Intern, Actuarial
Encova Insurance · Columbus, OH · 2 wk ago
Hybrid$22/hrFull-time
About the role
Encova Insurance is seeking an Intern, Actuarial for hybrid positions in Columbus, Ohio or Charleston, West Virginia. This full‑time summer internship for summer 2027 requires at least 40 hours per week, with start and end dates based on availability and business need. The role is hybrid, with scheduled in‑office days each week. Interns join a dynamic, results‑driven team and gain real‑world experience. Encova’s internship program has been recognized as a RISE Elite Top 50 program for six consecutive years, offering a wide range of learning opportunities.
Responsibilities
- Develop rate indications following standard actuarial practices.
- Review specific components of rating plans using internal profitability data and competitive analysis.
- Prepare rate filings and work with state insurance departments as needed to gain regulatory approval.
- Perform validation of large account pricing models for large account underwriters.
- Assist the Product Actuarial unit in providing pricing indications on individual large accounts.
- Assist in execution, maintenance, and expansion of management reports and analytics under direction of Product Actuarial staff.
- Conduct reserve reviews using traditional property‑casualty unpaid claim estimation techniques and implement results effectively.
- Extract, merge, validate, and maintain transactional datasets from various sources.
- Assist in preparing reserve summaries that reflect results and projections from reserve reviews, incorporating internal and external factors such as settlement processing, case reserving strengthening, underwriting performance, and economic, social, and legal climate.
- Field routine service and research project requests.
Requirements
- Currently enrolled in an accredited college or university.
- Completed at least 60 credit hours.
- Reside in one of the following states: Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.
- Able to work a hybrid schedule with in‑office days each week.
- Able to work at least 40 hours per week.
Benefits
- Competitive compensation.
- Introduction to the insurance industry through authentic work experiences.
- Networking opportunities with industry professionals.
- Flexible start and end dates.
- Community involvement and volunteer opportunities.
- Award‑winning structured summer intern program.
- Recognized as a RISE Elite Top 50 internship program (sixth consecutive year).
Pay
$22.00 per hour
Schedule
Hybrid schedule with in‑office days each week; full‑time (minimum 40 hours per week) summer 2027 internship; start and end dates based on availability and business need.