What are the responsibilities and job description for the Actuarial Intern position at Kuvare?
About Kuvare
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.
Kuvare family of companies:
Retail Annuity and Life Insurance Solutions:
- United Life Insurance Company
- Guaranty Income Life Insurance Company
- Lincoln Benefit Life
Institutional Insurance:
- Kuvare Life Re
Bespoke Insurance Solutions:
- Ignite Partners
About the role
The Actuarial Internship for Kuvare Corporate Management (KCM) is designed to offer an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Pricing and Product Management, Asset Liability Management, and Enterprise Risk Management.
What you'll do
As an intern your day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your internship. Duties and responsibilities include, but are not limited to
Valuation tasks
- Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
- Develop management reporting for existing business
- Assist in preparation of Statutory Annual and Quarterly Statements
- Update models and organize results for management.
- Assist in gathering information and analysis for external auditor inspections
Product Management tasks
- Produce, present, and improve monthly business monitoring reporting
- Provide insight and analysis to inforce experience trends
- Assist in the development and analyze annual Illustration Actuary testing models
- Assist on special policy illustration requests
- Assist on Product related projects and requests
Modeling and Forecasting tasks
- Build and review model inputs to support financial projection capability
- Execute and monitor model projections including troubleshooting model calculations
- Analyze model output ensuring accuracy with intended model purpose
Qualifications
Experience
- Progress towards, or completion of a BA/BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
- Success in passing at least one SOA/CAS exam preferred
Skills/Competencies
- Strong analytical and problem-solving skills
- Strong business and collaboration skills
- Proficiency in MS Office (Excel, Access, Word, PPT)
- Excellent verbal and written communication skills
- Flexible can-do attitude, willing to help out with all types of tasks in an ever-changing environment
- Passion to learn new things and design new solutions
- Work both independently and as part of a team
Physical Demands
- Normal office working environment
- Ability to type / perform data entry
- Ability to read from a computer screen and paper reports
- Express ideas and otherwise communicate with the spoken word