Actuarial Intern

14 hours 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

- Target Openings
4


- 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:
The Actuary Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.

There are four roles available - one each for:
Actuarial Research and Development (R&D)

Business Pricing

Personal Insurance Pricing

Actuarial Reserving

Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ insurance knowledge.

Duties may include:

- Data preparation, validation, reconciliation and analysis of premium, claims and other data
- Using software such as SAS, MS Access and Excel to produce analyses
- Communicating results with finance and/or the business and securing their buy in
- Managing multiple projects simultaneously
- Developing product knowledge
- Analyzing and assisting with property and auto rate level indications
- Testing of new rate systems
- Working with actuarial colleagues from other business areas
- Participating in rate filing preparations
- Supporting implementation of rate changes, product enhancements and testing controls

Level Differentiation:
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.

- 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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