Actuarial Intern

Coaction Global, Inc.; Morristown (NJ); On-site; USD 27,000 - 36,000; Full time

Job summary

Coaction Global, Inc. is offering an actuarial internship in Morristown, NJ, designed for ambitious students pursuing a degree in business or finance. The role provides exposure to reserving, pricing, catastrophe modeling, and capital modeling within the Property & Casualty space.

You will work with professional actuaries, gain hands-on experience, and develop technical skills including Excel and SQL while meeting in-office attendance requirements this summer in Morristown.

Qualifications

• Rising junior with a target graduation date of May 2028.
• Pursuing a Bachelor’s in business, finance or related field.
• GPA 3.5 or higher.
• In-office attendance in Morristown, NJ; remote work not offered.

Responsibilities

• Assist actuaries with reserving, pricing, catastrophe modeling, or capital modeling initiatives.
• Research industry results for benchmarking.
• Develop price monitoring capabilities.
• Assemble, verify, and analyze exposures used for catastrophe modeling.
• Document processes and ensure data quality.
• Collaborate with underwriting, claims, and risk management teams.

Skills

Analytical skills

Excel

SQL

Time management

Communication

Curiosity

Actuarial exams in progress

Education

Bachelor’s degree in business, finance or related field

Tools

Excel

Job description

## Actuarial InternApplylocations: Morristown, NJtime type: Full timeposted on: Posted 2 Days Agojob requisition id: JR100989At 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.If your application is selected, you will receive an email directly from the Coaction Recruiting Team at [e-mail] asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.