Actuarial Intern

New Jersey Manufacturers Insurance Company • Trenton, NJ

1d

About The Position

NJM Insurance Group is looking for several dynamic, energetic interns who are eager to learn about our company by assisting various projects in the Actuarial department. As an Actuarial Intern, you will be assigned to one of the main teams in the department: Personal Auto Pricing, Property Pricing, Commercial Lines pricing, or Reserving. Project assignments vary year to year but there are several common themes: Teaches basic knowledge of Actuarial techniques and provides meaningful applications of coding languages. Involves data gathering/transformation and learning to extract insights out of data. Provides a chance to work closely with other actuaries on a day-to-day basis and gain experience in a professional setting. Offers an opportunity to communicate results to management. To be successful as an Intern, you should be willing to help with any tasks assigned by a supervisor. You will be involved in upcoming and current projects.

Requirements

• Current Sophomores and Juniors who will be rising Juniors or Seniors for the summer of 2026
• Pursuing Math, Actuarial, Statistics, Quantitative Finance, or other quantitative field
• Must have 3.0 GPA or higher, overall
• Self-directed learner with the ability to learn quickly and pursue Internship with enthusiasm and focus
• Advance skills in MS Word, Outlook, and Excel
• Ability to work well on a team or individually
• Excellent interpersonal, written, and verbal communication skills
• Willingness and ability to learn Property & Casualty Insurance
• Ability to pass an NJM pre-employment background check and drug test

Responsibilities

• Learn about the insurance industry and basic Actuarial techniques (such as extension of exposure on-leveling, loss development triangles, etc.) and applying them to solve real business problems
• Learn and heavily utilize Excel, SQL, SAS, and/or PowerBi in various projects
• Lead a pricing or reserving project, develop recommendations based on the analysis, and present findings to management and/or other departments
• Conduct research and provide ad-hoc assistance to on-going projects with other actuaries in the department

Benefits

• Lunch with our leaders
• Meaningful work where you are a contributor and collaborator
• Team Intern Project: Researching and presenting a business question to our top leaders
• Leader Presentations: Insurance Industry, Key Departments and how they work and more
• Informational interviews in areas you want to learn more about
• Night at the Trenton Thunder Game
• Volunteer events to give back to the community in which we serve
• Networking activities

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed