Actuarial & Risk Internship

MEMIC • Portland, ME

3d

About The Position

Do you love numbers, patterns, and figuring out how things really work behind the scenes? If so, you’re going to feel right at home with the Actuarial & Risk team. This internship puts you at the center of the models and analysis that help MEMIC understand risk, forecast the future, and make smart financial decisions. You’ll work with real data, real models, and real actuaries who are excited to help you grow.

Requirements

• Pursuing an Associate’s degree or higher
• Curiosity, analytical thinking, and a love for solving complex problems
• Comfort working with data and learning new tools
• Strong communication skills — because explaining numbers is just as important as crunching them

Responsibilities

• Supporting updates to the Actuarial Analysis System (AAS) by compiling expense provisions from current actuarial workbooks
• Assisting with enhancements to MEMIC’s Own Risk Solvency Assessment (ORSA) model by integrating economic and market data into risk models, conducting ESG (Environmental, Social & Governance) research and enhancing reporting capabilities and helping design new model functionality
• Performing loss reserve analysis across assigned states
• Selecting development factors for loss, ALAE, and ULAE
• Making initial selections of ultimate loss and expense estimates to support financial projections

What This Job Offers

• Career Level: Intern
• Education Level: Associate degree
• Number of Employees: 101-250 employees