Actuarial Co-op (May to August)

Target Openings

4

What Is the Opportunity?

The Actuary Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training, and learn more about the property and casualty insurance industry.

This role offers the chance to work with one of the largest employers of property and casualty actuaries in North America. As an Actuarial Assistant, the successful candidate will gain relevant experience in personal and/or commercial lines while working in a dynamic, team-focused environment.

Travelers is known for its solid reputation and passionate people. The company’s financial strength and consistent record of strong operating returns provide security for customers and opportunities for employees. Interns will find a workplace full of energy where they can make a difference.

As a member of the Actuarial Department, the candidate will contribute effectively to their team and interact with insurance professionals from underwriting, claims, finance, and information systems as necessary.

There are three roles available — one each for:

• Business Pricing
• Personal Insurance Pricing
• Actuarial Reserving

Candidates may also be required to work with other teams on an ad-hoc basis. The candidate will be responsible for a range of projects and tasks that will involve interaction with many areas of the business.

Each intern will be expected to complete challenging and meaningful project work over the course of this program. Additionally, there are core assignments and a designated coach to further develop interns’ insurance knowledge.

Duties may include:

• Data preparation, validation, reconciliation, and analysis of premium, claims, and other data
• Using software such as SAS, MS Access, and Excel to produce analyses
• Communicating results with finance and/or the business and securing their buy-in
• Managing multiple projects simultaneously
• Developing product knowledge
• Analyzing and assisting with property and auto rate level indications
• Testing of new rate systems
• Working with actuarial colleagues from other business areas
• Participating in rate filing preparations
• Supporting implementation of rate changes, product enhancements, and testing controls

Education, Work Experience & Knowledge:

Because the Actuary Internship Program is complex and dynamic, we welcome applicants with a variety of majors, backgrounds, and experiences. We are particularly interested in students who are serious about entering the insurance industry and are excited about the prospect of making underwriting their future career choice. A preferred cumulative GPA of 3.0 or above is desired, and undergraduate students completing their penultimate year are preferred.

Targeted Majors: Actuarial Science, Mathematics, Computer Science, Economics, Statistics, or equivalent.

Job Specific & Technical Skills & Competencies:

• Strong academic record
• Strong verbal communication skills
• Commitment to passing actuarial examinations
• Skilled independent problem solver
• Self-motivated team player
• Detail-oriented
• Proficiency with Microsoft Excel
• Knowledge of Microsoft Access, VBA, or SAS considered an asset
• Prior actuarial experience considered an asset
• Legally eligible to work in Canada

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process, we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please reach out for assistance.