What are the responsibilities and job description for the Actuarial Summer Intern position at 14400 Arch Insurance Group Inc.?
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
About This Internship
Arch’s 10-week summer internship program offers students a unique opportunity to gain hands-on experience in the insurance industry. Interns are provided challenging learning experiences that serve as a foundation to explore their career choices and to develop professional skills. Working alongside some of the most talented members of the specialty insurance industry, interns will gain relevant expertise in various aspects of the field, participate in learning activities and receive ongoing feedback.
About This Role
Gain work experience and instruction similar to that of an entry-level actuarial hire.
Contribute to a large project and present findings to the department at the end of the summer.
Partner with an onsite mentor from a different actuarial team for broader exposure.
Qualifications
Actively completing area of study in Actuarial Science, Insurance & Risk Management, Mathematics, Statistics, Quantitative Analysis, or related program.
Minimum 3.0 GPA or higher.
College level – current Sophomore or Junior.
One or more actuarial exams attempted is preferred, but not required. For every exam passed prior to the internship start date, intern candidates are eligible for a wage premium increase.
Experience coding with Python and/or SQL preferred.
Interest and experience in insurance industry preferred.
Entrepreneurial spirit along with the desire to be a continuous learner.
Team player who collaborates effectively.
Self-starter who can work independently and deal effectively with multiple tasks/priorities in a fast-paced environment.
Location & Work Arrangement
The program dates are June 2 - August 8, 2025.
This position is classified as a hybrid position. You will work 2 days onsite per week, with the option to work onsite or from home for the remaining 3 days.
This position can be located in New York (Midtown), NY, Jersey City, NJ, Chicago, IL, or St. Paul, MN.
Relocation and housing assistance is not provided for this role.
Timeline
Arch summer internship positions will be posted from September 2024 and will be unposted when filled.
Pay
For individuals assigned to or hired to work in New York (Midtown), NY, Jersey City, NJ, Chicago, IL, or St. Paul, MN, the hourly rate is $22-26 as of the time of posting. The breadth in the range exists to accommodate students in specialized programs such as actuarial candidates and graduate students. Any actual rate offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, along with the education & qualifications of the candidate. The above range may be modified in the future. Intern position is eligible for select Arch benefits.
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14400 Arch Insurance Group Inc.Salary : $22 - $26
