Actuarial Intern
QBE North America
About the Role
The purpose of this role is to support the Actuarial function by undertaking operational or administrative work, contributing to the team's work agenda under close supervision. The role aims to provide practical work knowledge of the general insurance industry and exposure to business areas within the organisation.
The Opportunity
QBE has a Summer 2027 internship opportunity in its North America Actuarial organization based in its Madison office, working alongside a highly skilled and professional actuarial services team. Interns are typically placed in a pricing or financial reporting role working side by side with actuaries or senior-level actuarial students. They are presented with challenging projects that provide useful experience while allowing them to develop their problem-solving and decision-making skills. The internship will run from June 1st to August 6th.
- Location: Madison, Wisconsin
- Work Arrangement: Hybrid (expected to be in the office 4 days per week at the Madison, WI office)
- Pay Rate: $27.50-$29.50 an hour
Your New Role
- Assist actuarial staff in extracting, compiling, reviewing, and analyzing data in support of the goals of the Actuarial Department.
- Make key contributions to various actuarial functions such as: pricing, reserving, modeling, reinsurance, and business planning.
- Perform appropriate checks within processes to minimize errors and inaccuracies and verify data reconciliations.
- Network with other members of the Department to establish mutual respect in business processes.
- Clearly communicate results of projects to technical and non-technical staff and present to the entire actuarial and data science department.
Requirements & Tech Stack
- High School Diploma/GED
- Full-time current enrollment in a bachelor’s in Actuarial Science
- Must be returning to college/university upon completion of internship
- Course work or relevant experience with demonstrated achievements
- Python, R, SQL, SAS, or Julia
Qualifications
- Actuarial Exams: Have completed at least one actuarial exam.
- Analytical Thinking: Strong analytical skills to interpret complex data and draw meaningful insights.
- Mathematical Proficiency: Strong mathematical foundation in calculus, probability, and linear algebra.
- Attention to Detail: Meticulous attention to detail to ensure accuracy in data analysis and modeling.
- Programming Proficiency: Strong programming skills in Python, R, SQL, SAS, or Julia for data manipulation and model development.
- Problem-Solving: Proven problem-solving abilities to address challenges in actuarial computations and analysis.
- Communication Skills: Effective verbal and written communication skills to convey technical concepts to stakeholders clearly.
- Collaborative Nature: Ability to work in a team environment, collaborating with actuaries and other professionals.
- Ethical Awareness: Understanding of actuarial candidate code of conduct and professional standards.
- Probability and Statistics: Understanding of probability theory, statistical distributions, and their application in actuarial work.
- 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.
- Collaboration Tools
- Communication
- Critical Thinking
- Data Entry
- Document Management
- Email Management
- Financial Products
- Hands-On Learning
- Intentional collaboration
- Managing performance
- Microsoft Applications
- Report Writing
- Research Analysis
- Self Motivation
- Time Management