Actuarial Intern, US Life (2027 Summer - New York)

Munich Re Careers•New York, NY

6d•$30 - $35•Hybrid

About The Position

Munich Re offers an opportunity for passionate individuals to make an impact from day one as an Actuarial Intern. This role provides exposure to the dynamic world of reinsurance, working alongside experienced professionals to contribute to solutions that help clients navigate complex risks. As the world's leading reinsurance company, Munich Re is committed to innovation and fostering a culture that values diversity, inclusion, and belonging. The Actuarial Internship Program is an immersive experience designed to bridge the gap between academic learning and the practical application of reinsurance. Over the summer, interns will work on business-critical projects, partner with experienced actuaries, learn from industry leaders, collaborate on a capstone project with fellow interns, and gain exposure to multiple actuarial functions. The goal is to build technical and professional skills to accelerate an actuarial career. The role requires relocation to the greater New York area and adherence to a hybrid working model, with at least three days a week in the office to facilitate networking, skill development, and cultural immersion. This policy is subject to change based on business requirements. Throughout the internship, interns will collaborate closely with Actuarial Associates and Actuaries within their departments and with other key individuals across the organization. Departmental placements will be determined closer to the start date based on internal business needs. The immersive program includes exposure to all actuarial departments and culminates in a capstone project with other summer interns. Placement opportunities span various departments, including Biometric Research, Corporate Actuarial, and Pricing (covering Individual Life Flow, Inforce & M&A, Alternative Solutions, Group, Living Benefits, and Financial Reinsurance).

Requirements

Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing
Successful completion of one SOA exam (with two or more preferred)
Excellent communication skills – spoken & written, formal/informal presentation
Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance
Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment
Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive
Proficient Microsoft Excel skills

Nice To Haves

Relevant work experience (in actuarial, insurance, or financial services desired)

Responsibilities

Work on business-critical projects with measurable impact
Partner with experienced actuaries and actuarial associates
Learn directly from industry leaders and senior executives
Collaborate with fellow interns on a capstone project
Gain exposure to multiple actuarial functions across the organization
Build the technical and professional skills that will help accelerate your actuarial career
Support experience studies across Life, Longevity, and Long-Term Care business lines
Analyze mortality and persistency trends affecting insurers and consumers
Explore demographic and population-level insights shaping the future of the industry
Work with large datasets to identify emerging patterns and risks
Contribute to quote reviews and research initiatives that support client solutions
Help develop assumptions used in policy liability calculations
Support financial reporting for US Life & Health business
Build and maintain complex actuarial models
Analyze regulatory developments and their business implications
Collaborate across functions to solve complex business challenges
Evaluate profitability of new and existing business opportunities
Analyze the impact of assumptions, product design, and market trends
Develop client-focused solutions and growth strategies
Build pricing and projection models
Conduct market research and support reinsurance quotations
Contribute to high-impact transactions and innovative product solutions