Actuarial R&d Co-op

6 months ago

Toronto, Canada The Travelers Companies, Inc. Full time

Who Are We?

- Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

- Job Category
Actuarial, Data Analytics
Target Openings
1
What Is the Opportunity?
Company Information:
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Summary:
Primary Job Duties & Responsibilities:
Each intern will be expected to complete challenging and meaningful project work over the course of this program. Duties may include:

- Using software such as SAS, Python, and Excel to produce analyses
- Data preparation, validation, and reconciliation
- Creation of various statistical models. Eg’s: GLM, GAM, GBM
- Communicating results to managers
- Managing multiple projects simultaneously
- Working with R&D and actuarial colleagues from other business areas
- Supporting implementation of rate changes, product enhancements and testing controls

Minimum Qualifications:
Education, Work Experience & Knowledge:
Because the Actuary Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.

For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice.

Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their penultimate year is preferred.

Targeted Majors:
Actuarial Science, Mathematics, Computer Science, Economics, Statistics or equivalent.

Licensing or Certificates:
Job Specific & Technical Skills & Competencies:
Strong academic record

Strong verbal communication skills

Commitment to passing actuarial examinations

Skilled independent problem solver

Self-motivated team player

Detail oriented

Proficiency with Microsoft Excel

Knowledge of Microsoft Access, VBA or SAS considered an asset

Prior actuarial experience considered an asset

Legally eligible to work in Canada.
What Is in It for You?
- Health Insurance: Employees and their eligible family members - including spouses, partners, and children - are eligible for coverage from the first day of employment.
- Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
- Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

so we may assist you.

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