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Long Term Actuarial Intern

  • Internship
    Full-time
    Off-cycle Internship
  • Cincinnati
    Remote

AI generated summary

  • You should possess strong analytical skills, proficiency in Excel, knowledge of actuarial principles, and the ability to work collaboratively in a team-oriented environment.
  • You will assist in data analysis, perform actuarial calculations, support pricing models, and help with report preparation while collaborating with the actuarial team on various projects.

Requirements

  • - Must be a recent graduate or graduating in the next 12 months.
  • - Completed Bachelor's degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.
  • - GPA 3.2 or higher
  • - Successful completion of 1 or more actuarial exams
  • - Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
  • - Demonstrated ability to think logically and perform analysis in a timely manner.
  • - Solid written and oral communication skills.
  • - Strong command of Excel as well as some knowledge of programming and databases such as SQL, Visual Basic and Macros

Responsibilities

  • Development of rate level indications for all lines of business
  • Selection of pricing levels for each state and line in close collaboration with Product Management
  • Development of strategies to drive profitable growth
  • Filing support for rate changes
  • Development of profitability scorecards that drive strategy and resource allocation
  • Annual Loss Ratio Planning
  • Special Projects

FAQs

What is the job title of the position being offered?

The job title is Long Term Actuarial Intern.

Where is the position located?

The position is located in Amelia/Cincinnati, Ohio, and is open to remote work during Eastern Time Zone business hours.

Who is the employer for this internship?

The employer is American Modern Insurance Group, a subsidiary of Munich Re.

What kind of products does American Modern Insurance Group provide?

American Modern Insurance Group delivers specialty insurance products and services for residential property (such as manufactured homes and specialty dwellings) and the recreational market, including boats, personal watercraft, and classic cars.

What type of tasks will the Long Term Actuarial Intern be responsible for?

The intern will be responsible for developing rate level indications, selecting pricing levels, developing strategies for profitable growth, filing support for rate changes, creating profitability scorecards, annual loss ratio planning, and special projects.

What qualifications are needed to apply for this internship?

Applicants must be recent graduates or graduating in the next 12 months, have completed a Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a similar field, have a GPA of 3.2 or higher, and successful completion of one or more actuarial exams.

Are there any specific skills required for this position?

Yes, the position requires strong analytical abilities, solid written and oral communication skills, proficiency in Excel, and some knowledge of programming and databases, such as SQL, Visual Basic, and Macros.

Is visa sponsorship available for this position?

No, applicants requiring employer sponsorship of a visa will not be considered for this position.

What is the company's stance on diversity and inclusion?

American Modern values diversity and inclusion as a solution to challenges and opportunities and strives to foster an inclusive culture that reflects the customers they serve and the communities in which they operate.

What is the company's equal opportunity policy?

American Modern Insurance Group is an equal opportunity employer and reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

So everyday Americans can live one-of-a-kind lives.

Finance
Industry
1001-5000
Employees
1938
Founded Year

Mission & Purpose

AMIG is a provider of insurance services, offering a range of coverage options including property, casualty, and specialty lines to individuals and businesses. Their ultimate mission is to safeguard their clients' assets and mitigate risks by providing comprehensive insurance solutions tailored to their specific needs. AMIG's purpose centres around delivering reliable and responsive insurance services, ensuring peace of mind and financial protection for their customers in the face of unforeseen events and emergencies.

Benefits

  • A robust 401k plan with up to a 5% employer match

  • A retirement savings plan that is 100% company funded

  • Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries

  • A variety of health and wellness programs provided at no cost

  • A hybrid environment that gives you a choice in where and how you get work done

  • A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop