Actuarial Interns

Westfield InsuranceWestfield Center, OH
Internship

3 months ago

Description

Job Title

Actuarial Intern - Summer 2024

Job Location

Westfield Center, Ohio
NEW
1 additional location

Job Overview

  • Employee Status: Intern
  • Schedule: Seasonal
  • Location: Hybrid - defined as three days in office if residence is within 50 miles of Westfield Center, OH- Complimentary Corporate Housing Available

Compensation

  • Westfield Insurance
  • 230000CY

Responsibilities

  • Completing meaningful actuarial assignments with direction/support/coaching from actuarial leaders and peers.
  • Follows standard processes in assisting with the following items in assigned area: (IE Pricing, Loss Reserving, R D)
  • Providing input on pricing of new and existing products.
  • Collaborating with Underwriting and Product in managing business.
  • Determining loss and loss expense reserve recommendations.
  • Preparing and defending state filing materials.
  • Develop management reports.
  • Estimating unpaid loss and loss expense liabilities.
  • Actively participates in summer internship program events including Lunch & Learns.
  • Conducts research and/or other work for projects assigned.
  • May be responsible for department administrative and support duties.
  • Develops business acumen through interactions and shadowing with other professionals.

Requirements

  • Currently a rising senior (anticipated graduation no later than May of 2024) or graduate student actively pursuing a four-year or advanced degree in Actuarial Science, Mathematics, Statistics, or related discipline
  • A completed CAS exam is a plus, but also open to candidates who are currently studying for their first CAS exam
  • Proven ability to collaborate and work with a team.
  • Demonstrated solid oral, written and interpersonal skills resulting in the ability to interact with all levels within the organization.
  • Demonstrated organization skills.
  • Demonstrated initiative and ability to work independently.
  • Physical essential functions: ability to work 40 hours in an office environment (sitting, standing, on a computer, etc.), operate office related technology (computer, phone, etc.), travel as required.

We're excited for you to apply!

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INSIGHTS

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Career Paths

People who completed this type of internship end up in the following types of jobs

Top majors

That get hired for this type of internship

  • Mathematics28%

  • Actuarial Science26%

  • Economics10%

  • Statistics5%

  • Management Science5%

  • 124 other majors24%

People who did this kind of internship end up at the following companies

  • Towers Watson
  • Mercer
  • Liberty Mutual Insurance
  • AON
  • Milliman

GETTING THIS POSITION

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  • What hurdles or obstacles have you overcome?
  • What would previous co-workers and managers say about you?
  • If you could pick only one, which stock would you pick and why?
  • How are the three main financial statements connected?
  • What is EBITDA?
  • Walk me through a DCF.
  • If you were the Chief Financial Officer (CFO) of a Fortune 500 company, what would be your long-term concerns?

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