Corporate Reserving Actuarial Intern

Munich Re • Princeton, NJ

11d • $20 - $33 • Hybrid

About The Position

The Corporate Reserving Actuarial Intern will work closely with other Actuarial Analysts and Actuaries within their respective teams, as well as with other key individuals across the department. Through hands-on reserving work, the intern will build an understanding of reinsurance fundamentals and the various functions of a reserving department. The intern will also strengthen their analytical, data visualization, communication, and presentation skills by supporting quarterly monitoring activities and completing an actuarial reserving project. This internship is being offered in Princeton, NJ or New York City, NY. Applicants must be authorized to work in the United States on a permanent basis without requiring employer sponsorship. At this time, we are unable to consider intern candidates who will need current or future sponsorship, including sponsorship related to Optional Practical Training (OPT) or Curricular Practical Training (CPT).

Requirements

• Open to all undergraduate and graduate students
• Preferred majors: Actuarial Science, Data Science/Analytics, Economics, Mathematics, Risk Management, Statistics. Also accepting: Accounting, Chemistry, Computer Science, Engineering, Law, Physics or any other STEM major
• Successful completion of one CAS/SOA actuarial exam is preferred.
• Excellent written and verbal communication skills, including formal and informal presentation skills.
• Demonstrated leadership qualities, including clear thinking, curiosity, integrity, and drive.
• Enthusiasm for learning and an interest in the P&C reinsurance industry.
• Enthusiasm about learning new knowledge and working in the reinsurance industry.
• Proficient Microsoft Excel skills.
• Applicants must be authorized to work in the United States on a permanent basis without requiring employer sponsorship. At this time, we are unable to consider intern candidates who will need current or future sponsorship, including sponsorship related to Optional Practical Training (OPT) or Curricular Practical Training (CPT).

Responsibilities

• Support segment-level reserving analyses, including technical checks of actuarial analyses, large-loss research, and loss development pattern selections.
• Assist with the development of quarterly monitoring analyses and presentations.
• Work closely with an Actuary on a reserving project and collaborate with Actuarial Analysts, Actuaries, and other key individuals across the department.
• Analyze and visualize data to communicate findings clearly and support management decision-making.
• Deliver an end-of-internship presentation to the department.

Benefits

• The pay has a base range of $20.00-$33.00 per hour.
• Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us.
• Inclusive culture and a workforce that reflects the customers we serve and the communities in which we live and work.
• A workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day.
• Recruit and develop talent with a focus on providing our customers the most innovative products and services.
• Equal opportunity employer.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

What This Job Offers

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