Actuarial Intern

Coaction Global; Morristown (NJ); On-site; USD 28,000 - 34,000; Full time

Benefits offered by this job

In-office internship

Summer 2027

Job summary

Coaction invites college students to join its actuarial internship program in Morristown, NJ for Summer 2027. Rising juniors pursuing a bachelor's degree in business or finance with strong math and analytical skills are encouraged to apply.

The role involves working with actuaries across reserving, pricing, and modeling, with opportunities to collaborate on underwriting, claims, and risk management. Applicants should have a GPA of 3.5 or higher, Excel proficiency, and SQL/database experience.

Qualifications

• Eligible candidates MUST be rising juniors with a targeted graduation date of May 2028.
• Students must be pursuing a Bachelor’s Degree in business, finance or related field
• Minimum GPA of 3.5
• Proficiency in Excel; SQL coding experience preferred
• Experience in working with databases; strong analytical skills and mathematical framework

Responsibilities

• Assist actuaries with reserving, pricing, catastrophe modeling, or capital modeling initiatives
• Research industry and competitor results for benchmarking
• Develop price monitoring capabilities
• Assemble, verify, and analyze exposures used for catastrophe modeling
• Document all new processes (and existing ones to the extent they are incorporated in role)
• Reconcile final dataset outputs to ensure no coding or system errors

Skills

Analytical skills

Strong math background

Effective communication

Education

Pursuing Bachelor's in business/finance or related field

Tools

SQL

Excel

Database experience

Job description

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients. Coaction Specialty Insurance is offering an exciting opportunity to entrepreneurial and ambitious college students interested in an actuarial career. Coaction’s Actuarial department works with internal customers across a wide range of all lines of business, helping them to keep the big picture in focus while being able to dive into unique and complex business challenges. You will draw upon your strong mathematic, technical, and problem-solving skills to analyze data while learning about the Property & Casualty industry and insurance company operations. You will have the opportunity to work individually and collaboratively with actuaries as well across various areas that may include such areas as underwriting, claims, and/or corporate risk management.

Responsibilities (varies Depending On Area)

• Assist actuaries with reserving, pricing, catastrophe modeling, or capital modeling initiatives
• Research industry and competitor results for benchmarking
• Develop price monitoring capabilities
• Assemble, verify, and analyze exposures used for catastrophe modeling
• Document all new processes (as well as existing ones to the extent they are incorporated in role)
• Reconcile final dataset outputs to ensure no coding or system errors

Qualifications

• Eligible candidates MUST be rising juniors with a targeted graduation date of May 2028 (2026, 2027, or 2029 graduates will not be eligible).
• Students must currently be in pursuit of their Bachelor’s Degree in business, finance or a related field
• Students with strong analytical skills and a solid mathematical framework
• Proficiency in Excel
• SQL coding experience preferred
• Experience in working with databases
• Determination to learn new technical skills
• Excellent organizational and time management skills
• Effective oral and written communication skills
• Embraces new challenges and develops innovative solutions to problems
• Strong sense of curiosity
• Actively pursuing the actuarial exams with preferably at least one exam passed
• Minimum GPA of 3.5

Important Notes

• Coaction's internship program does NOT offer remote work. Our internship roles are 5 days a week in our Morristown office.
• Candidates must live local to the Morristown, NJ area as we do not provide relocation assistance and require in office attendance. Our internship program will take place Summer 2027 from June-August.

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.