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About the Role
The Corporate Reserving Actuarial Intern will work closely with other Actuarial Analysts and Actuaries within their respective teams, as well as with other key individuals across the department. Through hands-on reserving work, the intern will build an understanding of reinsurance fundamentals and the various functions of a reserving department. The intern will also strengthen their analytical, data visualization, communication, and presentation skills by supporting quarterly monitoring activities and completing an actuarial reserving project.
Responsibilities
- Support segment-level reserving analyses, including technical checks of actuarial analyses, large-loss research, and loss development pattern selections.
- Assist with the development of quarterly monitoring analyses and presentations.
- Work closely with an Actuary on a reserving project and collaborate with Actuarial Analysts, Actuaries, and other key individuals across the department.
- Analyze and visualize data to communicate findings clearly and support management decision-making.
- Deliver an end-of-internship presentation to the department.
Requirements
- Open to all undergraduate and graduate students.
- Applicants must be authorized to work in the United States on a permanent basis without requiring employer sponsorship.
- At this time, we are unable to consider intern candidates who will need current or future sponsorship, including sponsorship related to Optional Practical Training (OPT) or Curricular Practical Training (CPT).
- Successful completion of one CAS/SOA actuarial exam is preferred.
- Excellent written and verbal communication skills, including formal and informal presentation skills.
- Demonstrated leadership qualities, including clear thinking, curiosity, integrity, and drive.
- Enthusiasm for learning and an interest in the P&C reinsurance industry.
- Enthusiasm about learning new knowledge and working in the reinsurance industry.
Skills
- Actuarial Science
- Data Science/Analytics
- Economics
- Mathematics
- Risk Management
- Statistics
- Accounting
- Chemistry
- Computer Science
- Engineering
- Law
- Physics
- STEM
- Microsoft Excel
Location
- Princeton, NJ
- New York City, NY
- New York, NY
Work Type
- Internship
- Summer
Experience Level
- Intern
Education Level
- Undergraduate
- Graduate
Salary/Compensations
- $20.00-$33.00 per hour
About the Company
- Munich Re interns are treated as valued members of the team.
- The internship program offers the opportunity to work on meaningful projects, collaborate with experienced professionals, connect with senior leaders, and gain hands-on experience.
- Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US Property and Casualty (P&C) companies and other group entities.
- As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand.
- Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
Equal Opportunity
- We are an equal opportunity employer.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us.
- Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work.
- We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day.
- We recruit and develop talent with a focus on providing our customers the most innovative products and services.