Actuarial Science Internship - Summer 2027

Venerable; West Chester (Chester County); Hybrid; USD 25,000 - 34,000; Full time

Benefits offered by this job

Travel stipend

Hybrid in West Chester, PA

Job summary

Venerable offers an Investments, Derivatives, & Risk Operations Actuarial Internship for Summer 2027 in West Chester, PA. The role exposes you to Asset and Derivative Operations, Derivative Controls & Reporting, Investment Data Strategy, and Vendor Risk Management.

You will work with Investment Management, Financial Risk Management, and other teams; perform data extraction and reporting tasks; and gain insight into variable annuities and risk drivers. Hybrid schedule with travel stipend provided.

Qualifications

• Solid mathematical and technical skills are required.
• Strong written and verbal communication skills; attention to detail.

Responsibilities

• Support general account and separate account operations across assets and derivatives.
• Collaborate with internal teams (Investment Management, Risk Management, Hedging, Treasury, Legal, IT).
• Assist with investment data and market data initiatives and ad hoc reporting.
• Prepare presentations or memorandums summarizing analysis and results.
• Build understanding of variable annuities and related risk drivers.

Skills

Mathematics

Data analysis

Communication

Attention to detail

Initiative

Education

GPA 3.0+

Tools

Microsoft Excel

PowerPoint

Python

R

SQL

VBA

Job description

This Investments, Derivatives, & Risk Operations ActuarialInternship 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. Specific responsibilities may include:

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, includinginternal 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 ouractuarialinternships 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.

Priorinternship or co-op experienced 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: 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.

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Venerable Values:

Every position at Venerable has responsibility for living out the company’s values as described here:

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.