Actuarial Intern: Data Analytics & Ratemaking

Kentucky Farm Bureau Insurance; Louisville (KY); On-site; USD 32,000 - 34,000; Part time

Job summary

Kentucky Farm Bureau Insurance is seeking a motivated actuarial intern to support the Actuarial Services Manager. The role focuses on ratemaking, reserving, and data analytics with exposure to various insurance areas through trainings and cross-department collaboration.

On-site at the Louisville state office, you will engage with teams and contribute to meaningful projects. You must be enrolled in a suitable degree program, have completed at least one actuarial exam, and be proficient in at

Qualifications

• High school diploma.
• Actively enrolled as a college student with a minimum of two years toward a Bachelor's degree in Mathematics, Statistics, Economics, Data Science, or similar field.
• Have completed at least one actuarial exam - preference given to completion of multiple exams.
• Ability to adhere to detailed instructions.
• Experience with at least one data-intensive coding language (SAS, R, Python, SQL, etc.)
• Proficiency with Excel spreadsheets and other Microsoft Office products.
• Ability to work well with others, both inside and outside organization.

Responsibilities

• Collaborate with individuals from other departments (sales, product management, underwriting, IT, etc.) to complete relevant insurance/actuarial projects.
• Learn and use current actuarial and other analytical techniques to analyze rate level indications for KFB lines of insurance.
• Perform trend analyses for claims, policy growth/retention, quotes, and market research.
• Contribute to rate/product changes and unpaid claim estimation.
• Assist with ultimate claim payment and frequency estimation for individual events.
• Collaborate with and support other accounting and finance personnel in project and department deliverables.
• Attend trainings and outings to learn the business of insurance and to network with other interns and individuals from other departments.
• Must be a trustworthy, responsible person with strong work ethic.
• Regular, predictable attendance as employee has to physically be in the office.

Skills

Detailed instructions

Teamwork

Analytical thinking

Education

Progress toward Bachelor's in Math/Stats/DS/Econ

At least one actuarial exam completed

Tools

SAS

R

Python

SQL

Excel

Job description

Kentucky Farm Bureau Insurance is seeking a motivated actuarial intern to support the Actuarial Services Manager. The role focuses on ratemaking, reserving, and data analytics with exposure to various insurance areas through trainings and cross-department collaboration.

On-site at the Louisville state office, you will engage with teams and contribute to meaningful projects. You must be enrolled in a suitable degree program, have completed at least one actuarial exam, and be proficient in at