Arch

Summer Intern (Actuarial Department)

Entity Arch Insurance Group Inc (U.S.)
Job Locations US-NJ-Jersey City | US-NY-New York
Job ID
2020-3267
Business Segment
Insurance
# of Openings
1
Category
Actuarial

The Position

Overview

Arch Insurance Group’s Internship Program offers students a unique opportunity to gain hands on experience in the insurance industry. It provides a learning experience that serves as a foundation for interns to explore their career choices and to develop professional skills. Working alongside some of the most talented members of the insurance industry, interns will gain relevant expertise in various aspects of the field.

 

The program is designed with the following objectives:

  •  Provide challenging work that benefits both the intern and Arch
  •  Develop interns through learning activities and ongoing feedback
  •  Identify talented individuals for full-time opportunities

In this position you will be working in the actuarial group of a dynamic company supporting pricing, reserving, or financial reporting.

 

Speaker Series

In addition to challenging projects, all interns will participate in the Speaker Series.  This is an event that targets leaders of various departments to share their individual career experiences and expertise in their field.

 

The summer program will culminate with an event in which interns demonstrate their experience and what they have learned through an individual presentation. The event will be attended by their managers, and local Senior Executives.

 

Program Schedule

The program will begin in early June and lasts for a period of ten weeks. The work schedule will be Monday through Friday, from 9:00 a.m. to 5:00 p.m., with a one hour lunch break.

Job Responsibilities

  • Support the Actuarial team by assisting in analyses by gathering/scrubbing data, providing initial takeaways, and learning about bigger picture of the project
  • Develop analytical and reporting tools in Excel/VBA
  • Manage time and projects well: balance working independently with asking questions; keep project managers aware of status
  • Document work clearly so that others can follow and understand the data and analysis
  • Attend team meetings and continuing education sessions to understand Arch’s business units and gain industry knowledge

Required Skills/Experience

  • Demonstrated interest or commitment to the actuarial/insurance field
  • Motivation and ability to self-direct and self-teach
  • Demonstrated ability to use critical thinking and logical, quantitative reasoning to solve problems
  • Strong oral and written communication skills
  • Familiarity with MS Excel

Desired Skills/Experience

  • One or two actuarial exams
  • Familiarity with MS Access, Visual Basic, R, SQL

Education

  • Pursuing a Bachelor’s or Master’s Degree in a quantitative field like Mathematics, Actuarial Science, Computer Science, or Physics
  • Sophomore or Junior status in undergraduate, Masters student

The Company

Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries. With over ten years of operating history and strong financial ratings, our track record remains solid.

 

Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

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