Actuarial Intern

Kuvare; Rosemont (IL); On-site; USD 28,000 - 41,000; Full time

Job summary

Kuvare is seeking an Actuarial Intern to contribute to Life and Annuity valuation, modeling, forecasting, pricing, and product management initiatives. You will work on asset liability management and enterprise risk management tasks while gaining broad exposure to actuarial workflows.

Interns will help monitor reserves, support statutory reporting, and assist with external audits. A collaborative, learning-minded environment awaits in Illinois.

Qualifications

• Progress toward, or completion of a BA/BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
• Strong analytical and problem-solving skills
• Excellent verbal and written communication skills
• Flexible can-do attitude, willing to help out with all types of tasks
• Passion to learn new things and design new solutions

Responsibilities

• Prepare and monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
• Develop management reporting for existing business
• Assist in preparation of Statutory Annual and Quarterly Statements
• Update models and organize results for management
• Produce, present, and improve monthly business monitoring reporting
• Assist in development and analyze annual Illustration Actuary testing models
• Assist on Product related projects and requests
• Modeling: build and review model inputs for financial projections

Skills

Analytical thinking

Problem solving

Business collaboration

Excellent communication

Adaptability

Teamwork

Learning mindset

Education

BA/BS in Actuarial Science

Job description

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

Kuvare family of companies:

Retail Annuity and Life Insurance Solutions:

• - United Life Insurance Company
• - Guaranty Income Life Insurance Company
• - Lincoln Benefit Life

Institutional Insurance:

• - Kuvare Life Re

Bespoke Insurance Solutions:

• - Ignite Partners

About the role

The Actuarial Internship forKuvare Corporate Management(KCM) is designed to offer an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Pricing and Product Management, Asset Liability Management, and Enterprise Risk Management.

What you'll do

As an intern your day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your internship. Duties and responsibilities include, but are not limited to

• Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
• Develop management reporting for existing business
• Assist in preparation of Statutory Annual and Quarterly Statements
• Update models and organize results for management.
• Assist in gathering information and analysis for external auditor inspections
• Produce, present, and improve monthly business monitoring reporting
• Provide insight and analysis to inforce experience trends
• Assist in the development and analyze annual Illustration Actuary testing models
• Assist on Product related projects and requests

Modeling and Forecasting tasks

• Build and review model inputs to support financial projection capability
• Execute and monitor model projections including troubleshooting model calculations
• Analyze model output ensuring accuracy with intended model purpose

Qualifications

Experience

• Progress towards, or completion of a BA/BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
• Success in passing at least one SOA/CAS exam preferred
• Strong analytical and problem-solving skills
• Strong business and collaboration skills
• Excellent verbal and written communication skills
• Flexible can-do attitude, willing to help out with all types of tasks in an ever-changing environment
• Passion to learn new things and design new solutions
• Work both independently and as part of a team

Physical Demands

• Normal office working environment
• Ability to type / perform data entry
• Ability to read from a computer screen and paper reports
• Express ideas and otherwise communicate with the spoken word