Actuarial Intern Resume Sample
Work Experience
- Undertake related studies or enrichment programs as appropriate to the specific objectives of the operating unit
- Actively participates in summer internship program events including Lunch & Learns. 3. Conducts research and/or other work for projects assigned
- Credit for completion of one Casualty Actuarial Society exam
- Demonstrated strong oral, written and interpersonal skills resulting in the ability to interact with all levels of business within the organization
- Valid driver’s license and a driving record that conforms to company standards
- Gather and prepare data for analysis, as directed
- Participate in programming, preparation and interpretation of actuarial reports
- Participate in projects involving product development, management or reinsurance
- Develop new ideas that improve the department's performance
- Comply with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities
- Participate in projects involving product development, management, or reinsurance
- Assisting in valuation of employee benefits and GI business, Life Insurance business
- Timely, accurate and reliable production of actuarial statistics for internal management and external reporting purposes (e.g. persistency reports)
- Assist in setting Strategic Asset Allocation and ALM strategies
- Assist team with present value of accrued benefit calculations
- Assist with plan document preparations
- Assist with the reconciliation of employee census information and eligibility determinations
- There are career paths in Actuarial Modeling and Data Analytics that do not require Actuarial exams
- Communicate effectively while interacting directly with colleagues, clientele, and/or other internal or external constituencies in the planning of assignments and the resolution of day-to-day operational problems
- Under supervision, provide entry-level professional services as appropriate to the day-to-day operating objectives of the area. Receives guidance, training, and mentoring from senior personnel in planning and carrying out activities and assignments
- Undertake and/or participates in projects and programs designed to develop professional skills and expertise appropriate to the needs of the organization
- Participate in the planning and implementation of unit projects and initiatives within area of expertise and ability
- As specifically requested by management, conduct research and reporting inclusive of recommendations or alternative proposals for action
Education
Professional Skills
- Exceptional interpersonal skills and strong verbal and written communication skills
- Proficient computer skills, including Microsoft Excel and some additional programming skills
- Strong reading, verbal and written communication skills
- Excellent grammar, proofreading, and written communication skills
- Strong communication skills: written, verbal, presenting complex information, etc
- Inquisitive and looking to expand skills and experiences
- Excellent oral, written, and listening skills; ability to summarize, articulate and present information and findings to others
How to write Actuarial Intern Resume
Actuarial Intern role is responsible for excel, basic, programming, microsoft, computer, organization, analytical, interpersonal, technical, word.
To write great resume for actuarial intern job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Actuarial Intern Resume
The section contact information is important in your actuarial intern resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Actuarial Intern Resume
The section work experience is an essential part of your actuarial intern resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous actuarial intern responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular actuarial intern position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Actuarial Intern resume experience can include:
- Strong analytical, problem-solving and organizational skills required
- Strong computer skills, preferably in Excel, Access, C#, and/or Visual Basic
- Strong analytic skills with the ability to communicate/explain work
- Looking for skills in mathematics, statistics, and data analysis and familiarity with Excel, Power Point, and Database querying tools (such SQL)
- Programming skills with one or more of C, C++, C#, R, Python, SAS, SQL, VBA
- Develop, test and/or validate models that support reserving and experience analysis
Education on an Actuarial Intern Resume
Make sure to make education a priority on your actuarial intern resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your actuarial intern experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Actuarial Intern Resume
When listing skills on your actuarial intern resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical actuarial intern skills:
- Good technical skills, including knowledge of Excel
- Demonstrated ability to effectively communicate with internal and external customers
- Effective verbal and written communication, time management and organization skills
- Self-prioritize effectively and proactively communicate progress to team
- Strong computer skills, , MS Word, Excel and Visual Basic
- Excellent time and project management skills, especially for tight deadlines
List of Typical Experience For an Actuarial Intern Resume
Experience For P&C Actuarial Intern Resume
- Have knowledge and substantial working experience with spreadsheets and be able to apply to actuarial related problems
- Experience with Microsoft Office applications and VBA
- Analyse data on premium and claims for experience analysis
- Experience with Microsoft Office applications (particularly Excel)
- Reviewing system regression testing for SQS system and UAT result for AS400 system
- Improving /documenting the process for reinsurance administration,
- Using Public Sector’s proprietary actuarial modeling systems to price accounts
- Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc.)
