Actuarial Intern
At The N&D Group®, we have been covering local homeowners, drivers, and businesses with personalized insurance policies since 1825. As a locally grown insurance company, we know the region, know the risks, and know the right coverage.
Under the supervision of the Actuarial Supervisor, the Actuarial Intern will support the Actuarial Services team by performing analysis for designated business segments to assist in ratemaking, reporting, and competitive research.
Responsibilities:
- Perform rate reviews by state and line of business, including rate indications, disruption analyses, and state filing exhibits
- Research competitor pricing and product changes, as well as competitor growth and profitability trends
- Investigate specific questions posed by management- e.g. how the mix of business is shifting in a given state, why a book of business is deteriorating, or how changes in case reserving are impacting results
- Build clear and comprehensive dashboard reports that visually convey growth and profitability trends
- Document methodologies and findings for senior management in a manner understandable to a non-actuarial audience
- Keep current on industry and company developments
- Perform related work as required
Qualifications:
- Working towards Bachelor’s degree
- Interest in attaining CAS membership by taking CAS exams; 1+ exams passed a plus
- Strong background in mathematics and statistics
- General knowledge of business and finance
- Familiarity with spreadsheets, databases, statistical analysis programs, and programming languages
- Strong oral and written communication skills for both technical and non-technical audiences inside and outside the organization
- Strong interpersonal skills and the ability to work in a team environment as well as independently
- Strong analytical and problem-solving skills
- Ability to balance multiple projects