Actuarial Intern (Summer)

Overview

Provides and verifies data and actuarial reports necessary for product and financial management utilizing actuarial principles and mathematical analysis.

Responsibilities

What you will do:

• Gathers, organizes and formats data from various sources, reviews for reasonableness and provides this data for internal and external use.
• Applies mathematical, statistical and technical skills to analyze data and reports.
• Obtains, verifies and organizes company experience to be used in product development, valuation and financial reporting.
• Designs mathematical formulas in pricing or asset-liability computer models to reflect new product features.
• Executes pricing, valuation and asset-liability runs, selecting the correct model and input data, and ensuring internal consistency of all assumptions, product features and in-force data.
• Modifies models and/or formulas to fit current experience.
• Reviews for reasonableness and assists in analyzing results.
• Performs other duties as assigned
• Complies with all policies and standards

Qualifications

• Pursuing Bachelor's degree and in actuarial science, mathematics or a related field.
• Proven proficiency in Microsoft Office products.
• Proven strong analytical skills, including ability to identify and quantify problems, and provide effective resolution.
• Proven ability to work under multiple deadlines, successfully organizing and effectively completing projects where given minimal supervision.
• Proven ability to work independently or as part of a team.

Work Setting/Position Demands:

• Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
• Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
• Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
• Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
• Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
• Performs substantial movement of wrists, hands, and fingers for continuous computer work.
• Extended hours required during peak workloads or special projects/events.