Actuarial Intern — Ratemaking & Data Analytics

Kentucky Farm Bureau; Louisville (KY); On-site; USD 27,000 - 38,000; Full time

Job summary

Kentucky Farm Bureau is seeking an actuarial internship in Louisville, KY. The intern will assist the Actuarial Services Manager with ratemaking, reserving, and data analytics while gaining exposure to multiple areas of the insurance company through trainings and cross-departmental collaboration.

Responsibilities include collaborating with various departments, applying actuarial techniques, analyzing rate indications and trends, and supporting claim estimations.

Qualifications

• High school diploma or equivalent.
• Actively enrolled as a college student with at least 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 to complete insurance/actuarial projects.
• Learn and use actuarial and analytical techniques to analyze rate level indications for KFB lines.
• Conduct trend analyses for claims, policy growth/retention, quotes, and market research.
• Assist with rate/product changes and unpaid claim estimation.
• Support ultimate claim payment and frequency estimation for individual events.
• Collaborate with accounting and finance personnel on project deliverables.
• Attend trainings and network with interns and staff across departments.

Skills

Analytical thinking

Team player

Attention to detail

Communication

Education

Two years toward Bachelor's in Mathematics/Statistics/Data Science

Tools

SAS

R

Python

SQL

Excel

Job description

Kentucky Farm Bureau is seeking an actuarial internship in Louisville, KY. The intern will assist the Actuarial Services Manager with ratemaking, reserving, and data analytics while gaining exposure to multiple areas of the insurance company through trainings and cross-departmental collaboration.

Responsibilities include collaborating with various departments, applying actuarial techniques, analyzing rate indications and trends, and supporting claim estimations.