Actuarial Intern

W. R. Berkley Corporation; Stamford (CT); On-site; USD 28,000 - 36,000; Full time

Job summary

Berkley Custom in Stamford, CT is seeking an Actuarial Intern to support pricing, reserving and portfolio analysis for excess and surplus lines. Under supervision, you will work on real projects and gain exposure to the underwriting process.

The role emphasizes research, data analysis and collaboration with actuaries. Ideal candidates are currently enrolled in a 4-year program, with coursework in insurance, math, economics, statistics and pursuing CAS exams.

Qualifications

• Actively enrolled sophomore, junior or senior student in a four-year college program or recent graduate.
• Completed coursework in insurance, financial mathematics, economics, probability and statistics.
• CAS exams or progress preferred.

Responsibilities

• Pricing and loss rating support to underwriting divisions
• Contribute to current reserving projects
• Assist with annual program reviews for casualty divisions
• Support management reporting and portfolio analyses

Skills

Actuary direction

Communication skills

Analytical skills

Attention to detail

Time management

Team player

Problem solving

SQL

MS Office

Excel

Education

Sophomore/junior/senior student in 4-year program

Insurance / financial math / econ / stats coursework

CAS exams (preferred)

Tools

SQL

MS Office

Excel

Job description

From middle market to Fortune 500 companies, Berkley Custom’s team is committed to providing excellent service and a consistent approach to meet the needs of their brokers and their customers, bringing specific expertise in excess casualty as well as a variety of targeted primary and excess programs.

They Seek To Outperform Competitors With Focus And Deep Understanding Of Their Client’s Priorities And By Developing Creative Risk Solutions To Meet Their Long-term Needs. Their Key Differentiators Include The Following:

• EXCLUSIVE PARTNERSHIPS –Berkley Custom works exclusively the wholesale brokerage community as well as their program partners and continually builds upon long established relationships with a passion for superior service for their appointed producers.
• INDUSTRY PROFESSIONALS – Berkley Custom attracts and retains professionals with significant experience in their field, many with over 25 years in the business. Their culture values and promotes deep industry knowledge, integrity, excellence, and respect.
• LONG-TERM APPROACH TO ACCOUNTS – Berkley Custom continually seeks partners for the long term who share their values and risk management discipline.
• Long-term relationships have been their management’s trademark in over 30 years of serving customers in the E&S and Program marketplace. Their team is dedicated to serving the varied casualty exposure needs of their brokers and their customers. By truly understanding risk exposures in a constantly changing global environment, they can better work with you to keep risk placement recommendations current and responsive.

The Company is an equal employment opportunity employer.

https://www.berkleycustom.com/home/

Responsibilities

Under direct supervision, the Actuarial Intern will be assigned to projects to provide research, analysis and insights to support pricing, reserving, and portfolio management for excess and surplus insurance or specialty admitted products. Key functions will include but are not limited to:

• Providing pricing and loss rating support to underwriting divisions
• Contributing to current reserving projects
• Contributing to annual program reviews for casualty divisions
• Assisting with management reporting and portfolio management functions such as rate change reporting and aggregation analyses

Qualifications

Education Requirement:

• Actively enrolled sophomore, junior or senior student in four-year college degree program required, or recent college graduate
• Completed college coursework in one of more study areas: insurance, financial mathematics, economics, probability and statistics required
• Successful completion of one or more CAS exams preferred

• Ability to take direction from Actuary
• Excellent verbal and written communication skills
• Strong analytical skills
• Strong organizational skills and attention to detail
• Ability to demonstrate accuracy and thoroughness
• Ability to monitor own work to ensure quality and meet deadlines
• Self-starter who works well independently and in a team environment
• Ability to identify and resolve problems in a timely manner, gathering and analyzing information effectively
• Sound knowledge of internet search engines, databases and how to optimize the search
• Proficiency in MS Office (Word, Excel, Outlook)
• Computer Proficiency using databases (SQL) and spreadsheets (Excel)

Sponsorship Details

Sponsorship not Offered for this Role