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About the Role
As an Actuarial Intern, you'll work alongside experienced professionals, gain exposure to the dynamic world of reinsurance and contribute to solutions that help clients navigate an increasingly complex risk landscape. This immersive experience is designed to help you bridge the gap between the classroom and the real world of reinsurance.
Responsibilities
- Work on business-critical projects with measurable impact
- Partner with experienced actuaries and actuarial associates
- Learn directly from industry leaders and senior executives
- Collaborate with fellow interns on a capstone project
- Gain exposure to multiple actuarial functions across the organization
- Build the technical and professional skills that will help accelerate your actuarial career
- Support experience studies across Life, Longevity, and Long-Term Care business lines
- Analyze mortality and persistency trends affecting insurers and consumers
- Explore demographic and population-level insights shaping the future of the industry
- Work with large datasets to identify emerging patterns and risks
- Contribute to quote reviews and research initiatives that support client solutions
- Help develop assumptions used in policy liability calculations
- Support financial reporting for US Life & Health business
- Build and maintain complex actuarial models
- Analyze regulatory developments and their business implications
- Collaborate across functions to solve complex business challenges
- Evaluate profitability of new and existing business opportunities
- Analyze the impact of assumptions, product design, and market trends
- Develop client-focused solutions and growth strategies
- Build pricing and projection models
- Conduct market research and support reinsurance quotations
- Contribute to high-impact transactions and innovative product solutions
Requirements
- Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing
- Successful completion of one SOA exam (with two or more preferred)
- Excellent communication skills – spoken & written, formal/informal presentation
- Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance
- Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment
- Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive
- Proficient Microsoft Excel skills
- Preference for candidates who have relevant work experience (in actuarial, insurance, or financial services desired)
Skills
- Actuarial Science
- Math
- Statistics
- Risk Management
- Communication skills
- Microsoft Excel
Location
- New York, NY
Work Type
- Hybrid
Experience Level
- Internship
Education Level
- Undergraduate degree
- Master's degree
Salary/Compensations
- $30 - $35 per hour
About the Company
- Munich Re is the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe.
- We introduce a paradigm shift in the way you think about insurance.
- By turning uncertainty into manageable risk, we enable fundamental change.
- We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.
- We dare to think big and are continuously innovating on behalf of our clients.
- Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.
- We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.
Equal Opportunity
- We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.