- Modelling work (Prophet & DCS)
Experience For Retirement Summer Actuarial Intern Resume
- Assisting in any other ad-hoc projects and impact analysis
- Aiding in the preparation of the actuarial portions of the financial statements and federal income tax returns
- Translating product specifications into valuation assumptions for new products
- Assessing current and new product designs for feasibility in the marketplace
- Converting calculations to new software
Experience For Marketplace Summer Actuarial Intern Resume
- Building stochastic models for risk-based capital impact analysis
- Determining the impact of various risk management programs with respect to M&A transactions
- Majoring in actuarial science, math, or statistics
- Assisting in the preparation and analysis of periodic studies
- Outgoing personality and self-motivated
- Monitoring of reserve adequacy
- Cooperating with internal and external auditors and consultants
- Challenging and significant work
- Positioning for the future
Experience For Government Healthcare Actuarial Intern Resume
- Working in downtown Minneapolis
- Networking and social events
- Assisting with research and business development projects
- Monitoring product profitability
- Assembling product rate filings
Experience For Employee Health & Benefits Actuarial Intern Resume
- Pursuing actuarial exams and motivated to become an actuary
- Problem solving using EXCEL, including building/maintaining macros
- Assist others with conducting business research by gathering/cleaning data, identifying options, and propose solutions with detailed analyses
- 1) Assumes responsibility for portion of the department workload including retrieving and analyzing appropriate data and identifying issues to be researched
- Financial reporting including support for annual statement reporting, IFRS reporting and Solvency II
Experience For Actuarial Intern Resume
- Knowledge of at least one computer programming language and/or Visual Basic would be beneficial writing macros and manipulating
- Participate in a wide variety of assignments, including pricing, reserving, model development, research, and other actuarial tasks
- Supports the system loading of HIP LG HMO premium rates, enabling both existing groups to renew and new groups to be quoted
- Proficient abilities related to mathematical reasoning, analyzing, and problem solving
- General understanding of accounting principles, financial reporting, income statements and balance sheets
- Assist in preparing pricing models for employee benefit (EB) quotes
- Prepares schedules of statistics, premiums, reserves and benefits assigned, documenting and verifying factors used in the related computations
- Assist with model improvements to actuarial software by analysis of output and by reviewing and editing code
Experience For P&C Actuarial Intern Resume
- Assist in preparing state filing material for regulatory approval
- Automate existing processes by writing programs or macros
- Assist in preparing MCNVB and VNB quarterly reporting
- Prepare related reports, summarizing, and communicating the utilized methods and results
- Support the 1/1 reinsurance treaty renewal (actuarial pricing and underwriting analysis)
- Learn about product design and administration along with corporate modeling and financial reporting
- Perform calculations or analysis with respect to DB pension plan funding and accounting valuations, special projects, plan design, benefit calculations
Experience For Retirement Summer Actuarial Intern Resume
- Draft correspondence to clients on a range of consulting issues, ongoing projects and current industry developments
- Interns coming from greater than 50 miles to our workplace are eligible for subsidized housing
- Takes initiative, particularly in addressing and solving problems
- Use of our batch rating tool to assess the book of business impact of pricing changes
- Progress towards attaining actuarial credentials through past and upcoming attempts at SOA actuarial exams
- Assist in new business reporting
- Assist in IFRS reporting
Experience For Marketplace Summer Actuarial Intern Resume
- Assist in Solvency II reporting
- Reinsurance reporting and management related tasks and
- Adhoc activities like supporting special quotation request and customer inquiries, etc
- Provides updates concerning Company actuarial information for various industry publications, rate books, sales material, and regulatory filings as assigned
- An aptitude for statistical interpretation and a working knowledge of actuarial assumptions and formulae
- Support efforts in projecting financial results and sensitivity analysis
