Actuarial Intern

Berkley • Chicago, IL

5d

About The Position

Join our team as an Actuarial Intern and gain hands-on experience in the field of actuarial science. Our team is small, but you will work closely and report to our Senior Actuarial Analyst in Chicago while also gaining exposure to our Chief Actuary and other disciplines within Berkley Fire and Marine, contributing to various projects that impact our business and clients. Interns are provided with the opportunity to work on innovative projects and gain experience through various departments: including underwriting, claims, operations and actuarial.
The Berkley Fire and Marine 10-week framework ensures that interns not only get a comprehensive understanding of our insurance operations but also feel engaged and prepared to contribute effectively to their future careers.

Requirements

• Must be enrolled in accredited University pursuing a bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field and have completed 50 hours of credit toward graduation.
• Must be able to work independently in an entrepreneurial environment.
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel and other statistical software.
• Excellent communication and teamwork abilities.
• Eagerness to learn and apply new concepts in a professional setting
• Must be available to commit to a 10-week internship (work hours: 3-4 days a week)

Responsibilities

• Assist in data collection, analysis, and interpretation to support actuarial projects.
• Learn and help execute the monthly price monitoring and reserving process for Berkley Fire and Marine.
• Prepare summary level reports to ensure understanding of the process
• Prepare rate indications for one of our niche books with summary level findings
• Support the development and maintenance of actuarial models and databases
• Collaborate with team members to enhance efficiency and development of new actuarial methods
• Learn the specialty inland marine market from the various other disciplines which sit in the Chicago office and gain exposure to other operating units within the WR Berkley umbrella

What This Job Offers

• Career Level: Intern
• Number of Employees: 5,001-10,000 employees