Actuarial Intern

Acturhire; Madison (WI); Hybrid; USD 38,000 - 41,000; Full time

Job summary

QBE North America in Madison is offering a Summer 2027 actuarial internship within its North America Actuarial organization. Interns work in pricing or financial reporting alongside actuaries and senior students, tackling challenging projects to build problem-solving and decision-making skills.

The internship runs June 1 through August 6, with hybrid work requiring 4 days in the Madison office and an hourly pay of $27.50–$29.50. Returning students enrolled in Actuarial Science are preferred.

Qualifications

• Completion of High School Diploma/GED.
• Full-time current enrollment in a bachelor’s in Actuarial Science.
• Must be returning to college/university upon completion of internship.
• Course work or relevant experience with demonstrated achievements.

Responsibilities

• Assist the actuarial staff in extracting, compiling, reviewing, and analyzing data in support of the goals of the Actuarial Department.
• Make key contributions to various actuarial functions such as: pricing, reserving, modeling, reinsurance, and business planning.
• Perform appropriate checks within processes to minimize errors and inaccuracies and verify data reconciliations.
• Network with other members of the Department to establish mutual respect in business processes.
• Clearly communicate results of projects to technical and non-technical staff and present to entire actuarial and data science department.

Skills

Actuarial Exams

Analytical Thinking

Mathematical Proficiency

Attention to Detail

Programming Proficiency

Problem-Solving

Communication Skills

Collaborative Nature

Ethical Awareness

Probability & Statistics

Education

Bachelor's in Actuarial Science

Tools

Python

R

SQL

SAS

Julia

Job description

Primary Details

Time Type: Full timeWorker Type: EmployeeThe purpose of this role is to support the Actuarial function by undertaking operational or administrative work, contributing to the team's work agenda under close supervision. The role aims to provide practical work knowledge of the general insurance industry and exposure to business areas within the organisation.

The Opportunity

QBE has a Summer 2027 internship opportunity in its North America Actuarial organization based in its Madison office, working alongside our highly skilled and extremely professional actuarial services team. Interns are typically placed in a pricing or financial reporting role working side by side with actuaries or senior level actuarial students. They are presented with challenging projects that provide them with useful experience while allowing them to develop their problem solving and decision-making skills.

The internship will run from June 1st to August 6th.

• Location: Madison, Wisconsin
• Work Arrangement: This role is hybrid, where you will be expected to be in the office 4 days per week at our Madison, WI office
• The pay rate: $27.50-29.50 an hour

Your new role

• Assist the actuarial staff in extracting, compiling, reviewing, and analyzing data in support of the goals of the Actuarial Department
• Make key contributions to various actuarial functions such as: pricing, reserving, modeling, reinsurance, and business planning
• Perform appropriate checks within processes to minimize errors and inaccuracies and verify data reconciliations
• Network with other members of the Department to establish mutual respect in business processes
• Clearly communicate results of projects to technical and non-technical staff and present to entire actuarial and data science department

Required Qualifications

• Completion of High School Diploma/GED
• Full-time current enrollment in a bachelor’s in Actuarial Science
• Must be returning to college/university upon completion of internship
• Course work or relevant experience with demonstrated achievements

Preferred Competencies/Skills

• Actuarial Exams: Have completed at least one actuarial exam.
• Analytical Thinking: Strong analytical skills to interpret complex data and draw meaningful insights.
• Mathematical Proficiency: Strong mathematical foundation in calculus, probability, and linear algebra.
• Attention to Detail: Meticulous attention to detail to ensure accuracy in data analysis and modeling.
• Programming Proficiency: Strong programming skills in: Python, R, SQL, SAS, or Julia for data manipulation and model development.
• Problem-Solving: Proven problem-solving abilities to address challenges in actuarial computations and analysis.
• Communication Skills: Effective verbal and written communication skills to convey technical concepts to stakeholders clearly.
• Collaborative Nature: Ability to work in a team environment, collaborating with actuaries and other professionals.
• Ethical Awareness: Understanding of actuarial candidate code of conduct and professional standards.

Preferred Knowledge

• Probability and Statistics: Understanding of probability theory, statistical distributions, and their application in actuarial work.
• Insurance Principles: Familiarity with property and casualty insurance products and terminology.
• P&C Actuarial Concepts: understanding of basic principles of Property & Casualty ratemaking and reserving.

Why QBE? What if you could have a positive impact – at work and in the world?

At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people. We’re building momentum to achieve something significant and know our people are at the center of our success.

Our industry offers interesting and varied careers where you can help people to protect what matters most. As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind. And our international scale means we’re big enough for your ambitions, yet small enough for you to make a real impact.

https://www.linkedin.com/company/qbe-north-america/

QBE is committed to providing reasonable accommodation to, among others, individuals with disabilities and disabled veterans. If you need an accommodation because of a disability to search and apply for a career opportunity with QBE, please inform our Talent Acquisition team to let us know the nature of your accommodation request and your contact information.

Equal Employment Opportunity

QBE provides equal employment opportunities to applicants and employees without regard to race; color; gender; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; protected veteran status; or disability or any other legally protected status.

This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis without the need for current or future sponsorship.

Supplementary information

Skills

Collaboration Tools, Communication, Critical Thinking, Data Entry, Document Management, Email Management, Financial Products, Hands-On Learning, Intentional collaboration, Managing performance, Microsoft Applications, Report Writing, Research Analysis, Self Motivation, Time Management

Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.