What are the responsibilities and job description for the ACTUARIAL INTERN - SUMMER 2025 position at Sammons Financial Group?
Overview :
Provide quantitative support for new and existing products and policies, supporting corporate profitability objectives and other business initiatives. Internship Information : Our Internship program is designed to give students experience with projects and performing tasks within their hired work area. You will be exposed to other areas within the organization by participating in development, culture and volunteer events. This paid internship is 8-10 weeks in length with the possibility of extending hours into the school year.Our internship program holds an 80 / 10 / 10 approach, meaning that 80% of your work time will involve performing tasks or working on projects within your hired work area. Another 10% of the time, you will be exposed to learning in other areas within your assigned division to get more corporate experience. Then, the final 10% will be spent in shared experiences across the organization, where you will get to really learn about our culture and work environment.
Responsibilities :
Assist with analyses of new products and inforce business, including rate setting, data analysis, profitability projections, research, and summarizing results.
Build spreadsheet tools to analyze product and policy data.
Modify and run actuarial models as needed, reviewing appropriateness of results.
Provide technical assistance with regard to questions, calculation, or problems encountered in other departments.
Assist in the creation of reports and written communications with internal key stakeholders, as needed.
Analyze, summarize and present on usage of distributed processing systems.
Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
Other duties as assigned.
Qualifications :
- Individuals pursing their bachelors degree in Actuarial Science, Mathematics, Finance or Preferred
- Successful completion of at least 1 Society of Actuaries (SOA) exam Preferred
- A basic understanding of insurance Preferred
- High level of mathematical ability, including a good working knowledge of calculus, linear algebra, probability and statistics and numerical analysis
- Strong Computer skills, including experience with spreadsheets. Experience with SQL or SAS a plus
- Strong communication skills, both verbal and written
Suitability Requirements :
Criminal background check required.
Company Information :
Our Internship program is designed to give students experience with projects and performing tasks within their hired work area. You will be exposed to other areas within the organization by participating in development, culture and volunteer events. This paid internship is 10 weeks in length with the possibility of extending hours into the school year.
Our internship program holds an 80 / 10 / 10 approach, meaning that 80% of your work time will involve performing tasks or working on projects within your hired work area. Another 10% of the time, you will be exposed to learning in other areas within your assigned division to get more corporate experience. Then, the final 10% will be spent in shared experiences across the organization, where you will get to really learn about our culture and work environment.
Work Authorization / Sponsorship :
At this time, were not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)
