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Student Opportunities - Actuarial Internship (Master's level) - Fall 2024 (Hybrid)

  • Internship
    Full-time
    Summer Internship
  • Fairfield

AI generated summary

  • You must be enrolled in a master’s program in a quantitative field, have a relevant bachelor’s degree, and possess Excel, Python/R/SAS skills. Strong work ethic and GPA 3.0+ preferred.
  • You will assist in developing pricing and claims models, conduct research, assess model performance, assist with deployment, and collaborate across various departments and with actuaries.

Requirements

  • enrolled in a master’s program in a quantitative field of study at an accredited college/university
  • have earned a bachelor’s degree in mathematics, statistics, economics, physics, engineering, actuarial science, or other related quantitative field of study
  • collegiate transcripts required with submission of candidate profile (unofficial are acceptable)
  • preferred candidates will have passed at least one actuarial exam (P&C)
  • in good academic standing (cumulative GPA: 3.0 or higher preferred)
  • must be able to work up to 20+ hours per week
  • experience with Excel
  • some experience with Python, R, and/or SAS
  • strong work ethic and commitment to learning new things
  • strong communication, interpersonal, and organizational skills
  • proficient in Microsoft® Office tools and related software

Responsibilities

  • assist with the development and maintenance of multivariate pricing and underwriting models for personal and business insurance
  • assist with the development and maintenance of claims analytic models
  • conduct research and development leading to potentially useful predictive models in the future
  • assess model performance and recommending/implementing improvements
  • assist with model deployment and delivery of results
  • interact with actuaries and company management
  • interact with several departments within the company, including Commercial Lines, Personal Lines, Claims, and IT

FAQs

What is the location of the actuarial internship?

The internship is located at the Cincinnati Insurance Companies' corporate headquarters in Fairfield, OH.

What level of education is required for this internship?

Candidates must be enrolled in a master’s program in a quantitative field of study and must have already earned a bachelor’s degree.

What is the starting pay for the internship?

The starting pay begins at $25 per hour, based on the applicant’s education, experience, completed exams, knowledge, skills, and abilities.

Are unofficial college transcripts accepted with the application?

Yes, unofficial transcripts are accepted with the application.

How many hours per week are interns expected to work?

Interns are expected to work up to 20+ hours per week.

What types of programming experience are preferred for candidates?

Preferred candidates should have some experience with Python, R, and/or SAS.

Is it necessary for candidates to have passed any actuarial exams?

Yes, preferred candidates will have passed at least one actuarial exam (P&C).

What skills should candidates possess to succeed in this role?

Candidates should have strong communication, interpersonal, and organizational skills, a strong work ethic, experience with Excel, and proficiency in Microsoft® Office tools.

Is sponsorship available for international interns?

No, the company is not currently hiring interns who will need sponsorship at any time, including for Optional Practical Training (OPT) or Curricular Practical Training (CPT).

What can interns expect to learn during this internship?

Interns will gain meaningful work experience, learn about the property/casualty actuarial profession, and build connections that may lead to future job prospects while working with experienced professionals.

Finance
Industry
1001-5000
Employees
1950
Founded Year

Mission & Purpose

The Cincinnati Insurance Company, operating since 1950, stands among the nation's top 25 property casualty insurer groups based on net written premiums. The group markets business, home and auto insurance products through a select group of independent insurance agencies in 46 states and the District of Columbia. The Cincinnati Life Insurance Company subsidiary actively markets life and disability income insurance and annuities in all states except New York. Empowered field representatives work from their homes in the same communities as those agents and the policyholders we serve. Field representatives provide local services including marketing support, claims service with a human touch, loss control advice and boiler inspections. Associates at our Fairfield, Ohio, headquarters support these field representatives with managerial, administrative, underwriting and technical expertise. Other available careers include finance, technology, law, human resources and customer service.