Intern, Product Actuarial

Encova Mutual Insurance Group.; Charleston (WV); Hybrid; USD 26,000 - 34,000; Full time

Benefits offered by this job

Hybrid schedule

Summer internship program

Job summary

Encova Insurance in Charleston, WV seeks a Product Actuarial Intern for Summer 2027. This full-time internship requires 40 hours per week and offers a hybrid schedule with in-office days each week. Must be enrolled with 60+ credits completed.

Pay is $22.00 per hour. You will assist with pricing, analytics, and profitability reporting, gaining exposure to large accounts and real-world projects within the Product Actuarial team.

Qualifications

• Currently enrolled with at least 60 credit hours completed.
• Pursuing a degree in Actuarial Science, Statistics, Mathematics, or related field.
• Strong Excel and Microsoft Office skills.

Responsibilities

• Validate large account pricing models for underwriters.
• Provide pricing indications on large accounts under guidance.
• Maintain and expand management reports and analytics.
• Field routine service and research requests.

Skills

Excel

Communication

Teamwork

Detail-oriented

Multi-tasking

Education

Pursuing a degree (Actuarial Science / Statistics / Mathematics)

Tools

Microsoft Excel

Job description

Encova Insurance will have a need for an Intern, Product Actuarial for our Charleston, WV office. This is a full-time summer internship for summer 2027 and will require someone who can work at least 40 hours per week. Start and end dates will be based on availability and business need. You will work a hybrid schedule with days in office each week.

Must be currently enrolled and have completed at least 60 credit hours with an accredited college or university. Pay=$22.00 per hour.

Encova Insurance has again been recognized as a RISE Elite Top 50 internship program, making this our sixth year in a row! Rising Insurance Star Executives (RISE) is the voice of young professionals who are looking for ways to share their innovative ideas and spread a new message about who the insurance industry is. As an intern at Encova Insurance you will be part of a dynamic, results-driven team and learn to manage real world situations alongside Encova associates. Our successful internship program attracts students from across our region and our diverse opportunities ensure that our interns are provided with a wide range of learning possibilities!

Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes: Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

JOB OBJECTIVE: The Product Actuarial Intern will perform tasks, projects and research in support of areas including pricing, underwriting, data analytics, and profitability reporting. This position’s objective is to provide meaningful and impactful support to the product actuarial unit and business teams.

ESSENTIAL FUNCTIONS:

• Perform validation of large account pricing models for large account underwriters.
• Assist Product Actuarial unit in providing pricing indications on individual large accounts.
• Assist in execution, maintenance, and expansion of management reports and analytics under direction of the Product Actuarial staff.
• Field routine service and research project requests.

OTHER FUNCTIONS:

• Other tasks as assigned.

KNOWLEDGE, SKILLS AND ABILITIES:

• Must be currently enrolled and have completed at least 60 credit hours with an accredited college or university.
• Must be actively enrolled and pursuing a degree.
• Preference may be given to Actuarial Science, Statistics, Mathematics, or other math related major.
• Proficient in Excel and other Microsoft applications.
• Ability to communicate complex topics to diverse audiences.
• Responsiveness to customer needs.
• Ability to work well with others from various departments and technical backgrounds.
• Ability to multi-task.
• Must be detailed oriented.
• This position has been evaluated in accordance with the Americans with Disabilities Act.
• Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it.
• This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position.
• Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.

What you can expect from us

• Competitive compensation
• An introduction to the insurance industry through authentic work experiences
• Networking opportunities with industry professionals
• Flexible start and end dates
• Community involvement and volunteer opportunities
• Through our collaborative team structure, we find professional and personal growth.
• We never stop learning and always seek to improve ourselves.
• Our commitment to growth makes us a winning organization and an ideal place for interns.

Encova Insurance is an EOE/E-Verify employer. #LI-Hybrid#LI-LP1

At Encova our associates are the heart of our business. Our exceptional culture makes it a special place to work and gives us a unique advantage. Building and sustaining this culture requires intentional effort from everyone in the company. We believe that achieving results and building trust are interrelated. Through connection, character and competence, we build trusting relationships with associates, agents and policyholders to achieve excellent results. Through our collaborative team structure we find professional and personal growth. We never stop learning and always seek to improve ourselves. At Encova, we know that inclusion and belonging foster our competitive edge by giving voice to every individual’s unique talent and perspective; and we believe that when a condition of equity exists, all associates can contribute to the fullest extent of their knowledge, skills and ability.