Actuarial Intern

AAA Life Insurance Company; Livonia (MI); On-site; USD 28,000 - 41,000; Full time

Job summary

AAA Life Insurance Company is seeking an Actuarial Intern in Livonia, MI to develop actuarial skills across pricing, product development and financial reporting. You will work with data in Access/Excel, perform ad-hoc reporting and learn from credentialed teammates in a collaborative environment.

You will gain experience with MG-ALFA or similar actuarial tools and participate in projects that support pricing assumptions and valuation processes while meeting deadlines with guidance from actuarial

Qualifications

• Pursuing a Bachelor’s degree in Actuarial Science, Computer Science, Mathematics, or related field.
• Completion of at least one Society of Actuaries exam preferred.
• Experience with Microsoft Access and Excel.
• Demonstrated ability to work effectively with others.
• Strong verbal and written communication skills.
• Programming and testing in a database environment.
• Reviewing results for accuracy and reasonableness.
• Learning company operations, systems and actuarial methodologies quickly.
• Working to meet deadlines with limited supervision.

Responsibilities

• Understands, programs, tests, and validates data using Access, Excel or advanced programming techniques (e.g., SQL, C#, etc.).
• Performs ad-hoc reporting.
• Reviews own work for accuracy.
• Uses established documentation and procedures and recommends updates where appropriate.
• Gains experience in Pricing, Product Development, Valuation and Financial Reporting teams.
• Supports data gathering, validation and model development for pricing and financial reporting.

Skills

SQL

C#

Teamwork

Communication

Education

Pursuing a Bachelor's degree in Actuarial Science, Computer Science, Mathematics, or related field

SOA exam progress (preferred)

Tools

Microsoft Access

Microsoft Excel

Job description

Overview

Who we are:

By joining AAA Life, you will have the opportunity to strengthen the name and reputation of the brand that millions have come to rely upon for financial piece of mind. We are a company dedicated to our members and our employees. We value the unique attributes and contributions of our associates to build an inclusive, collaborative and innovative workplace where all employees are engaged and feel they belong. Delivering our company’s promise to members is what drives each of our associates every day.

We offer a dynamic work environment, excellent benefits, and competitive compensation] , that will allow you will exercise your potential to innovate, finding ways to increase efficiency and enhance our business processes.

Responsibilities

What you will do

• Gain experience at an established and still rapidly-growing company
• Develop a well-rounded actuarial skill and learn from accomplished and credentialed teammates
• Hone technical skills by developing significant analysis and reporting on projects within one of two different teams, including:

Product Development and Innovation

Valuation and Financial Reporting

• Participate in a culture that promotes work/life balance and a dress-for-your-day dress code
• Form relationships with actuarial manager who will promote an open line of communication to provide mentorship and training on the technical and soft skills it takes to succeed in the actuarial profession
• Enjoy team-building and bonding activities with colleagues
• Earn competitive compensation
• Spend time in face to face meetings with executives

Position Responsibilities or Project Details

• Understands, programs, tests, and validates data using Access, Excel or advanced programming techniques (e.g., SQL, C#, etc.)
• Performs ad-hoc reporting
• Reviews own work for accuracy
• Uses established documentation and procedures and recommends updates where appropriate

Expected Outcomes

The Actuarial Intern will be responsible for the functions described in one or more of the following areas:

PRICING AND PRODUCT DEVELOPMENT

• Performs competitor studies or other related product research
• Utilizes MG-ALFA actuarial software to develop financial models
• Gathers data needed to develop or validate pricing assumptions
• Supports the creation of models through data gathering, data validation, and grouping of assets & liabilities

VALUATION AND FINANCIAL REPORTING

• Performs experience studies
• Assists in the calculation and validation of statutory, GAAP, and tax reserves
• Runs month-end reporting process
• Gathers data for financial statement preparation
• Updates and runs financial forecasting models

Qualifications

• Pursuing a Bachelor’s degree in Actuarial Science, Computer Science, Mathematics, or related field
• Completion of at least one Society of Actuaries exam preferred
• Experience with Microsoft Access and Excel
• Demonstrated ability to work effectively with others
• Strong verbal and written communication skills
• Programming and testing in a database environment
• Reviewing results for accuracy and reasonableness
• Learning company operations, systems and actuarial methodologies quickly
• Working to meet deadlines with limited supervision