Actuarial Intern

Assurity Group; Lincoln, Northern (NE, KY); Hybrid; USD 21,000 - 30,000; Full time

Job summary

Assurity is seeking an Actuarial Intern to support the Finance division in Lincoln, Nebraska. The role involves assisting in valuation, modeling, and projections for life, health, and annuity products, under supervision of the Appointed Actuary.

The internship emphasizes developing actuarial skills, data analysis, and collaboration with the Finance team, with on-site work and flexible scheduling to accommodate 15 hours per week minimum.

Qualifications

• Progress toward a degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• Minimum of one Society of Actuaries exam completed preferred.
• Strong mathematical, analytical, and computer skills (Excel, Access, SQL).
• Desires to attain actuarial professional credentials and develop communication skills.

Responsibilities

• Assist in calculating annual and monthly statutory and tax reserves.
• Complete quarterly IBNR/ICOS balances; support monthly financial statements.
• Support filings and reports for Department of Insurance or other bodies.
• Analyze monthly financial statements and assist with expense and experience studies.

Skills

Math & analytics

Interpersonal communication

Problem solving

Attention to detail

Reliable attendance

Communication

Education

Actuarial/Math/Stats degree progress

SOA exams completed

Tools

Excel

Access

SQL

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Actuarial Intern

Intern Lincoln, NE, US

7 days ago Requisition ID: 1454

Assurity is looking for enthusiastic, driven and collaborative people to join our team. We’re a company of vibrant and passionate people who work every day to advance our mission of helping people through difficult times – and who truly want to make a difference. As a Certified B Corporation, we have a verified commitment to our people, community and planet, and we work every day to make the world a better place.
Ample opportunities for growth, a thriving culture and coworkers who care as much as you do are just the beginning. Come work with purpose. Learn more: www.assurity.com/careers

Role provides key support to the Finance division at Assurity. Individual will assist in the valuation and modeling of life, health and annuity insurance products by providing support for the financial reporting process, performing model projections, and performing unique projects, all while developing their technical actuarial and interpersonal communication skills. These activities are performed under the supervision of Assurity’s Appointed Actuary and in collaboration with the Finance team at Assurity.

ESSENTIAL FUNCTIONS

Apply technical skills as a user of Assurity’s valuation system to:

• Assist in calculating annual and monthly statutory and tax reserves;
• Complete quarterly process for calculation of IBNR/ICOS balances;
• Help prepare monthly financial statement entries for due, deferred, and advanced premiums, unpaid claims, and corresponding reinsurance components; and
• Support completion of specific exhibits, schedules, and other filings for submission to the Department of Insurance or other bodies.

Apply analytical skills in the reserving and financial reporting process to:

• Help analyze monthly financial statements for accuracy of policy reserving entries;
• Assist in compiling, calculating, and analyzing data for use in expense and experience studies; and
• Complete special projects, as needed.

Apply analytical skills in the modeling and projection process to:

• Provide support to compile, run, and analyze model projections for asset/liability management, cash flow testing, and annual strategic planning;
• Help with documenting the modeling and projection process;
• Assist with the validation of model results; and
• Help with creating reports used by senior leadership for managing Assurity’s business.

Apply personal development, communication, collaboration, and relationship skills to:

• Recommend improvements to actuarial processes;
• Learn new computer software as needed and instructing department in its use;
• Comply with Corporate Model Governance guidelines;
• Build rapport among colleagues in the Finance division; and
• Enhance the organizational culture through departmental projects and activities.

The list of essential functions is not exhaustive but does require an engaged and inquisitive person who is interested in developing their actuarial skills.

EXPERIENCE AND SKILL REQUIREMENTS

• Has strong mathematical, analytical, and computer skills (Excel, Access, SQL, for example)
• Possesses the ability to interact effectively and professionally with others.
• Desires to attain actuarial professional credentials.
• Can demonstrate problem solving and decision-making capabilities.
• Exhibits professional interpersonal communication skills.
• Consistent and reliable attendance is an essential function to this position.
• Looks for opportunities for professional and career development.
• Has strengths required in values, work intensity, achiever, positivity, relationship, resourceful, and exactness.

EDUCATION AND CERTIFICATION REQUIREMENTS

• Progress towards a degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• Minimum of one Society of Actuaries exam completed preferred.

PHYSICAL AND WORK SCHEDULE REQUIREMENTS

• Ability to work minimum 15 hours a week within flex-time guidelines required.
• This is an onsite internship in Lincoln, NE.