Actuarial Intern

About the Role

• Time Type: Full-time
• Worker Type: Employee
• Location: Madison, Wisconsin
• Work Arrangement: Hybrid (4 days per week in office)
• Pay Rate: $27.50 - $29.50 per hour
• Internship Dates: June 1st - August 6th (Summer 2027)

The Opportunity

QBE North America has a Summer 2027 internship opportunity in its Actuarial organization. Interns will work alongside the actuarial services team, typically in a pricing or financial reporting role, with actuaries or senior actuarial students. The internship provides challenging projects to develop problem-solving and decision-making skills.

Key Responsibilities

• Assist actuarial staff in extracting, compiling, reviewing, and analyzing data to support departmental goals.
• Make key contributions to actuarial functions including: pricing, reserving, modeling, reinsurance, and business planning.
• Perform checks within processes to minimize errors, inaccuracies, and verify data reconciliations.
• Network with other department members to establish mutual respect in business processes.
• Clearly communicate project results to technical and non-technical staff.
• Present findings to the entire actuarial and data science department.

Requirements & Tech Stack

• High School Diploma/GED or equivalent.
• Full-time current enrollment in a bachelor’s in Actuarial Science.
• Must be returning to college/university upon completion of the internship.
• Coursework or relevant experience with demonstrated achievements.

Preferred Competencies/Skills

• Actuarial Exams: Completed at least one actuarial exam.
• Analytical Thinking: Strong analytical skills.
• Mathematical Proficiency: Strong mathematical foundation in calculus, probability, and linear algebra.
• Attention to Detail: Meticulous attention to detail.
• Programming Proficiency: Strong skills in Python, R, SQL, SAS, or Julia.
• Problem-Solving: Proven problem-solving abilities.
• Communication Skills: Effective verbal and written communication.
• Collaborative Nature: Ability to work in a team environment.
• Ethical Awareness: Understanding of actuarial candidate code of conduct and professional standards.

Preferred Knowledge

• Probability and Statistics: Understanding of probability theory, statistical distributions, and their application.
• Insurance Principles: Familiarity with property and casualty insurance products and terminology.
• P&C Actuarial Concepts: Understanding of basic principles of Property & Casualty ratemaking and reserving.