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2025 Risk Modeling Intern

  • Internship
    Full-time
    Summer Internship
  • Data
  • New York
  • Quick Apply

AI generated summary

  • You should be pursuing a relevant degree, have strong analytical skills, be proficient in Excel, and preferably know SAS, Python, or VBA. Be ready to take ownership and work independently.
  • You will assist in liability modeling, identify risks, enhance production infrastructure, automate reporting, conduct validations, and collaborate with various teams.

Requirements

  • Pursuing a bachelor's/master's degree in a quantitative discipline such as Actuarial Science, Statistics, Mathematics, Computer Science with a graduation date of December 2025 or May 2026
  • Exceptional analytical abilities and the eagerness to learn
  • Demonstrated skills in Microsoft Office suite, specifically Excel
  • Experience with SAS, Python, VBA or other programming preferred
  • Ability and willingness to take ownership of projects
  • Ability to work independently and excel in a dynamic, exciting, and fast-paced environment

Responsibilities

  • Assist and get exposure to liability modeling in R3S (formerly known as IBM's Algo Financial Modeler) for building out liability models for new products or new institutional deals
  • Help with identifying risks embedded in different liabilities by stressing insurance / liability assumptions
  • Assist enhancement of the risk modelling's production infrastructure and help automate the production reporting
  • Conduct static and dynamic validations
  • Collaborate both with the Actuarial, Product Development, Institutional business

FAQs

What is the duration of the internship?

The internship lasts for 10 weeks during the summer.

What is the location of the internship?

The internship is based in New York, specifically in Hudson Yards.

What are the educational requirements for the internship?

Candidates must be pursuing a bachelor's or master's degree in a quantitative discipline such as Actuarial Science, Statistics, Mathematics, or Computer Science, with a graduation date of December 2025 or May 2026.

What programming skills are preferred for this internship?

Experience with SAS, Python, VBA, or other programming languages is preferred.

Is this internship paid?

Yes, the internship salary is $110,000 for the 10-week program.

What types of projects will the intern be working on?

The intern will assist with liability modeling, identify risks in liabilities, enhance production infrastructure, conduct validations, and collaborate with other teams.

Are there any benefits offered to interns?

Yes, the company offers an intern cash stipend, employee contributions to a 401(k), a company match on contributions, and branded gifts.

Is visa sponsorship available for this position?

No, this position is not eligible for visa candidates, either now or in the future.

What type of environment can interns expect during the program?

Interns can expect an immersive and inclusive environment with opportunities for professional development and social events.

What is Global Atlantic’s stance on diversity and inclusion?

Global Atlantic is committed to creating an inclusive environment and is an equal opportunity employer, striving to include all backgrounds and experiences.

A leading retirement and life insurance company.

Finance
Industry
1001-5000
Employees

Mission & Purpose

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR). Global Atlantic offers employees the unique opportunity to work in a fast-paced, collaborative working environment that rewards performance. The Company’s unique entrepreneurial culture encourages all employees to assume significant levels of responsibility. Global Atlantic invests in its people because it believes they are critical to the long term success of its business.