Actuarial Intern
About the role
Coaction Specialty Insurance is offering an exciting opportunity to entrepreneurial and ambitious college students interested in an actuarial career. The Actuarial department works with internal customers across all lines of business, helping them keep the big picture in focus while diving into unique and complex business challenges. You will draw upon strong mathematic, technical, and problem-solving skills to analyze data while learning about the Property & Casualty industry and insurance company operations. You will have the opportunity to work individually and collaboratively with actuaries across various areas, including underwriting, claims, and/or corporate risk management.
Responsibilities
- Assist actuaries with reserving, pricing, catastrophe modeling, or capital modeling initiatives
- Research industry and competitor results for benchmarking
- Develop price monitoring capabilities
- Assemble, verify, and analyze exposures used for catastrophe modeling
- Document new and existing processes incorporated in the role
- Reconcile final dataset outputs to ensure no coding or system errors
Requirements
- Rising juniors with a targeted graduation date of May 2028 (2026, 2027, or 2029 graduates are not eligible)
- Currently pursuing a Bachelor’s Degree in business, finance, or a related field
- Strong analytical skills and a solid mathematical framework
- Proficiency in Excel
- SQL coding experience preferred
- Experience working with databases
- Determination to learn new technical skills
- Excellent organizational and time management skills
- Effective oral and written communication skills
- Embraces new challenges and develops innovative solutions to problems
- Strong sense of curiosity
- Actively pursuing actuarial exams with preferably at least one exam passed
- Minimum GPA of 3.5
Schedule
This is a full-time, in-office internship program running from June to August 2027, 5 days a week at our Morristown, NJ office. Candidates must live locally as relocation assistance is not provided.