What are the responsibilities and job description for the Actuarial Internship position at FMNE Insurance Company?
FMNE Insurance is seeking an Actuarial Intern to join our Actuarial Department. This is a paid internship for Summer 2027. We're looking for a collaborative, analytical individual who enjoys solving complex business challenges through data-driven insights and strategic decision-making.
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis. Please submit a resume and cover letter for consideration.
Role Overview of an Actuarial Intern
This position is responsible for, but not limited to, assisting with the design, development, and application of methods and procedures to collect, analyze, and interpret statistical data relating to product pricing and design, and loss reserving analysis.
Responsibilities
- Demonstrates the Company’s mission, while successfully performing its core values related to integrity, service, excellence, stability, strength, respect, and teamwork.
- Use current research and statistical techniques to analyze coverage profitability and price adequacy.
- Assist in the preparation and implementation of rate proposals.
- Assist in the maintenance, validation, and analysis of actuarial datasets.
- Prepare reports and provide relevant summaries to management.
- Assist in the gathering and analysis of loss reserving and of loss frequency and severity information.
- Recognize and apply best practices and create enhancements in work products.
- Provide support to other departments within the Company with various analyses/reports to evaluate business performance.
- Regular and timely attendance in the office is an essential function of the position.
Skills and Qualifications
- Currently pursuing a bachelor’s or master’s degree in actuarial science, mathematics, statistics, or a related field required.
- Interest in learning about P&C insurance and achieving membership in the Casualty Actuarial Society.
- Successful completion of at least one actuarial exam is preferred.
- Proficient in Microsoft Office programs, with advanced skills in Excel.
- Familiarity with various analytical and modeling software such as R or SAS, helpful.
- Some knowledge of programming such as Visual Basic and macros.
- Strong quantitative and analytical abilities.
- Excellent written and verbal communication skills.
- Self-motivated, detail-oriented, and capable of working independently and collaboratively.
FMNE Insurance Company recognizes that an individual with a disability may require accommodation to enable them to successfully perform a job function. Should you require such accommodation, please indicate the job function and suggested accommodation during the interview process. FMNE will attempt to make reasonable accommodations.