Actuarial Intern-Summer 2027

Venerable; Chester, Northern (Delaware County, KY); Hybrid; USD 39,000 - 44,000; Full time

Benefits offered by this job

Weekly travel stipend (not housing)

Job summary

Venerable is offering an actuary internship in its West Chester, PA office for Summer 2027. You’ll gain hands-on experience in variable annuity risk drivers, data management, and cross-functional risk analytics with support across Risk and Finance.

The program emphasizes data visualization, automation, and communication with senior management. Strong mathematical aptitude and technical skills are essential, along with clear written and verbal communication.

Qualifications

• Strong mathematical aptitude and technical skills.
• Solid written and verbal communication abilities.
• Initiative and attention to detail in work tasks.
• GPA 3.0+ and prior internships preferred.

Responsibilities

• Build understanding of variable annuity features and risk drivers.
• Learn about market data and metrics measuring risk for variable annuities.
• Assist with investment data and data management across Risk and Finance.
• Summarize data extracts and interpret trends using data analysis tools.
• Visualize data summaries and update Excel spreadsheets with VBA.
• Review business processes and suggest automation improvements.
• Develop and present PowerPoint memos to summarize analyses.

Skills

Mathematical aptitude

Data analysis

Written & verbal communication

Personal initiative and attention to (

Education

Actuarial Science / Mathematics / Statistics

Finance / Economics

Data Science related majors

Tools

Excel

VBA

PowerPoint

SQL

Python

R

Job description

The Corporate Risk Management Actuarial Internship will be for the summer of 2027 and will be based in West Chester, PA office. Specific responsibilities may include:

• Building an understanding of variable annuity product features and the primary risk drivers, as well as the assets and derivatives backing these products.
• Gaining an understanding of market data and various metrics that are used to measure risks associated with variable annuities.
• Assisting with investment data and market data initiatives across Risk and Finance, which may include data management efforts, such as internal database maintenance, data integrity, business analysis, as well as supporting investment and/or model risk analytics.
• Using data analysis tools to summarize data extracts, organize data at varying levels, and interpret trends in data for various purposes.
• Visualizing data summaries, trends, and reconciliation results using Excel, which may include updating and developing Excel spreadsheets with Excel formulae, data utilities, and VBA macros.
• Reviewing current business processes, suggesting improvements such as automation, and using technology to reduce human error where possible.
• Developing and presenting PowerPoint presentations and/or memorandums to summarize analysis and results for various types of audiences including immediate teams and senior management.

Applicants are expected to have a strong mathematical aptitude, solid technical skills, strong written and verbal communication skills, and display personal initiative as well as attention to detail.

Preferred Qualifications

• Strong desire to learn with the ability to work in a cross-functional team environment.
• Exposure to additional programming languages (R, Python, VBA, SQL) is a plus.
• GPA of 3.0 or higher.
• Prior internship or co-op experience is preferred.

Preferred Majors

• Actuarial Science, Mathematics, Statistics, Data Science, Finance, Economics or other related majors

Competitive pay, study hours, and financial support for actuarial exams is included.

Other: While housing is not provided, Venerable offers a weekly travel stipend to offset some potential commuting expenses.

Candidates who require sponsorship for current or future legal U.S. work authorization will be ineligible for this internship.

Work schedule: Employees currently adhere to a hybrid schedule; in the summer, the hybrid schedule is 2 days a week at the office (Tuesday/Wednesday).

Work location: West Chester, PA.

Venerable Values

• We are Courageous - We think critically, ask "why?" and seek out creative solutions.
• We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
• We are Connected - We are connected to each other, our customers and our community.

Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for. If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.

Founded in 2018, Venerable owns and manages legacy annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd. Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. We provide innovative risk transfer solutions to companies with variable annuity blocks who seek to rebuild a secure financial future. We will be the answer for companies focused on long term prosperity. Together, we are visionaries. We embrace change, overcome challenges and act like owners. We inspire, support and empower one another. We thrive on trust, decisiveness and transparency. We are committed to dismantling and eliminating systemic racism and invested in ensuring change is constantly evolving. As an organization, Venerable stands by our core values and consistently works to sustain an equitable environment where diverse perspectives and backgrounds are core to ensuring organizational success. Our Equity, Diversity, and Inclusion program involves colleagues from throughout our organization and is focused on five core topics to drive change - Education and Perspective Seeking, Training, Investments, Volunteerism, and Human Resource Practices. We are also proud members of CEO Action for Diversity & Inclusion, participants in supporting events in the communities in which we operate, and contributors to the Society of Black Actuaries and Federation of Iowa Insurers Race and Insurance working group.