Actuarial Intern

Warrior Insurance Network; Bedford Park (IL); On-site; USD 28,000 - 37,000; Part time

Job summary

Warrior Insurance Network seeks an eager actuarial and product analysis intern to gain hands-on business experience in a dynamic insurance environment.

You will assist with product development, regulatory filings, and financial reporting while learning insurance terminology and actuarial techniques relevant to auto and liability lines. This internship is ideal for a college student or recent graduate in Illinois.

Qualifications

• Pursuing an Actuarial Science, Math/Statistics, Economics, Finance, or other related degree with a GPA of 3.0 or better
• Excellent verbal and written communication skills
• Great organizational and problem-solving abilities
• Knowledge of Microsoft Word and Excel
• SOA/CAS exams a plus but not required
• Ability to work 40 hours a week
• Willing to work part-time during the school year
• Must be able to work in U.S. without sponsorship

Responsibilities

• Assist with new product development including competitive rate comparisons.
• Create supporting exhibits and prepare filings for submission to department of insurance to satisfy state regulatory requirements
• Complete data preparation and reserve reviews on various lines of business
• Create and update monthly/quarterly financial reports

Skills

Communication skills

Organizational skills

Problem-solving

Education

Actuarial Science / Math/Statistics / Economics / Finance degree

Tools

Microsoft Word

Microsoft Excel

Job description

Warrior Insurance Network is looking for an eager, ambitious, and diligent intern to join their Product & Actuarial Analysis department. This is a great opportunity for a college student or recent college graduate to gain true business experience in a hands-on working environment.

The Actuarial intern will be introduced to insurance terminology and concepts in general and exposed to a variety of Product/Actuarial projects and techniques.

DUTIES & RESPONSIBILITIES:

• Assist with new product development which includes competitive rate comparisons and various other competitive studies
• Create supporting exhibits and prepare filings for submission to department of insurance to satisfy state regulatory requirements
• Complete data preparation and reserve reviews on various lines of business
• Create and update monthly/quarterly financial reports

Intern will be involved with wide variety of insurance products which may include: Non-Standard Auto, Commercial Auto, and General Liability.

QUALIFICATIONS REQUIRED:

Pursuing an Actuarial Science, Math/Statistics, Economics, Finance, or other related degree with a cumulative grade point average of 3.0 (out of 4.0) or better

• Excellent verbal and written communication skills
• Great organizational and problem-solving abilities
• Knowledge of Microsoft Word and Excel
• SOA/CAS exams a plus but not required
• Ability to work 40 hours a week
• Willing to work part-time during the school year
• Must be able to work in U.S. without sponsorship

Estimated Compensation Range: $20/hr.-$27/hr.*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location.