Internship Actuarial

ViziRecruiter,LLC.; Lansing (MI); On-site; USD 23,000 - 45,000; Full time

Job summary

AF Group in Lansing, MI, offers an actuarial internship designed to provide hands-on experience and prepare you for a full-time actuarial opportunity. You will learn how to apply actuarial concepts, gather and analyze data, and present analysis for pricing, loss reserving, product development, capital modeling, and reinsurance.

The role emphasizes learning, confidentiality, and professional growth. Candidates should be sophomores to seniors, with a 3.0+ GPA, and be able to work full-time during

Qualifications

• Sophomore, junior or senior status as of the end of the spring term.
• Rising freshman 18+ enrolled in a vocational insurance-related program with some college credits.
• GPA 3.0+ as of the most recent grading period.
• Able to work full-time during the summer.
• Available to begin between mid-May and mid-June.
• Currently enrolled in an educational degree program aligned with our businesses.

Responsibilities

• Gathers, analyzes data and presents analysis for pricing, loss reserving, product development, capital modeling, reinsurance and/or other financial analysis.
• Updates and presents reports for pricing, loss reserving, product development or other areas of the company.
• Performs duties related to the major functional areas of our Actuarial team.
• Prepares and delivers presentations on assigned topics.
• Attends unit, departmental, and corporate meetings as assigned.
• Demonstrates learning and personal and professional growth and understanding of responsibilities.
• Gains an understanding of how company and business works.
• Shows punctuality, professionalism, and a positive attitude when completing assignments.
• Manages multiple deadlines.
• Completes miscellaneous assignments as assigned.
• Uses company software applications to complete assignments.
• Maintains confidentiality.
• This position description identifies the responsibilities and tasks typically associated with the performance of the position.

Skills

Communication

Proofreading

Math skills

Research

Project management

Discretion

Report writing

Confidentiality

Education

Education alignment

Job description

Introduction

AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company, or CompWest Insurance Company.

Overview

This internship is designed to provide practical, hands-on experience that should prepare you for a full-time actuarial opportunity while doing meaningful work for our company. You will learn how to apply actuarial concepts, gather and analyze data, and present analysis in a format appropriate for pricing, loss reserving, product development, capital modeling, reinsurance and/or other financial analysis, as well as engage in a broader array of duties and developmental opportunities.

Actual compensation decision relies on the consideration of internal equity, candidate’s skills and professional experience, geographic location, market and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $17 and $33.

Responsibilities

• Gathers, analyzes data and presents analysis in a format appropriate for pricing, loss reserving, product development, capital modeling, reinsurance and/or other financial analysis.
• Updates and presents reports for pricing, loss reserving, product development or other areas of the company.
• Performs duties related to the major functional areas of our business for our Actuarial team.
• Prepares and delivers presentation(s) on assigned topic(s).
• Attends unit, departmental, and corporate meetings as assigned.
• Shows learning and both personal and professional growth and understanding of responsibilities.
• Gains an understanding of how company and business works.
• Shows punctuality, professionalism, and a positive attitude when completing assignments.
• Manages multiple deadlines.
• Completes miscellaneous assignments as assigned.
• Uses company software applications to complete assignments.
• Maintains confidentiality.
• Responds to internal and external customer inquiries.
• This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required.

Requirements

• Have status as a sophomore, junior or senior as of the end of the spring term (or be enrolled in an applicable graduate program.)
• Have status as a rising freshman, at least 18 years-old, who is enrolled in or has completed a vocational insurance-related program, with some college credits.
• Hold a cumulative grade point average of 3.0 or better as of the most recent grading period.
• Be able to work full-time during normal business hours for this summer.
• Be available to begin employment between mid-May and mid-June.

EDUCATION OR EQUIVALENT EXPERIENCE: Currently enrolled and active in any educational degree program that aligns with our various businesses.

EXPERIENCE: With proper education credentials no experience necessary. Previous work experience preferred.

SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:

• Excellent oral and written communication skills.
• Excellent working knowledge of computers and company standard software; Internet research experience strongly preferred.
• Ability to proofread documents for spelling, grammar and punctuation.
• Ability to perform necessary mathematical computations.
• Ability to comprehend consequences of various situations and make appropriate individuals aware of same for decision making.
• Ability to exchange information clearly and concisely and to present ideas, report facts and other information.
• Ability to establish workflows, manage multiple projects and meet necessary deadlines while maintaining composure during stressful situations occurring as a result of workloads and/or deadlines.
• Ability to maintain confidentiality.

WORKING CONDITIONS:

Work is performed in an office setting with no unusual hazards.