, diverse and inclusive environment for our employees. Our mission. As fiduciaries, educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised defined benefit and defined contribution benefits and services .

Your Impact :

This position will assist INPRS’ Finance department with various actuarial reporting duties. The position will work on multiple aspects of pension plan risk management, including gathering and evaluating data, establishing relevant risk metrics, setting tolerance thresholds, identifying concentrations of risk, and producing communications on findings.

Other areas of INPRS plans may be involved, depending on the specific projects available during the course of the internship.

Essential Duties :

• Provide support to INPRS’ financial reporting.
• Gather and evaluate data from pension funds.
• Set risk metrics and evaluate the performance of pension funds against metrics.
• Set up trend data for analysis of current periods and going forward.
• Produce reports and summary presentations on findings.
• Other special projects related to the ongoing management of INPRS plans.

Job Requirements :

• Attention to detail in evaluating data specific to pension plan risks.
• Skill in prioritizing work assignments to manage workload in a changing environment and in completing detailed work with a high degree of accuracy.
• Excellent verbal and written communication skills to effectively communicate project progress and final results.
• Ability to establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts, and to work effectively in a professional team environment.
• Considerable skills in using Microsoft Word, Excel, PowerPoint to prepare correspondence, presentations, spreadsheets, charts and reports.

Experience and Qualifications :

• Must be a current enrollment as a rising senior or junior toward an undergraduate or graduate degree in actuarial science, mathematics, statistics, economics, or similar field from an accredited college or university.
• Successful completion of one or more actuarial examinations is preferred; not required.
• Must be available to work at least 10 weeks from May 2025 through August 2025.

INPRS Perks :

• Competitive paid internship
• Hybrid work schedule (in-office & remote)
• Participation in Governor's Summer Internship Program; meet the Governor of Indiana, agency speakers, and community service opportunities
• INPRS intern engagement activities
• Flexible hours; up to 37.5 hours weekly
• Employer paid parking

If you are interested in this position, please submit your application and resume for review. For more information about our organization, please visit our INPRS Careers Page : https : / / www.

in.gov / inprs / careers.htm.

This position is not eligible for H-1B or any other kind of temporary or permanent sponsorship for work authorization by the Indiana Public Retirement System.

Therefore, if you will require sponsorship from us for work authorization now or in the future, we cannot consider your application at this time.

We are an Equal Opportunity Employer. The Indiana Public Retirements System (INPRS) Equal Opportunity Employer and is committed to recruit, select, develop, and promote employees based on individual ability and job performance.

Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status.

We will comply with the spirit as well as the letter of all applicable state and federal laws.