Corporate Reserving Actuarial Intern

Corporate Reserving Actuarial Intern

Company: Munich Re America Services

Location: Princeton, United States

The Company

Munich Re US (MR US) offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive.

We address the key challenges of the future in the US property/casualty reinsurance market. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions.

The Opportunity

The Corporate Reserving Actuarial Intern will work closely with other Actuarial Associates and Actuaries within their respective teams, as well as with other key individuals across the department. The interns will gain an understanding of the fundamentals of reinsurance and the various functions of a reserving department.

This internship is being offered in Princeton, NJ or New York City, NY.

Responsibilities:

• Review segment analysis, technical checks of actuarial analyses, large loss research, loss development pattern selections.
• Support the development of quarterly monitoring and presentations.
• Work closely with an Actuary on a project including review segment analysis and technical checks.
• Deliver an end-of-internship presentation to the department.

Job Requirements:

• Open to all undergraduate and graduate students.
• Preferred majors: Actuarial Science, Data Science/Analytics, Economics, Mathematics, Risk Management, Statistics. Also accepting: Accounting, Chemistry, Computer Science, Engineering, Law, Physics or any other STEM major.
• Successful completion of one CAS/SOA exam is preferred.
• Excellent communication skills – spoken & written, formal/informal presentation.
• Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing.
• Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive.
• Enthusiasm about learning new knowledge and working in the reinsurance industry.
• Proficient Microsoft Excel skills.

The NYC pay has a base range of $22.00-$33.00 per hour. The hourly estimate displayed represents the typical hourly range for candidates hired in this position in NYC.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.