Actuarial Intern

About the role

QBE has a Summer 2027 internship opportunity in its North America Actuarial organization based in its Madison office, working alongside our highly skilled and extremely 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 them with useful experience while allowing them to develop their problem solving and decision-making skills. The internship will run from June 1st to August 6th.

Responsibilities

• Assist the 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 entire actuarial and data science department

Required Qualifications

• Completion of 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

Preferred Competencies & Skills

• 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

Preferred Knowledge

• 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

Location & Work Arrangement

Madison, Wisconsin. This role is hybrid, where you will be expected to be in the office 4 days per week at our Madison, WI office.

Pay

The pay rate is $27.50-29.50 an hour.