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Actuarial Intern

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Merchants Insurance Group

Mar 31

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • Banking & Finance
  • Buffalo

Requirements

  • Full-time, paid internship at $17.00 hourly starting May 2024 through August 2024 based on school schedule. A minimum commitment of 2-3 months is required.
  • Current student or spring 2024 graduate of an undergraduate or graduate program in Mathematics, Statistics, Computer Science, Data Science, Actuarial Science, or similar area of study with a minimum G.P.A. of 3.5+
  • Skilled in Microsoft Excel including use of pivot tables and lookup formulas
  • Strong written and verbal communication skills as demonstrated through samples of course work and summer projects / internships
  • Technical skills in SQL, R, and/or Python programming a plus
  • Previous experience with business intelligence tools such as PowerBI, Tableau and mapping tools such as ARCGIS is strongly preferred
  • Skills with other Microsoft Office tools such as PowerPoint and Word a plus
  • Strong organizational skills and attention to detail
  • Ability to work both independently and as a team in a hybrid work environment
  • Position open to candidates residing in the Buffalo area during the course of the internship
  • Preferred:
  • Current student or spring 2024 graduate of an undergraduate or graduate program in Mathematics, Statistics, Computer Science, Data Science, Actuarial Science, or similar area of study with a minimum G.P.A. of 3.5+

Responsibilities

  • Assist in building high-level key performance indicator (KPI) dashboards using the PowerBI reporting tool. Review of system generated and internally created Excel reports for prioritization and transition to Power BI. Assistance in integration of maps into Power BI reports using ESRI ArcGIS software.
  • Review of insurance competitor assumptions for inflationary trend and loss development patterns made in competitor rate filings and in competitor financial statements. This review will be used to refine Merchants insurance pricing assumptions and to benchmark Merchants performance to those of key competitors.

Merchants Insurance Group

Celebrating 105 Years! #EarningYourBusinessEveryDay

Finance
Industry
201-500
Employees
1918
Founded Year

Mission & Purpose

For more than 100 years, Merchants Insurance Group has provided quality property and casualty insurance to protect your business, home and car. Our mission is to be the property and casualty insurance company independent agents trust most to serve their valued customers. We sell our products through a network of independent insurance agents because we believe they provide policyholders with a broad range of products and insurance expertise. Merchants Insurance Group provides financial protection to policyholders in the Northeastern, Mid-Atlantic, and North Central United States. Merchants Insurance Group is comprised of Merchants Mutual Insurance Company and Merchants Preferred Insurance Company. Both companies are rated "A-"​ by the A.M. Best Company, a global credit rating company that focuses on the insurance industry. We are headquartered in Buffalo, New York and have offices in Buffalo and Hauppauge, New York; Bedford, New Hampshire; and Mt Laurel, New Jersey. Customer service, competitive rates, personalized attention and quality products make Merchants Insurance Group the insurance company of choice!