Capital Management Intern

About the Role

The Capital Management internship at National Life Group provides exposure to how a leading U.S. life and annuity insurer evaluates current and projected capital needs. This role offers insight into the drivers of changes in capital and risk-based capital ratios, and potential capital impacts from business activities, investment decisions, reinsurance deals, and regulatory developments. The intern will collaborate cross-functionally across Finance, Accounting, Actuarial, Risk Management, Investments, and other corporate teams.

Key Responsibilities

• Update capital analysis on a quarterly and as-needed basis, including data population, error resolution, interpreting results, and preparing presentation materials.
• Assist in the preparation of quarterly Risk-Based Capital (“RBC”) calculation and attribution analysis, including validating and summarizing results.
• Perform impact analysis of proposed regulatory capital changes for RBC and S&P model.
• Collaborate with internal partners to perform assigned duties.
• Improve efficiency of working files and processes.
• Document capital management processes and procedures.
• Perform ad hoc analysis and provide support for capital management activities, responsibilities, and communications.
• All other duties as assigned.

Requirements & Tech Stack

• Pursuing a degree in Finance, Actuarial Studies, Math, or a similar quantitative field.
• Experience with gathering, organizing, cleaning, and interpreting information (e.g., data sets).
• Working exposure with relational databases (e.g., Microsoft SQL, Access) and writing queries.
• Working exposure using Analytical and Visualization tools, specifically Tableau & Alteryx.
• Ability to translate business needs into effective analytical solutions and models.
• Understanding of foundational financial principles, e.g., interest rates, investments, and financial statements (e.g., balance sheet).
• Strong analytical skills with the ability to work in a fast-paced finance environment.
• Ability to meet deadlines for recurring reporting and analysis.
• Ability to quickly develop professional relationships and effectively communicate using various platforms or methods.
• Proficiency in Microsoft Office, e.g., Excel.

AI Proficiency Expectations

• Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of work.
• Stay curious and open to new AI-enabled ways of working.
• Exercise sound judgment by reviewing and validating AI-generated content.
• Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life's AI guiding principles.
• Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention, and intellectual property.

Program Highlights

• 10-week paid internship (June 1 - August 6) with formal orientation and onboarding.
• Networking opportunities with peers and leaders throughout the summer.
• Cross-Departmental group project focused on an enterprise-wide solution presented at a company-wide event.
• Presentation skills coaching sessions.
• Learning opportunities throughout the program.
• Access to mentors (former program participants).

Internship Specifics

• Onsite work schedule required, with the expectation of being in the office four (4) days per week during onsite core days (currently Monday, Tuesday, Wednesday, and Thursday). The work schedule type and core days are subject to change with advance notification and manager discretion.
• Hourly Pay Range: $19 - $28 USD