Actuarial Intern

AAA Life Insurance Company•Livonia, MI

About The Position

By joining AAA Life, you will have the opportunity to strengthen the name and reputation of the brand that millions have come to rely upon for financial piece of mind. We are a company dedicated to our members and our employees. We value the unique attributes and contributions of our associates to build an inclusive, collaborative and innovative workplace where all employees are engaged and feel they belong. Delivering our company’s promise to members is what drives each of our associates every day. We offer a dynamic work environment, excellent benefits, and competitive compensation] , that will allow you will exercise your potential to innovate, finding ways to increase efficiency and enhance our business processes.

Requirements

Pursuing a Bachelor’s degree in Actuarial Science, Computer Science, Mathematics, or related field
Experience with Microsoft Access and Excel
Demonstrated ability to work effectively with others
Strong verbal and written communication skills
Programming and testing in a database environment
Reviewing results for accuracy and reasonableness
Learning company operations, systems and actuarial methodologies quickly
Working to meet deadlines with limited supervision

Nice To Haves

Completion of at least one Society of Actuaries exam preferred

Responsibilities

Gain experience at an established and still rapidly-growing company
Develop a well-rounded actuarial skill and learn from accomplished and credentialed teammates
Hone technical skills by developing significant analysis and reporting on projects within one of two different teams, including: Product Development and Innovation, Valuation and Financial Reporting
Participate in a culture that promotes work/life balance and a dress-for-your-day dress code
Form relationships with actuarial manager who will promote an open line of communication to provide mentorship and training on the technical and soft skills it takes to succeed in the actuarial profession
Enjoy team-building and bonding activities with colleagues
Earn competitive compensation
Spend time in face to face meetings with executives
Understands, programs, tests, and validates data using Access, Excel or advanced programming techniques (e.g., SQL, C#, etc.)
Performs ad-hoc reporting
Reviews own work for accuracy
Uses established documentation and procedures and recommends updates where appropriate
Performs competitor studies or other related product research
Utilizes MG-ALFA actuarial software to develop financial models
Gathers data needed to develop or validate pricing assumptions
Supports the creation of models through data gathering, data validation, and grouping of assets & liabilities
Performs experience studies
Assists in the calculation and validation of statutory, GAAP, and tax reserves
Runs month-end reporting process
Gathers data for financial statement preparation
Updates and runs financial forecasting models