FAQs
What is the role of the Actuarial Summer Intern?
The Actuarial Summer Intern will provide research, analysis, and insights to support pricing, reserving, and portfolio management for excess and surplus insurance or specialty admitted products, under direct supervision.
What qualifications are required for the Actuarial Summer Intern position?
Candidates must be actively enrolled as a sophomore, junior, or senior in a four-year college degree program or be a recent college graduate, with completed coursework in insurance, financial mathematics, economics, probability, and statistics.
Are there any preferences regarding CAS exams for the applicants?
Yes, successful completion of one or more CAS exams is preferred.
What skills are emphasized for this internship?
Essential skills include excellent verbal and written communication, strong analytical and organizational abilities, attention to detail, self-starter mentality, and proficiency in MS Office, SQL, and Excel.
Is sponsorship offered for this internship role?
No, sponsorship is not offered for this role.
What type of projects will the intern be working on?
The intern will provide pricing and loss rating support to underwriting divisions, contribute to current projects, assist with annual program reviews, and support management reporting and portfolio management functions.
Is there any specific software proficiency required for this position?
Yes, proficiency in MS Office (Word, Excel, Outlook) and computer proficiency using databases (SQL) and spreadsheets (Excel) is required.
What kind of work environment should the intern expect?
The intern should expect a collaborative work environment where they will work independently as well as in a team setting, taking direction from actuaries.
How will the intern's contributions impact the company?
The intern's contributions will support the company's pricing, reserving, and portfolio management efforts, ultimately helping to meet the needs of brokers and customers in the excess and surplus insurance market.
What is the application process for the Actuarial Summer Intern position?
Interested candidates should submit their resumes and any required application materials as specified in the job posting, following the company's application instructions.