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Actuarial Intern

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CRC Insurance Services

Apr 1

Applications are closed

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

Requirements

  • Knowledge:
  • Understanding of Insurance Products
  • Understanding of Reinsurance would be an asset
  • Understanding of Life Contingencies is an asset
  • Understanding of Linear Regression is an asset
  • High-level knowledge of insurance, reinsurance or life contingencies is preferred
  • Skills:
  • Experience with Moody’s AXIS preferred
  • Experience in either R, Python or other mathematical/statistical programming languages would be an asset
  • Good communication skills (oral and written)
  • Strong analytical and problem-solving skills
  • A self-starter with strong collaboration skills who can work over MS teams and other remote technology effectively
  • Proficient in MS-Office tools, especially MS-Excel
  • Previous Experience:
  • Previous co-op or summer work term(s) preferred

Responsibilities

  • Moody’s AXIS Modeling:
  • Update and maintain AXIS models with assumption changes and model enhancements
  • Assist in building new models for the purpose of Pricing, Cashflow Testing, or Inforce Production
  • Experience Analysis:
  • Data analysis for historical lapse studies
  • Data analysis for historical mortality studies
  • Projection of historical mortality to estimate future mortality improvement (bilinear regression modeling)
  • Data Quality Review:
  • Reconciliation and evaluation of data within databases
  • Coordinate with external systems to integrate outputs/inputs of AXIS with databases
  • Potential Ad Hoc Requests:
  • Automation of tasks within Excel and other statistical/data manipulations tasks not mentioned
  • Assist with various group reinsurance projects.
  • Education:
  • Enrolled in an accredited Actuarial Science or similar program with actuarial exam experience
  • Completion of at least three years is preferred
  • Completion of at least two SOA exams preferred

CRC Insurance Services

Placing You First.

Finance
Industry
1001-5000
Employees
1982
Founded Year

Mission & Purpose

CRC Group is one of the largest wholesale insurance distributors in the U.S. CRC Group consists of three divisions, Commercial Solutions, Group & Individual Solutions, and Specialty Programs. The CRC Group family of brands includes CRC, TAPCO, Insurisk, CRC Programs, 5Star, The ABC Program, Negley, Professional Insurance Concepts, Pro-Praxis, SHU, Target, JH Blades, CRC Voluntary Benefits, Ethos Underwriting Services, and Hanleigh. CRC Group’s insurance offerings and practice groups range from commercial property, casualty, professional lines, small business, transportation, environmental, construction, energy, healthcare, hospitality, manufacturing & distribution, public entity, and real estate, to personal lines, disability, voluntary benefits, and more. CRC Group has the largest collection of actionable data in the wholesale business and we are putting it to use to consistently deliver better outcomes and more efficient results for our clients. We leverage data to provide a better client experience through limits benchmarking reports, amendatory endorsements, comparison tools, form review library, and property risk assessment reports. We have unveiled the REDY platform, which uses data and analytics to help clients win. In addition, we offer products exclusively available from CRC Group through our Insurisk brand. Our Claims Advocacy team is another way we strive to enhance the client experience, our dedicated team is ready to assist even after the policy is placed, we are here to help in the event of a difficult claim, as well. These are just some of the ways CRC Group is placing you first.