What are the responsibilities and job description for the Actuarial Intern position at Western Reserve Group?
The Actuarial Intern provides support to actuarial staff, product analysts, and the AVP – Strategic Development on project work as assigned. This is an internship position with the intent of exposing the employee to actuarial concepts and developing their skill set through experiential learning.
Salary Grade (6) 19.49 - 24.36 - 29.23
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Assists the actuaries in determining rates and/or loss and loss adjustment expense reserve levels. This information may be internal to the company, industry data or competitive information.
Performs research on projects intended to improve risk selection, claims settlements, or general financial improvement of the company.
Applies technical skills to create or enhance applications to be used in actuarial work.
Shadows actuarial staff to develop an understanding of ratemaking concepts, methodologies, and responsibilities typical to the profession.
Completes project work as assigned.
SUPERVISORY RESPONSIBILITIES
This position has no supervisory responsibility.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION AND EXPERIENCE
Enrolled in an undergraduate degree program in Actuarial Science, Mathematics or related field of study
Intermediate computer skills including familiarity with spreadsheets and databases
Exposure to a statistical programming language such as R, Python, and/or SAS is a plus
Strong Communication Skills
Preference will be given to candidates with credit for at least one Casualty Actuarial Society exam
LANGUAGE SKILLS
Able to effectively communicate with various audiences, including actuaries, product analysts, underwriters, IT staff, and management.
MATHEMATICAL SKILLS
Advanced skills are required including coursework in calculus, linear algebra and probability/statistics.
REASONING ABILITY
Ability to understand actuarial concepts and apply logic to solve complex problems.
CERTIFICATES, LICENSES, REGISTRATIONS
Advancement in the CAS examinations is desirable but not required.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Employees are required to sit at a workstation to perform various PC and/or terminal functions.
WORK ENVIRONMENT
Individuals in this position need to work both independently and with others. Attention to detail is critical. Most projects require adherence to strict timelines.
COMMENTS
This is an internship position for those seeking a career in Actuarial science.