Actuarial Trainee- 2027 Graduate Development Program

Summit Consulting; Town of Richfield (WI); Hybrid; USD 52,000 - 76,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Wellness plans

Parental leave

Tuition reimbursement

Paid time off

401(k) with company match

Employee stock purchase plan

Commuter benefits

Job summary

National Interstate Insurance Company is seeking an entry-level Actuarial Analyst for its Richfield, OH area. The role emphasizes learning actuarial techniques, getting acquainted with company operations, and updating pricing and reserving analyses as you grow.

You will prepare for the first actuarial exam and may be encouraged to pass at least one exam while developing skills in Excel and actuarial software within a structured graduate program.

Qualifications

• Education: Bachelor's degree or equivalent.
• Field of Study: Actuarial Science, Mathematics, Statistics, Computer Science, or a related discipline.
• Experience: Generally, 0 to 6 months of related experience.
• Prepare to sit for 1st Actuarial Exam.
• Preferred at least 1 exam to be passed.

Responsibilities

• Learns various actuarial techniques and procedures.
• Becomes familiar with company operations, systems, and actuarial methodologies.
• Updates data in established pricing and reserving analyses.
• Becomes familiar with basic statistical techniques.
• Improves upon basic knowledge in Excel and introduced to programming and other actuarial software.
• Performs other duties as assigned.

Skills

Actuarial techniques

Excel proficiency

Statistical methods

Programming introduction

Education

Bachelor's degree or equivalent

Tools

Actuarial software

Pricing and reserving systems

Job description

National Interstate was founded in 1989 and is a member of Great American Insurance Group. As one of the leading commercial transportation insurers in the nation, we offer risk financing solutions in all 50 states tailored to meet the needs of a wide variety of transportation classes. Our offerings include traditional insurance and innovative alternative risk transfer (ART) programs, including more than a dozen group captive programs catering to niche wheels markets. We are proud to be a multiple Northcoast 99 winner and Cleveland Plain Dealer Top Workplace in Northeast Ohio. It is because of our talented and dedicated team that we are able to live out our company values of integrity, transparency, fairness, accountability, empowerment and collaboration with each transaction we make. At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

National Interstate has specialized in serving the insurance needs of the wheels-based transportation industry. Our steadfast focus on developing niche expertise in product design, loss control and claim services has made National Interstate one of the most respected names in commercial transportation insurance today.

The role will be expected to work in the Richfield, Ohio office. National Interstate's culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. Core in-office days are Tuesday-Thursday, with the fourth day determined by business needs.

National Interstate and Vanliner's Graduate Development Program, Ignition Ignition, National Interstate's Graduate Development Program, is a month-long cohort that equips recent graduates with a comprehensive understanding of our business through a blend of instructor-led, self-paced, and hands-on training. Participants gain a strong understanding of our business model, value proposition, and how individual roles impact the organization while becoming immersed in our company culture. Through expert-led sessions, this program explores cross-functional areas, develops key professional skills, and strengthens relationships through team-building and social activities. The program is taking place in June 2027.

Essential Job Functions and Responsibilities

• Learns various actuarial techniques and procedures.
• Becomes familiar with company operations, systems, and actuarial methodologies.
• Updates data in established pricing and reserving analyses.
• Becomes familiar with basic statistical techniques.
• Improves upon basic knowledge in Excel and introduced to programming and other actuarial software.
• Performs other duties as assigned.

Job Requirements

• Education: Bachelor's degree or equivalent.
• Field of Study: Actuarial Science, Mathematics, Statistics, Computer Science, or a related discipline.
• Experience: Generally, 0 to 6 months of related experience.
• Prepare to sit for 1st Actuarial Exam.
• Preferred at least 1 exam to be passed.
• Company: NIIC National Interstate Insurance Company.

Benefits

• We offer competitive benefits packages for full-time and part-time employees*.
• Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement.
• Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
• Compensation varies by role, level, and location and is influenced by skills, experience, and business needs.
• Your recruiter will provide details about benefits and specific compensation ranges during the hiring process.

*Excludes seasonal employees and interns.

National Interstate Insurance Company, and our wholly owned subsidiary, Vanliner Insurance Company, are proud members of Great American Insurance Group. We provide highly innovative insurance solutions and world-class customer service for a variety of commercial transportation industries. Our success is a reflection of our highly motivated team of employees.

Learn more at http://www.gaig.com/careers.