2027 Summer Internship (Actuarial)
Palomar•Edina, MN
•Hybrid
About The Position
Provides Actuarial College Students with a unique opportunity to gain hands-on experience with exploring a career in the Property & Casualty insurance industry. Summer Interns will receive training on insurance and actuarial concepts, then apply these concepts on meaningful projects. Throughout the summer, Interns will learn how the Actuarial team interacts with other departments and contributes to the success of the company. The program runs from June to August.
Requirements
- Must be at least 18 years of age.
- Currently enrolled as an undergraduate (junior or senior year), a graduate student, pursuing a degree at an accredited college or university (preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance)
- Minimum of 8 weeks availability to join the program with the opportunity to expand to 10 weeks.
- Have a passion to grow in a specific department.
- Have maintained an exceptional grade point average in college.
- Hybrid Work Environment - Ability to work in the office and from your home.
- Ability to work in the office for a minimum of 3 days per week.
Nice To Haves
- Preference of having passed at least 1 actuarial exam.
- Build strong relationships through transparency, trust, and respect for each other.
- Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
- Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
- Do the right thing with strong conviction and integrity.
- Be bold and innovative to help make an impact.
- Be intellectually curious, think creatively, and pragmatic
Responsibilities
- Assessing the adequacy of the company’s loss reserves
- Projecting profitability generated by the company's products
- Quantifying the company's risk exposure and proposing ways to minimize risk
- Performing actuarial/market research and statistical analyses
- Creation of tools and/or reports
- Collaboration with fellow Palomar Interns and Team Members
- Hands on experience within the department
- Leadership guidance and career growth
- Present an overview of their Internship Project(s) at the end of the Program
Benefits
- Competitive annual discretionary bonus program
- Opportunity for annual long-term incentive stock grants
- Highly competitive benefits package
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What This Job Offers
Career Level
Intern
