Actuarial Internship - Summer 2021 in Lansing, MI at Accident Fund Holdings, Inc

Date Posted: 9/25/2020

Job Snapshot

Job Description

Are you looking for an internship where you will work with a group of dynamic insurance professionals who are committed to social responsibility, making workplaces safe, and making a difference? If so, consider building your skills and starting your career with AF Group. This position may assist with producing rate indications, premium and loss ratio projections as well working on loss reserve estimates. Additional responsibilities may include actuarial special projects, performing analysis for other departments, product development, and dynamic financial analysis.

Multi-year winner of Business Insurance's Best Places to Work -- our culture is one of innovation, collaboration and continuous improvement, all focused around our customers. AF Group and its subsidiaries carry a long-standing reputation for having a positive workplace culture that includes open communication and a commitment to inclusion and innovation.

JOB DESCRIPTION AND QUALIFICATIONS:

  • Gather and analyze data and present analysis in a format appropriate for pricing, loss reserving, product development, capital modeling, reinsurance and other financial analysis
  • Update and present reports for pricing, loss reserving, product development or other areas of the company.
  • Performs duties related to the major functional areas of our business for our Actuarial team
  • Prepares and delivers presentation(s) on assigned topic(s).
  • Attends unit, departmental, and corporate meetings as assigned.
  • Shows learning and both personal and professional growth and understanding of responsibilities.
  • Gains an understanding of how AF Group runs and how Workers Compensation Insurance works.
  • Shows punctuality, professionalism, and a positive attitude when completing assignments.
  • Manages multiple deadlines.
  • Completes miscellaneous assignments as assigned.
  • Uses company software applications to complete assignments.
  • Maintains confidentiality.
  • Responds to internal and external customer inquiries.
  • This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required.

Job Requirements

EMPLOYMENT QUALIFICATIONS:

  • Have status as a sophomore, junior or senior as of the end of the spring term (or be enrolled in an applicable graduate program).
  • Hold a cumulative grade point average of 3.0 or better as of the most recent grading period.
  • Be able to work full-time during normal business hours for this summer.
  • Be available to begin employment between mid-May and mid-June.
  • Completion of 1 or more actuarial exams preferred.

EDUCATION OR EQUIVALENT EXPERIENCE: Currently enrolled and active in any educational degree program. Preference will be given to those individuals currently enrolled in and majoring in one of the following degree programs: Statistics, Actuarial Studies, Mathematics, Insurance, Risk Management or other relevant program. EXPERIENCE: With proper education credentials no experience necessary. Previous work experience preferred. SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:

  • Excellent oral and written communication skills.
  • Excellent working knowledge of computers and company standard software; Internet research experience strongly preferred.
  • Ability to proofread documents for spelling, grammar and punctuation.
  • Ability to perform necessary mathematical computations.
  • Ability to comprehend consequences of various situations and make appropriate individuals aware of same for decision making.
  • Ability to exchange information clearly and concisely and to present ideas, report facts and other information.
  • Ability to establish work flows, manage multiple projects and meet necessary deadlines while maintaining composure during stressful situations occurring as a result of workloads and/or deadlines.
  • Ability to maintain confidentiality.

WORKING CONDITIONS:

  • Work is performed in an office setting with no unusual hazards.
  • The qualifications listed above are intended to represent the minimal skills and experience levels associated with performing the duties and responsibilities contained in this position description. The qualifications should not be viewed as absolute standards, but as general guidelines that should be considered with other position-related criteria.
  • We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.

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