Actuarial Science Internship - Summer 2027

Venerable; Chester (Delaware County); Hybrid; USD 28,000 - 39,000; Part time

Benefits offered by this job

Hybrid work schedule in PA

Travel stipend

Actuarial exam support

Job summary

Venerable invites undergraduate students to participate in the Investments, Derivatives, & Risk Operations Actuarial Internship for summer 2027. You will support assets and derivatives operations, work with internal teams, and partner with external providers to ensure smooth operations.

The role involves investment data projects, data analysis, and potential quantitative work. The internship offers a hybrid schedule with in-office days in West Chester, PA, plus remote work, and includes

Qualifications

• Solid mathematical and technical skills in actuarial contexts.
• Strong written and verbal communication abilities; attention to detail.
• GPA of 3.0 or higher; prior internship or co-op experience preferred but not required.

Responsibilities

• Support general account and separate account operations across assets and derivatives.
• Collaborate with investment managers, derivative services providers, and external vendors.
• Assist with investment data and market data initiatives and data analysis.

Skills

Mathematical skills

Technical skills

Communication skills

Microsoft Office

Programming languages exposure

Education

Actuarial Science

Mathematics

Statistics

Data Science

Economics

Tools

R

Python

VBA

SQL

Job description

Investments, Derivatives, & Risk Operations Actuarial Internship

This Internship will be open for summer of 2027. As an Intern, you will have an opportunity to support and gain exposure to several areas across the department including Asset and Derivative Operations, Derivative Controls & Reporting, Investment Data Strategy & Management, and Vendor Risk Management.

• Supporting general account and separate account-related operational activities across the assets and derivatives backing Venerable’s portfolios by working with internal resources across the organization, including Investment Management, Financial Risk Management, Corporate Risk Management, Hedging, Treasury, Investment Accounting, Legal, and IT.


• Partnering with external providers such as investment managers, derivative services providers, bank counterparties, and other external vendors to operationally support Venerable’s assets and derivatives.


• Assisting with investment data and market data initiatives across Risk and Finance, including using data analysis tools to summarize data extracts, to organize data at varying levels, and to interpret trends in data for various purposes such as reporting across assets, and/or derivatives.


• Aiding with ongoing investment data management efforts, including internal database maintenance, data integrity, business analysis, as well as ad hoc reporting.


• This may also include assisting with quantitative analysis, and improving processes and/or documentation.


• Developing presentations or memorandums to summarize analysis and results for various internal or external audiences.


• Building an understanding of variable annuities, their key risk drivers, and the assets and derivatives backing these products.

Qualifications: Candidates applying to our actuarial internships are expected to have solid mathematical and technical skills, strong written and verbal communication skills, and display personal initiative as well as attention to detail. Prior internship or co-op experience preferred but not required. Experience with Microsoft Office (Word, Excel, PowerPoint) and exposure to additional programming languages (R, Python, VBA, SQL) a plus. GPA of 3.0 or higher.

Preferred Majors

• Actuarial Science


• Mathematics


• Statistics


• Data Science


• Economics or other related majors

Competitive pay, study hours, and financial support for pursuit of actuarial exams is included. Other: No housing provided, but Venerable offers travel stipend. Hybrid work schedule whereby Venerable is currently in the office in West Chester, PA 3 days a week and then work from home 2 days a week.

Please note, this internship is not open to students who require sponsorship for U.S. work authorization now or in the future.

Venerable Values

• We are Courageous - We think critically, ask \"why?\" and seek out creative solutions.


• We are Curious - We take calculated risks, learn from our 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.

Competitive Compensation, Benefits, Current Hybrid Work Schedule and a Generous PTO Package!

About Venerable

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.