Logo of Huzzle

Internship

Actuarial Intern

Logo of Milliman

Milliman

•

2mo ago

🚀 Summer Internship

New York

đź’» Remote
⌛ Closed
Applications are closed

Summer Internship

Banking & Finance•New York

Description

  • The NY/NJ Life office of Milliman provides consulting services to a broad array of clients in the life insurance and financial services industries. We are looking for a self-motivated actuarial student to work closely with consulting actuaries on a variety of projects, such as actuarial due diligence, actuarial modeling in MG-ALFA, and analysis of life insurance blocks. This position provides excellent opportunities for professional development and on-the-job learning. While the job location is remote, a remote candidate will be expected to work in the NYC office from time to time.

Requirements

  • Professional Qualifications:
  • Obtaining a Bachelor’s degree in actuarial science, mathematics/statistics, or another related field.
  • Prior experience in an actuarial role (particularly if related to onshore/offshore reinsurance).
  • Prior experience with deal modeling (e.g., spreadsheet modeling of potential reinsurance transactions).
  • Introductory knowledge of non-U.S. insurance regulations (Bermuda, Cayman Islands).
  • Passed at least four actuarial exams.
  • Personal Qualifications:
  • Desire and ability to interact and communicate effectively (written and oral) with colleagues and clients.
  • Ability to analyze and apply creative problem solving both independently and within a team.
  • Preferred Qualifications:
  • Demonstrated experience/interest in programming or data science, including advanced experience with Microsoft Excel and experience with Microsoft Access / AQL, VBA or other database languages such as Python, SAS, or R.
  • Familiarity with life/health/annuity products, especially variable annuities, indexed annuities, or indexed universal life.
  • Experience working at life/health/annuity insurer, actuarial consulting practice, or investment firm or investment bank servicing the life insurance industry.
  • Familiarity with fixed income assets, equity derivatives, and interest rate derivatives.
  • Familiarity with statutory and US GAAP reporting.
  • Preferred:
  • Bachelors or better in Mathematics or related field.

Education requirements

Currently Studying
Bachelors

Area of Responsibilities

Banking & Finance

Responsibilities

  • Develop actuarial projections for life insurance and annuity blocks in MG-ALFA,
  • Review, organize and analyze data (e.g., liability in-force data, mortality and/or lapse experience data),
  • Assist in developing deal models in Microsoft Excel for transaction (i.e., merger, acquisition, financing) assignments,
  • Perform static and dynamic model validations,
  • Assist in preparation of written actuarial reports and opinions,
  • Assist with research projects, and
  • Work independently to complete tasks.

Details

Work type

Part time

Work mode

remote

Location

New York