What are the responsibilities and job description for the Actuarial Intern position at Prosperity Life?
About Us
Based in New York City, Roanoke, VA and Austin, TX, Prosperity Life Insurance Group, L.L.C. (Prosperity) through its member companies, Shenandoah Life Insurance Company ("Shenandoah"), SBLI USA Life Insurance Company, Inc. ("SBLI USA"), S.USA Life Insurance Company, Inc. ("S.USA") and National Western Life Insurance Company (“NWLIC”), is private equity backed with one of the highest growth in the life insurance industry over the past several years. Prosperity is an active writer of life and annuities policies and has a successful track record of acquiring companies and blocks of business, which will continue to be a significant driver of company growth. As recently announced, Prosperity is in process of being acquired, which will help accelerate the company’s growth in the future.
About The Role
Prosperity is seeking an intern to join our Actuarial team. The Actuarial internship program is designed to provide students with challenging and educational projects that promote both personal and professional development. Interns typically assist in pricing, modeling, and financial reporting, working side-by-side or remotely with experienced actuaries.
Key Responsibilities
Based in New York City, Roanoke, VA and Austin, TX, Prosperity Life Insurance Group, L.L.C. (Prosperity) through its member companies, Shenandoah Life Insurance Company ("Shenandoah"), SBLI USA Life Insurance Company, Inc. ("SBLI USA"), S.USA Life Insurance Company, Inc. ("S.USA") and National Western Life Insurance Company (“NWLIC”), is private equity backed with one of the highest growth in the life insurance industry over the past several years. Prosperity is an active writer of life and annuities policies and has a successful track record of acquiring companies and blocks of business, which will continue to be a significant driver of company growth. As recently announced, Prosperity is in process of being acquired, which will help accelerate the company’s growth in the future.
About The Role
Prosperity is seeking an intern to join our Actuarial team. The Actuarial internship program is designed to provide students with challenging and educational projects that promote both personal and professional development. Interns typically assist in pricing, modeling, and financial reporting, working side-by-side or remotely with experienced actuaries.
Key Responsibilities
- Provide entry-level professional services as appropriate to the actuarial functions. Receive guidance, training, and mentoring from senior personnel in planning and carrying out activities and assignments.
- Create and use actuarial calculation tools.
- Maintain and refine actuarial processes to improve efficiency.
- Assist in implementing automation processes to create supporting files for models in MG-ALFA.
- Gain a comprehensive overview of life and annuity products, actuarial techniques, and the life insurance industry.
- Perform ad-hoc tasks requested by various business functions (e.g. Marketing, Operations, New Business, QA, etc.)
- In senior year, working towards a bachelor's or master's degree in math, actuarial science, or related field with a GPA of 3.2 or higher.
- Strong interpersonal and problem-solving skills, attention to detail, good time management, and the ability to work independently.
- Strong technical skills and experience with databases (Excel, SQL, Python).
- Passage of one or more Society of Actuaries exams (highly preferred).
Salary : $20 - $25