Actuarial Summer Intern - College Program 2027

Marsh McLennan•Edina, NY

19h•Hybrid

About The Position

We are seeking a talented individual to join our Global Analytics Advisory team at Marsh Re. This role will be based in Morristown, New York, Philadelphia, Edina, Seattle, or Atlanta. This is a hybrid role that has a requirement of working at least three days a week in the office. You will join a team of highly specialized professionals utilizing advanced quantitative skills and sophisticated modeling techniques to deliver critical insights to our clients. You will collaborate with top-tier experts to develop a comprehensive understanding of portfolio profitability, helping clients align their underwriting strategies with long-term business objectives. You will work on one or two targeted projects to advance internal initiatives, gaining industry-specific training in areas such as benchmark pricing of reinsurance contracts using actuarial methods. Additionally, you will be part of collaborative, cross-functional teams that provide strategic insights to some of the largest and most prominent insurance companies worldwide. At Marsh Re, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.

Requirements

Pursuance of bachelor’s or equivalent degree is required
Open to all majors; preference to STEM-focused majors
Knowledge of Microsoft Office Suite (PowerPoint, Excel and Word)
Good problem-solving skills and financial aptitude
Strong communication and presentation skills: an ability to translate complex technical analysis and concepts into easily understandable terms
Curious and proactive mindset: desire and ability to lead internal initiatives and research projects to completion
A collaborative, team-oriented individual with effective interpersonal skills
Strong ability to be organized and detail oriented

Nice To Haves

Relevant prior work experience is a plus
Successfully passed at least one Actuarial Exam is a plus
Interest in or progress towards completion of Casualty Actuarial Society (CAS) exams
Familiarity with programming languages/visualization tools
Experience in a technical related role at a reinsurance broker, market, or catastrophe model software vendor
Prior experience in relevant insurance / reinsurance field
An understanding of the reinsurance industry and product lines

Responsibilities

Contribute to developing an inclusive work environment that respects and values differences of background, experience, and thought
Organize and analyze client data, check data for reasonability, perform calculations utilizing actuarial methodologies, share insights with senior colleagues, and compile a coherent and compelling story to help clients understand their degree of risk
Perform basic calculations with client data to assess a range of risk exposures and predict outcomes for clients in support of the reinsurance transaction process
Assist team members with the preparation of proposal presentations for existing and prospective clients
Research industry-specific and specialty related trends that may affect reinsurance programs/calculations
Leverage our proprietary MetaRisk software suite to develop and optimize bespoke reinsurance transactions and evaluate their impact on our clients capital, growth, and volatility objectives