What are the responsibilities and job description for the Corporate Reserving Actuarial Intern position at Munich Re?
Company
Munich Re America Services
Location
Princeton , United States
Summer Intern - Corporate Reserving Actuarial Intern
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 – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients’ needs, creating opportunities to achieve sustained profitable growth.
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, the various functions of a reserving department within a reinsurance company, how to visualize data in a meaningful and impactful way for influence management decision making and leverage your new network to knowledgeably pursue an actuarial career path.
This internship is being offered in Princeton, NJ or New York City, NY.
Responsibilities:
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 strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Munich Re America Services
Location
Princeton , United States
Summer Intern - Corporate Reserving Actuarial Intern
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 – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients’ needs, creating opportunities to achieve sustained profitable growth.
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, the various functions of a reserving department within a reinsurance company, how to visualize data in a meaningful and impactful way for influence management decision making and leverage your new network to knowledgeably pursue an actuarial career path.
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, technical checks of actuarial analyses, large loss research, loss development pattern selections, etc.
- Deliver an end-of-internship presentation to the department.
- 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.
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 strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Salary : $22 - $33
