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Internship

Early Careers: Actuarial Intern, Property & Casualty – Fall 2024

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Aon

14d ago

🚀 Off-cycle Internship

Vancouver +3

AI generated summary

  • You need actuarial work experience, strong math and analytical skills, excellent communication and interpersonal abilities, attention to detail, and organizational skills. Progress towards CAS exams and proficiency with MS Office and relevant software is an asset.
  • You will assist in developing loss profiles for professional liability risks, review assumptions, run simulation models for funding/pricing, support brokers in forecasting premiums, prepare reports for client captives, and refine financial modeling tools.

Off-cycle Internship

Banking & FinanceVancouver, Toronto, Calgary, Montréal

Description

  • Are you an actuarial student looking to gain valuable professional experience in a dynamic consulting environment within the P&C (property & casualty) field? Our Professional Services Practice (PSP) team is looking for an actuarial intern to join the team in Montreal, QC, Toronto, ON, Calgary, AB or Vancouver, BC! 

Requirements

  • Previous actuarial and insurance work term experience is an asset.
  • Excellent English skills (written and verbal) are required.
  • Strong math and analytical skills.
  • Strong interpersonal skills with a positive attitude and ability to work in teams.
  • Ability to explain complex concepts in a simple and effective manner to a non-technical audience.
  • Creative and strategic thinker with an ability to deliver pragmatic solutions.
  • Must clearly demonstrate competency for attention to detail.
  • Excellent organizational skills – ability to work on multiple tasks and prioritize work.
  • Proficiency with MS Office (Word and Excel) is an asset.
  • Experience with @Risk, VBA and/or R is an asset.
  • Education:
  • Currently pursuing a Bachelor's degree in actuarial science, mathematics, or similar discipline.
  • Exam progress with the Casualty Actuarial Society (CAS) is an asset.

Education requirements

Currently Studying

Area of Responsibilities

Banking & Finance

Responsibilities

  • Assist in developing industry and firm-specific loss profiles for professional liability risks exposures of professional service firms (such as accountants, consultants, and law firms), including the modeling of severity and frequency distributions, using our repository of large professional service firm historical loss information.
  • Assist in the review and analysis of individual firm and general industry assumptions used in determining accounting firm loss profiles.
  • Run simulation models to arrive at actuarial funding/pricing requirements for our clients and their captives, using various assumptions and approaches.
  • Support brokers by forecasting expected premium, including a review of program structure and proposed reinsurance arrangements.
  • Run simulation models to arrive at reserving estimates, using various assumptions and approaches.
  • Assist in preparing premium funding and reserving reports for client captives.
  • Assist in developing and refining financial modeling tools (dynamic financial analysis, capital modeling).

Details

Work type

Full time

Work mode

hybrid

Location

Vancouver, Toronto, Calgary, Montréal