Summer Intern - Actuarial

Admiral Insurance Group (a Berkley Company); Moorestown Township (NJ); On-site; USD 25,000 - 34,000; Part time

Job summary

Admiral Insurance Group, a Berkley Company, offers a 10-week Actuarial Intern internship for rising juniors or seniors pursuing Mathematics or Actuarial Science. You will support the actuarial team with data analysis, study design, and cross-department learning.

No prior work experience is required; a GPA of 3.0+ is expected. Proficiency with Word, Excel, Outlook is needed; SQL/R/Python familiarity is a plus.

Qualifications

• Pursuing a Bachelor's degree in Mathematics, Actuarial Science, or related area.
• GPA of 3.0 or above is required.
• Rising Junior or Senior student preferred.
• Interest in practical career-related work experience in the industry.

Responsibilities

• Assist actuarial team with analysis for statistical rating studies.
• Download, manipulate, and compile data into usable formats.
• Participate in studies focusing on reserving, pricing, and profitability.
• Learn business interactions with other departments.
• Work with large data files using appropriate software.
• Perform other analyses to support business partners.

Skills

Mathematics

Statistics

Finance

Data analysis

Education

Bachelor's degree in Mathematics

Bachelor's degree in Actuarial Science

Tools

SQL

R

Python

Excel

Word/Outlook

Job description

What makes Admiral Insurance Group ADMIRABLE.

Since 1974, Admiral Insurance Group has been supporting business innovation and market growth through its wholesale-dedicated excess and surplus (E&S) lines of commercial insurance. We specialize in underwriting difficult-to-place moderate to high-risk commercial businesses that require creative solutions, outside of the box thinking, entrepreneurial spirit, and astute business knowledge. As a member of the W. R. Berkley Corporation, a Fortune 500 Company and one of the nation's premier commercial lines property casualty insurance providers, we have the resources, support, and industry data to provide exceptional service and exciting solutions for our clients and partners.

The Actuarial Intern acquires and analyzes data while assisting members of the actuarial team with various ongoing projects. Communicates with actuarial team members and managers. Participates in the decision-making process by identifying issues and recommending solutions. This is a 10-week internship. Key functions will include but are not limited to:

• Assist the actuarial team with analysis for statistical rating studies and apply advanced levels of mathematics, statistics, finance, and business to property and casualty insurance problems.
• Download, manipulate, and compile data into usable and useful formats, including programming in spreadsheets and/or databases.
• Participate in studies and projects focused on key areas of reserving, pricing, and profitability.
• Learn and observe business interactions with other departments.
• Become proficient in working with large data files using appropriate software.
• Perform other analyses as assigned to support business partners.

Education

• Pursuing a Bachelor's degree in Mathematics, Actuarial Science, or a related area.
• GPA of 3.0 and above is required.
• Rising Junior or Senior student preferred.
• Interest in enhancing classroom learning through practical career-related work experience within the industry.

Qualifications

• No related work experience required.
• Knowledge of computer programs in a Windows environment, including Word, Excel, and Outlook.
• Knowledge and practical application of statistical software (e.g., SQL, R, Python) preferred.
• Completion of one to two Actuarial Society examinations preferred.
• Basic knowledge of insurance, business, and finance preferred.