- Analyze investment strategies and hedging/derivative applications
Experience For Government Healthcare Actuarial Intern Resume
- Current Junior status majoring in Actuarial Science, Mathematics or a related field
- Work in a team environment with other department employees and Systems, and/or marketing staff on a variety of projects
- Assist with quarterly ALM risk profiles, investment income budget, regulatory cash flow testing and other valuation
- Juniors majoring in Actuarial Science, Mathematics, Economics or a related field
- Active college student or recent college graduate status, majoring in Actuarial Science, Mathematics, Statistics, Finance or Economics
- Appropriate knowledge of commonly-used concepts, practices and procedures within the actuarial field based on depth of training/education
- Identify inconsistencies in incoming data, research inaccurate data and begin to suggest ideas to resolve problem areas
- Development and Maintenance of actuarial tools including those written in Excel, SAS, R, and other proprietary actuarial software
- Support the local branch in portfolio management and monitoring
List of Typical Skills For an Actuarial Intern Resume
Skills For P&C Actuarial Intern Resume
- Energetic with good teamwork skills
- Demonstrated skills in MS Office Professional, with a high proficiency in MS Access and MS Excel highly desirable
- Strong PC skills with proficiency in EXCEL and ACCESS
- Strong mathematical skills essential
- Strong written, oral and interpersonal skills required
- Strong mathematical and analytic skills
- Proven technical and analytical abilities, leadership potential, innovation, creativity and superb communication skills
- C# or any object-oriented programming skills
- Develops underwriting skills for use in self-insured projections and fully-insured renewals
Skills For Retirement Summer Actuarial Intern Resume
- Communicate effectively through a variety of media
- Established presentation skills, both verbal and written
- Computer skills with proficiency in Excel and Word
- Communicate complex analyses effectively
- Demonstrated leadership experience with a drive for results
- Basic project management and people skills
Skills For Marketplace Summer Actuarial Intern Resume
- No prior actuarial work experience required
- No prior actuarial work experience required. Knowledge of advanced mathematics and statistical concepts
- Apply academic knowledge and skills to solve real business questions
- 6) Improve upon technical skills required for data retrieval and summarization
- Course work or relevant experience with demonstrated achievements
- Organizational and project management skills needed to handle multiple concurrent assignments in a timely manner
- Computer skills in Microsoft Excel, Access, and Word
Skills For Government Healthcare Actuarial Intern Resume
- Learns and develops peer-review skills under the guidance of Chief Actuary
- Mapping book of business experience to cases with a spectrum of our pricing variables
- Carrying out required experience analysis to arrive at the basis for pricing for EB business
- Depending on area, develop rate filings, in-force files, and experience study results
- Possibly look at the use of predictive modeling to supplement the traditional approach of mapping experience and assessing a “one off” variable change
- Strong problem solving and analytical thinking ability
Skills For Employee Health & Benefits Actuarial Intern Resume
- Skilled at using a variety of computer software applications including Excel, Access, Word, PowerPoint, and Outlook
- Assist with various pricing projects including generation and validation of rate files
- Assists in the preparation and submission of the 2018 HIP LG HMO prior approval rate filing to the Department of Financial Services
- Actuarial experiences on product development/pricing
- Insurance product modeling experience, particularly equity guarantee based products
- Experience solving problems in Excel
- First experience in statistical analysis and programming
- Assist in consolidation and analysis of cash flow testing and value added submissions
- Assist others with conducting experience analysis
Skills For Actuarial Intern Resume
- Works with experienced departmental staff to learn actuarial techniques, data sources, and spreadsheets to conduct reviews of rating factors
- Accurate, effective, and efficient modification of existing Excel spreadsheets and creation of new spreadsheets
- Catastrophe modelling projects: support the validation of new vendor models and the development of our own models
