Actuarial Internship (Summer 2023)

Actuarial Zionsville, Indiana


Description

Position at Group1001

Group1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Group1001 is looking for a college student to join us as an Actuarial Intern in our Actuarial Department.

This position will report to a Director in the Actuarial team.

Main Accountabilities

  • Input data and assumptions into and analysis of results from company actuarial models used for various modeling purposes.
  • Set up the actuarial models and run them in a production environment.
  • Produce model reports and analyze the results in support of management and regulatory needs.
  • Work to enhance existing processes to improve the quality and efficiency of information gathering and flow.
  • Ensure adequate controls over actuarial processes.
  • Perform peer reviews of reports and output.
  • Collaborate with individuals throughout the organization, with an emphasis on model efficiency and effectiveness. This is expected to include in-person work in our home office on a hybrid basis.
  • Participate in special projects as needed.
  • Continue progress towards professional designation through company supported Actuarial Student Program.

Qualifications

  • Currently pursuing a Bachelor’s degree in actuarial science, finance, economics, math, physics, engineering or related field.
  • At least one actuarial exam passed
  • Strong analytical skills
  • Exposure to financial modeling
  • Strong communication skills
  • Strong time and project management skills
  • Excellent organizational skills
  • Proficiency in Excel (including VBA) and exposure to a database tools (Microsoft Access, SQL, etc.)