Actuarial Intern - Life Insurance

Co-operators; New Jersey; Hybrid; USD 28,000 - 39,000; Part time

Benefits offered by this job

Training and development opportunities

Flexible work options

Well-being programs

Job summary

CUMIS is seeking an actuarial student intern in New Jersey to assist pricing and product development for creditor insurance products. You will analyze data, prepare reports, and support pricing decisions under guidance from experienced actuaries.

Ideal candidates are pursuing a bachelor's degree in actuarial science with familiarity in VBA, AXIS, or Excel. This hybrid role requires two in-office days and includes training and development opportunities.

Qualifications

• Pursuing a bachelor's degree in actuarial science.
• Familiarity with VBA, AXIS, or Excel is an asset.

Responsibilities

• Support development, pricing, and management of creditor insurance products.
• Analyze data and create reports and dashboards for pricing strategies.
• Develop actuarial pricing models using AXIS to assess profitability.

Education

Bachelor's degree in actuarial science

Tools

AXIS software

Job description

Company: CUMIS
Department: Cred Ins/CU Distrib
Employment Type: Student
Work Model: Hybrid (2 days in office)
Language: This role operates in English.
Additional Information: This/these role(s) is/are currently vacant

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.

Our national Creditor team aspires to develop and deliver market leading products and solutions to exceed client expectations. We think strategically and collaboratively to create mutually beneficial results and achieve business objectives. We operate with high-integrity, motivated by our desire to do the right thing for our clients and their members.

How you will create impact:

• Support the development, pricing, and ongoing management of creditor insurance products, including coverage related to mortgages, lines of credit, personal loans, auto loans, and credit cards.
• Evaluate experience data and emerging trends to recommend pricing adjustments and product enhancements.
• Develop, maintain, and enhance actuarial pricing models using AXIS software to assess product profitability, risk, and pricing adequacy.
• Analyze large datasets and prepare reports, dashboards, and insights to inform pricing strategies and product development initiatives.

To join our team:

• You are pursuing a bachelor's degree in actuarial science.
• You are a team player who can adapt to a dynamic environment.
• Experience in VBA, Axis, or Excel is an asset

How you will succeed:

• You have strong time management and organizational skills.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions, and proactively propose solutions.
• You are well organized and detailed.
• You have strong communication skills to convey messages and explore diverse points of view.
• You build and maintain trusting relationships and provide guidance to support the development of shared programs and practices.
• You’re an effective team player who shares knowledge to support your peers.

What you need to know:

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.