Actuarial Leadership Development Program (ALDP) Intern

Acturhire; Hartford, Northern (CT, KY); Hybrid; USD 39,000 - 45,000; Full time

Benefits offered by this job

Housing assistance

Internship program in Hartford & St.  

Job summary

Travelers is offering the Actuarial Leadership Development Program internship in Hartford, CT and St. Paul, MN. You will be exposed to actuarial work across pricing, reserving, risk analysis and data science, with strong mentorship and networking opportunities.

The program seeks students pursuing a Bachelors or Masters and who have completed actuarial exams or are close to doing so, with solid Excel skills and a 3.0+ GPA preferred. Housing support is available for eligible interns.

Qualifications

• Cumulative GPA of 3.0 or greater preferred.
• Completion of one or more actuarial exams.
• Pursuing a Bachelor’s or Master’s degree.

Responsibilities

• Engage in a wide variety of actuarial assignments across business lines, including pricing, reserving, risk analysis and data science.
• Gain first-hand business experience, on-the-job training and exposure to management levels.
• Collaborate with interns and professionals to develop solutions and present findings.

Skills

GPA 3.0+ or higher

Education

Bachelor’s or Master’s degree in progress

Tools

Microsoft Excel

Job description

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Actuarial

Compensation Overview

The hourly salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual hourly rate for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$28.00 - $33.00

Target Openings

32

What Is the Opportunity?

Applicants must be authorized to work for any employer in the U.S. now and in the future. The company does not sponsor/support H-1B petitions, TN, or Forms I-983/STEM OPT, for this role.

The goal of the Actuarial Leadership Development Program (ALDP) internship is to attract and develop self-motivated individuals who are highly skilled and passionate about a career in actuarial while providing a foundation for future success within the organization. As an ALDP intern, you will be exposed to a challenging actuarial professional work experience with planned activities giving you insight into business and the many actuarial career options at Travelers. With many company-wide events such as Intern Symposium and community outreach events, you will have the opportunity to interact and network with many levels of leadership and management. You may have an opportunity to work together with fellow interns to develop and present solutions to relevant business and actuarial topics.

Housing: The Internship program is based in Hartford, CT and St. Paul, MN. Positions are available in our business units and corporate departments. Subsidized apartments are available for students who live beyond a commutable distance from Hartford, CT or St. Paul, MN. Positions are available early June through the end of the summer.

What Will You Do?

• The ALDP internship has a wide variety of actuarial assignments across numerous Business Lines in areas such as: Pricing and Ratemaking, Reserving, Claim, Risk Analysis, Product Management, Corporate/Enterprise, and Data Science.
• The ALDP Summer Internship Program provides qualified students an excellent opportunity to gain first-hand business experience, receive valuable on-the-job training, and learn about the many actuarial and analytic positions available in the insurance industry. Interns are provided exposure to all levels of management and have the chance to collaborate and network with other development programs during business workshops, work assignments, and social events. You will learn to leverage modern analytical and artificial intelligence (AI) tools/platforms with the ability to apply critical thinking to evaluate limitations related to quality and accuracy of AI-assisted outputs.
• ALDP interns are viewed as a primary source of future candidates for entry level actuarial and analytic careers within the company. They receive challenging work assignments that add value and impact the business.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Cumulative GPA of 3.0 or greater preferred.
• Completion of one or more actuarial exams.
• Suggested degree majors are Actuarial Science, Statistics, Mathematics, Economics, Finance, Computer Science or a related field.
• Intermediate to advanced proficiency with Microsoft Excel.

What is a Must Have?

• Pursuing a Bachelor’s or Master’s degree.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.