- Fast learner with a strong mathematical aptitude
- Experience with Microsoft Excel and VBA
- Demonstrated ability to independently analyze and solve problems
- No additional work experience is required
- Demonstrate ambition and excitement for professional development within the actuarial field
Skills For P&C Actuarial Intern Resume
- Risk management or investment experience
- Strong analytical, mathematical, and research abilities
- Demonstrated ability in actuarial and quantitative analysis and statistical concepts
- Experience with MG-ALFA or other actuarial valuation software would be an asset
- Previous project experience or health care related work
- Runs spreadsheets to assist in the validation of numerical results from various systems
- Excellent academic performance with at least a 3.0 GPA
Skills For Retirement Summer Actuarial Intern Resume
- Previous experience helpful but not necessary
- Gather and validate data to aid in the development of business models
- Compile data for experience analyses and prepare related reports
- Excellent academic performance with at least a 3.1 GPA
- Building and running computer asset/liability models using actuarial modeling software
- Assisting with completing state regulatory compliance testing
- Running, building and updating financial projection models
Skills For Marketplace Summer Actuarial Intern Resume
- Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives
- Compiling data and research into building a rating model with direction from Incubator actuary
- Developing and using calculation tools in support of pricing and valuation
- Assisting with quarter end financial reporting
- Understanding of capital markets and modern finance (option pricing, portfolio theory, etc.)
- Isolating the impact of a single variable as opposed to the impact of correlated variables (to ensure we are not double counting the impact of a variable)
- Working knowledge of basic office and PC applications, including Microsoft Word, Excel, Access and PowerPoint, and Outlook
- Pricing and developing new products for financial services companies
Skills For Government Healthcare Actuarial Intern Resume
- Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure
- Passing one actuarial exam, or preparing to sit for the first exam
- Depending on area, assist in the determination of premiums, benefits, and pricing levels
- Preparing and documenting project files, and
- Assisting in developing SQS Excel model for benefit illustration for Life products
- Facilitating the generation of test cases for regression testing
List of Typical Responsibilities For an Actuarial Intern Resume
Responsibilities For P&C Actuarial Intern Resume
- Excel experience: Intermediate to Advanced level
- Working in Excel, Access, or other programming language to manipulate data
- Building stochastic models for hedging, GAAP, statutory valuation, and/or appraisals of Variable Annuities and/or Fixed Indexed Annuities business
- Assist the actuarial staff in extracting, compiling, reviewing, and analyzing data in support of the goals of the Actuarial Department
- Develop familiarity with various actuarial functions, such as pricing, reserving, modeling, reinsurance, and business planning
- Support the senior level actuaries in reserving, financial reporting, modeling, pricing and various other actuarial projects
- Assist with updating, improving, and automating reports, spreadsheets, and documentation
Responsibilities For Retirement Summer Actuarial Intern Resume
- Knowledge or training in computer programming languages
- Market Research on new and emerging industries such as Autonomous vehicles, sharing economy, etc. as directed by the Incubator team
- Complete detailed analyses for various purposes while researching and resolving various issues as they arise
- Initiative, ability to work independently, meeting deadlines and interacting professionally with all contacts
- Statistical analysis including generalized linear modeling
- Loss reserving and financial reporting
- Enhance existing analytic and reporting tools as well as EA dashboards
- Perform various rating, reserving or risk management analyses
- Produce reports using spreadsheets and databases
Responsibilities For Marketplace Summer Actuarial Intern Resume
- Actively pursuing SOA exams toward actuarial certification
- 5) Provide data and analysis to assist in evaluating the impact of proposed benefit, system or process changes
- Participate in weekly training sessions
- Data collection from various sources to gather insights into new and emerging risks in collaboration with the Incubator actuary
