Actuarial Reserving Intern - Summer 2027

Core Specialty Insurance Services, Inc.; Chicago (IL); On-site; USD 30,000 - 39,000; Full time

Benefits offered by this job

12-week internship program

Exposure to senior management

Collaborative work environment

Competitive intern pay

Job summary

Core Specialty Insurance Services, Inc. invites a motivated student to join the Actuarial Reserving team for a 12-week summer internship in Chicago. You will gain real, meaningful work with guidance from actuaries while progressing toward your actuarial exams.

This internship offers exposure to senior management, a collaborative work environment, and a competitive pay package. You will perform quarterly reserve reviews, support CAT reporting, and develop monthly metrics to monitor loss trends.

Qualifications

• Pursuing a Bachelor's or Master's in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• Preparing CAS preliminary exams; may have 1-2 passed.
• Interest in insurance industry and actuarial exam process.

Responsibilities

• Perform quarterly reserve reviews to support adequate and accurate reserves recorded.
• Create and distribute Quarterly Reserve Report.
• Create and distribute CAT reporting with monthly tracking of incurred claims.
• Monitor loss emergence against plan assumptions and summarize to management.
• Develop and monitor monthly metrics to identify trends in loss costs.

Skills

Basic Excel experience

Strong organization and communication

Ownership of tasks

Ability to learn and apply technical

Time management under guidance

Adapt to feedback

Attention to deadlines

Education

Actuarial Science or related field (Bachelor's/Master's)

Job description

- Come grow with us! At Core Specialty Insurance, we cultivate an environment where our interns grow as they exposed to meaningful, real-life work. At Core Specialty, you’re much more than a summer intern, you are valued member of our team! Why Intern with Core Specialty? Gain experience in a quickly growing environment! Where every day provides new and exciting opportunities!!

12-week summer program Very competitive intern pay! Exposure to senior level management and company executives Collaborative work environment with a relaxed company culture

Our values are the Core of everything we do: We have a “bring it on” attitude. We act quickly to make things happen. We empower and enable rapid decision making. We solve problems with expertise. We have an unmatched depth of knowledge and experience. We have high integrity, self-discipline and respect for others.

As a valued intern on our Actuarial Reserving team, you will be given real meaningful work as well as support and guidance from our actuaries as you continue on your exam path.

Key Accountabilities/Deliverables:

• Perform and prepare quarterly reserve reviews to support adequate and accurate reserves recorded
• Create and distribute Quarterly Reserve Report
• Create and distribute CAT reporting, including a process for tracking incurred claims against reserve indication on a monthly basis
• Monitor loss emergence against plan assumptions and provide summaries to management
• Create and distribute Monthly AvE: CAT, Large Loss and Attritional
• Develop and monitor monthly metrics to identify any trends in loss costs with a process oriented toward maintaining stable attritional LRs

Technical Knowledge and Understanding:

• Passed at least one Actuarial Exam strongly preferred
• Basic Excel experience
• Interest in insurance industry
• Knowledge of actuarial exam process
• Strong organization and communication skills
• The ability to learn, understand, and apply technical concepts
• Ownership of tasks
• Works within deadlines with guidance.
• Able to manage time and prioritize with guidance
• Adapts future behaviors based on prior mistakes
• Accepts and reacts positively to feedback
• Seeks out assistance as needed

Experience:

• Must be actively pursuing a Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field
• Demonstrate sufficient progress in understanding and applying basic actuarial principles is required
• Studying for CAS preliminary exams; may have 1-2 passed

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.

#LI-Onsite - Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. For further information about Core Specialty, please visit www.corespecialtyinsurance.com. In compliance with the Transparency in Coverage rule, issued in 2020 by US Departments of Health, Human Services, Labor and Treasury our health plan’s machine-readable files (MRFs) can be accessed via www.Cigna.com.