Actuarial Reserving Intern - Summer 2027

Kalepa; Chicago, Northern (IL, KY); Hybrid; USD 30,000 - 36,000; Full time

Job summary

Core Specialty Insurance is seeking an Actuarial Reserving Intern for a 12-week summer program in Chicago, IL. You will work with our actuarial team on real reserve reviews, CAT reporting, and loss-cost analytics under guidance from experienced actuaries.

Applicants are actively pursuing a degree in actuarial science or a related field, with a strong interest in insurance and exams progressing toward CAS credentials.

Qualifications

• Pursuing a Bachelor's or Master's in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• CAS preliminary exams in progress; 1–2 passed acceptable.

Responsibilities

• Perform quarterly reserve reviews to support adequate reserves.
• 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 for trends in loss costs.

Skills

Excel

Communication skills

Time management

Organization

Learning ability

Education

Bachelor’s or Master’s in Actuarial Science/Math/Stats/Economics

Job description

## Actuarial Reserving Intern - Summer 2027Apply: Chicago, IL: Full time: Posted Today: JR101547-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 cultureOur 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 passedApplicants 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