Underwriting & Risk Summer Internship

Reliance Standard Life Insurance Company; Philadelphia (Philadelphia County); Hybrid; USD 25,000 - 30,000; Full time

Benefits offered by this job

Hybrid work arrangements

Tuition Reimbursement & Continuing Pro

Paid Time Off (PTO) – 20 days/year

Annual performance bonus

401(k) company match

Job summary

Reliance Matrix invites applications for a Summer Underwriting & Risk Management Internship in Philadelphia. The program introduces underwriting decisions, risk assessment, and analytics while supporting analytical projects for business growth and profitability.

You will assist with underwriting analysis, review data for trends, and contribute to team reporting, documentation, and process improvements. The role offers exposure to insurance products, pricing, and risk management principles, with

Qualifications

• Pursuing a degree in Risk Management, Insurance, Finance, Business, Economics, Mathematics or related field.
• Strong analytical and critical-thinking abilities.
• Attention to detail and ability to interpret data.
• Interest in insurance, risk assessment, and financial services.

Responsibilities

• Assist with underwriting analysis and research projects.
• Review data and identify trends that inform risk decisions.
• Support team reporting, documentation, and process improvement efforts.
• Gain exposure to insurance products, pricing, and risk management principles.
• Partner with underwriting professionals on real business challenges.
• Present project outcomes and recommendations to leaders at program end.

Skills

Analytical skills

Critical thinking

Attention to detail

Data interpretation

Interest in insurance

Education

Pursuing a degree in Risk Management, Insurance, Finance, Business, Economics, Mathematics

Job description

Job Responsibilities and Requirements

Building connections. Growing careers.

Summer Underwriting & Risk Management Internship

The Summer Underwriting & Risk Internship provides students with an introduction to insurance underwriting and risk assessment. Interns will learn how underwriting decisions are made, evaluate risk factors, and support analytical projects that contribute to business growth and profitability.

What You'll Do

• Assist with underwriting analysis and research projects
• Review data and identify trends that help inform risk decisions
• Support team reporting, documentation, and process improvement efforts
• Gain exposure to insurance products, pricing, and risk management principles
• Partner with underwriting professionals on real business challenges
• Present project outcomes and recommendations to leaders at the conclusion of the internship

What We're Looking For

• Pursuing a degree in Risk Management, Insurance, Finance, Business, Economics, Mathematics, or a related field
• Strong analytical and critical-thinking abilities
• Attention to detail and ability to interpret data
• Interest in insurance, risk assessment, and financial services

Why Join Us?

This internship offers the opportunity to apply classroom learning, build actuarial skills, and contribute to meaningful projects that support real business decisions. As part of Reliance Matrix’s 10-week Summer Intern Program, running from June through August, you’ll gain exposure to our business, mission, and culture through both team-based work and program-wide experiences. Interns follow Reliance Matrix’s enterprise three-day hybrid schedule, with Tuesdays and Wednesdays required in office, and should plan to participate for the full duration of the program. Along the way, you’ll join a collaborative team that values curiosity, growth, and hands‑on learning while connecting with leaders and peers across the organization. Program highlights include professional development trainings, a senior leader speaker event, a corporate charity fundraising project, Reliance Matrix Foundation events such as a Philadelphia Museum of Art trip, and networking opportunities within Tokio Marine Group.

The expected hiring range for this position is $17.68 - $21.87 hourly for work performed in the primary location (Philadelphia, PA). This expected hiring range covers only base pay and excludes any other compensation components such as commissions or incentive awards. The successful candidate’s starting base pay will be based on several factors including work location, job-related skills, experience, qualifications, and market conditions. These ranges may be modified in the future. Work location may be flexible if approved by the Company.

What We Offer

At Reliance Matrix, we believe that fostering an inclusive culture allows us to realize more of our potential. And we can’t do this without our most important asset—you. That is why we offer a competitive pay package and a range of benefits to help team members thrive in their financial, physical, and mental wellbeing.

Our Benefits:

• An annual performance bonus for all team members
• Generous 401(k) company match that is immediately vested
• A choice of three medical plans (that include prescription drug coverage) to suit your unique needs.
• For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
• Multiple options for dental and vision coverage
• Company provided Life & Disability Insurance to ensure financial protection when you need it most
• Family friendly benefits including Paid Parental Leave & Adoption Assistance
• Hybrid work arrangements for eligible roles
• Tuition Reimbursement and Continuing Professional Education
• Paid Time Off - new hires start with at least 20 days of PTO per year in addition to nine company paid holidays. As you grow with us, your PTO may increase based on your level within the company and years of service.
• Volunteer days, community partnerships, and Employee Assistance Program
• Ability to connect with colleagues around the country through our Employee Resource Group program

Our Values:

• Integrity
• Empowerment
• Compassion
• Collaboration
• Fun

EEO Statement

Reliance Matrix is an equal opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, national origin, citizenship, age or disability, or any other classification or characteristic protected by federal or state law or regulation. We assure you that your opportunity for employment depends solely on your qualifications.

#LI-Hybrid .

Reliance Matrix delivers employee benefits, absence management and workforce productivity solutions through the financial stability of a top-rated insurance carrier, the agility and innovative spirit of a Third Party Administrator (TPA), and the daily commitment of thousands of team members across America. Where larger competitors offer size, we inspire confidence and long term engagement through integration, reliability and dedication to providing customized solutions. Reliance Matrix innovates and provides technology-driven absence and benefit solutions that enable employees and employers to manage time away from work. We help employers attract and retain valuable human capital through thoughtful, inclusive benefit programs delivered with care. We bring top-tier regulatory knowledge and cutting edge technology to help optimize workforce productivity and compliance. We offer a seamless member experience customized to each individual’s need and event. We integrate our solutions and expertise with leading HR technologies to ensure accuracy, efficiency and a superior customer experience. We are a proud member of the global Tokio Marine Group, one of the oldest, largest and most respected insurance organizations in the world. In the business hierarchy, human capital is the most precious of assets. Reliance Matrix delivers comprehensive, integrated solutions and services to attract, protect and help optimize an employer’s work force in a changing, challenging world.

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