Actuarial Intern

Updated:
Mai 11, 2025 - The Actuarial Intern develops pricing recommendations and reserving projections by analyzing data and enhancing actuarial models for improved prediction accuracy. This role supports regulatory filings, and financial analysis, and collaborates across departments to assess the impact of new products and improve processes. The intern also gains hands‑on experience with data analysis, model development, and presentations to stakeholders.

Job Summary:

• Review data and clarify any queries with the client to ensure completeness and accuracy
• Maintain track of quotes and ensure timely communication to all stakeholders
• Prepare quotes using standard pricing tools and processes
• Prepare/assist with the treaty documentation process
• Collaborate with the business development team to understand clearly the client expectations and deliver quotes accordingly
• Desktop research to support the development of pricing assumptions
• Ad‑hoc data and analytical support to internal admin, UW, and claim functions
• Assist with user testing of pricing tools
• Assist with preparing data for internal MIS/reporting purposes

Skills on Resume:

• Data Analysis (Hard Skills)
• Client Communication (Soft Skills)
• Proficiency in Pricing Tools (Hard Skills)
• Attention to Detail (Soft Skills)
• Documentation Management (Hard Skills)
• Research Skills (Hard Skills)
• Analytical Support (Hard Skills)

Job Summary:

• Prepare Excel workbooks to accommodate new data
• Download data from carrier portals
• Import data into Excel workbooks
• Format reports after calculations are complete
• Assisting in closing processes, with a specific focus on improving automation and processes
• Redesign/develop existing work processes to increase efficiency and streamline data processing time
• Upgrade the design of various actuarial reports used by the team
• Ad hoc studies/tasks, such as large loss analysis, sensitivity tests on the reserves, etc
• Seek a greater level of understanding around products, sales, and policy administration
• Ask questions outside of individual projects, demonstrate intellectual curiosity

Skills on Resume:

• Data Import Skills (Hard Skills)
• Process Automation (Hard Skills)
• Workflow Redesign (Hard Skills)
• Actuarial Knowledge (Hard Skills)
• Analytical Skills (Soft Skills)
• Intellectual Curiosity (Soft Skills)

Job Summary:

• Develop pricing recommendations and/or reserving projections by performing analysis that involves retrieving, reviewing, and analyzing appropriate data and populating actuarial models
• Assist with analysis and implementation of changes to existing pricing models and/or reserving models as well as the development of enhancements to improve prediction accuracy
• Develop conclusions from data analysis and present results to stakeholders
• Perform deep‑dive data reviews that require analysis of trends, factors, and other data‑related issues to answer specific business questions
• Provide support for required filings and follow‑up questions from regulators or auditors related to pricing or reserving models
• Provide support for regulatory filings including state surveys, annual statements, supplemental healthcare exhibits, and MLR
• Assist in analyzing financial results, profitability, and forecasting
• Communicate and collaborate with internal business partners in other functional areas including product, finance, accounting, claims, IT, and senior management
• Analyze the impacts and benefits of new products and rating characteristics
• Identify and implement improvements to processes (spreadsheets, coding, etc.)

Skills on Resume:

• Pricing Analysis (Hard Skills)
• Actuarial Modeling (Hard Skills)
• Data Presentation (Hard Skills)
• Trend Analysis (Hard Skills)
• Regulatory Compliance (Hard Skills)
• Financial Analysis (Hard Skills)
• Cross‑Functional Communication (Soft Skills)
• Process Improvement (Hard Skills)