What are the responsibilities and job description for the Summer Intern - Actuarial position at Admiral Insurance Group (a Berkley Company)?
What makes Admiral Insurance Group ADMIRABLE.
Since 1974, Admiral Insurance Group has been supporting business innovation and market growth through its wholesale-dedicated excess and surplus (E&S) lines of commercial insurance. We specialize in underwriting difficult-to-place moderate to high-risk commercial businesses that require creative solutions, outside of the box thinking, entrepreneurial spirit, and astute business knowledge. As a member of the W. R. Berkley Corporation, a Fortune 500 Company and one of the nation's premier commercial lines property casualty insurance providers, we have the resources, support, and industry data to provide exceptional service and exciting solutions for our clients and partners.
The Actuarial Intern acquires and analyzes data while assisting members of the actuarial team with various ongoing projects. Communicates with actuarial team members and managers. Participates in the decision-making process by identifying issues and recommending solutions. This is a 10-week internship. Key functions will include but are not limited to:
- Assist the actuarial team with analysis for statistical rating studies and apply advanced levels of mathematics, statistics, finance, and business to property and casualty insurance problems.
- Download, manipulate, and compile data into usable and useful formats, including programming in spreadsheets and/or databases.
- Participate in studies and projects focused on key areas of reserving, pricing, and profitability.
- Learn and observe business interactions with other departments.
- Become proficient in working with large data files using appropriate software.
- Perform other analyses as assigned to support business partners.
Education
- Pursuing a Bachelor's degree in Mathematics, Actuarial Science, or a related area.
- GPA of 3.0 and above is required.
- Rising Junior or Senior student preferred.
- Interest in enhancing classroom learning through practical career-related work experience within the industry.
Qualifications
- No related work experience required.
- Knowledge of computer programs in a Windows environment, including Word, Excel, and Outlook.
- Knowledge and practical application of statistical software (e.g., SQL, R, Python) preferred.
- Completion of one to two Actuarial Society examinations preferred.
- Basic knowledge of insurance, business, and finance preferred.