- Collaborate with actuaries to analyze data and produce exhibits for pricing property and casualty insurance
Responsibilities For Government Healthcare Actuarial Intern Resume
- Be an active member accountable for working toward shared goals and objectives
- Assist in documenting requirements for new product installations, new client installations, and client maintenance
- Statistical modeling if needed
- Active college student status, majoring in Actuarial Science, Mathematics, Statistics, Finance or Economics
- Undergraduate majoring in actuarial science, mathematics, economics, statistics, or a closely related area
- Computer proficiency in Microsoft Office products including Excel, Word, Outlook
- Understands and familiarizes self with EPIC benchmarking capabilities and associated projects
Responsibilities For Employee Health & Benefits Actuarial Intern Resume
- Some knowledge of programming or data retrieval packages, such as SAS or SQL
- Assist in preparation of actuarial valuation and compliance work primarily for US Defined Benefit Retirement Plans, including
- Prepare benefit coding to replicate valuations under legacy tools
- Support the data management process including but not limited to
- Assist in other reporting activities and ad hoc projects
- Assist actuaries in developing rate or reserve indications and evaluations
- College Sophomores (rising Sophomores acceptable) and Juniors
- Sophomore or Junior majoring in Actuarial Science, Math or Statistics
- Develop technical expertise and be an active participant in consulting projects
Responsibilities For Actuarial Intern Resume
- Knowledge of programming languages (e.g. SAS, SQL, VBA, etc.)
- Knowledge of at least one computer programming language and/or Visual Basic is beneficial
- Preferably studying in Actuarial Science
- Assist with DB and DC investment monitoring
- Merger and acquisitions due diligence including review of assumptions, risks and operations of the business
- Proficiency in using spreadsheet software
- Team player/individual contributor with a desire to function in a flexible, constantly changing environment
Responsibilities For P&C Actuarial Intern Resume
- Subsidized housing for out of state interns
- Machine learning project
- Raises for passing SOA exams
- Familiar with using a Database (such as Access, SQL, Oracle, etc.)
- Web Scraping or ability to pull publicly available information from various internet web sites
- Academic understanding of actuarial principles and methodologies
- Display a positive, constructive, “can do” attitude when resolving issues
- Review of key pricing variables such as age/gender base rates, geographic factors, industry factors, occupational factors etc
Responsibilities For Retirement Summer Actuarial Intern Resume
- Passion for solving puzzles through collaboration and innovation
- Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the FSA, FRM or CFA designation
- Analyze and apply creative problem solving both independently and within a team
- Use personal computer, ppt slides, and related spreadsheet (including visual basic)
- Familiarize themselves with Jackson's modeling software, basic product types and specific Jackson products
- Regression testing of extract files from IT changes
- Provides support for quarterly MMCOR statutory reporting
Responsibilities For Marketplace Summer Actuarial Intern Resume
- Performs routine work with little oversight, modifying methods and assumptions as additional requirements
- Development of quarterly IBNR booking amounts
- Interact with other Reserving Actuaries in North America
- State data reporting
- Summarize and communicate results to technical and non-technical audiences. Learn actuarial techniques and their applications
- Process data needed for analysis
- Check spreadsheets/files for accuracy and identify possible improvements in procedures
- Perform ad hoc actuarial tasks with manager assistance or supervision
- We strive to place our interns into actuarial departments in which they are interested — product development, actuarial valuation, finance, and risk management are just some of the areas available
Responsibilities For Government Healthcare Actuarial Intern Resume
- Assists with improvements to actuarial software by reviewing and editing code
- Juniors majoring in Actuarial Science, Mathematics or a related field
- Investigates numerical discrepancies and formulating hypotheses as to their cause
- Documents and verifies the information used in computations
- Completes assignments with limited supervision. Incumbent is instructed on all assignments and refers any problems or questions to the supervisor