Western & Southern Financial Group

College Intern - Actuary



Provides and verifies data and actuarial reports necessary for product and financial management utilizing actuarial principles and mathematical analysis. Works with some supervision and is responsible to make a minimal range of decisions, escalating to VP/AVP when appropriate and updating VP/AVP on a regular basis. Applies actuarial principles to practical problems correctly.


Position Responsibilities:

  • Gathers, organizes and formats data from various sources, reviews for reasonableness and provides this data for internal and external use
  • Applies mathematical, statistical and technical skills to analyze data and reports.
  • Ensures accuracy of calculations and statistical analysis despite time constraints.
  • Answers mathematical, financial and/or product-related questions from other departments.
  • Learns and applies Company and departmental work standards, including those for documentation, functions and interrelationships of departments.
  • Obtains, verifies and organizes Company experience to be used in product development, financial reporting, forecasting, and/or industry surveys.
  • Assists in the development and modification of complex technical programs, applying formulas and methods to analyze products, calculate reserves, project financial results and/or assess profitability and risk.
  • Implements actuarial measures with guidance. Verifies accuracy and maintains documentation.
  • Executes pricing, valuation and asset-liability runs, selecting the correct model and input data and ensuring internal consistency of all assumptions, product features and in-force data. Reviews for reasonableness and assists in analyzing results.
  • Documents projects in writing in accordance with established guidelines.
  • Performs other duties assigned by management.



Selection Criteria:

  • Proven experience in exercising good judgment, problem-solving skills, time management skills.
  • Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions.
  • Demonstrated experience setting professional goals and successfully implementing and achieving those goals.
  • Cite examples of working independently and as part of a team.

Educational Requirements:

  • Bachelor’s degree in mathematics or related field. 
  • Successful completion of at least one Society of Actuaries examination.

Computer Skills and Knowledge of Hardware & Software Required:

  • Proficient in word processing, spreadsheet and database applications.
  • Commitment to learn actuarial software packages such as those used for valuation (ARCVal), experience studies (ARCBase) and/or pricing and projections (MG-ALFA.)
  • Commitment to learn the companies’ policy administrative systems: how they work and how to extract data from them.

Certifications & Licenses (i.e. Series 6 & 63, CPA, etc.):

  • Actively pursue FSA designation by attempting a Society of Actuaries exam at each sitting.
  • Passes at least 50% of the exams attempted.
  • Adheres to all other Actuarial Exam and other Administrative rules.

Position Demands:

  • Extended hours required during peak workloads or special projects.
  • Balances work demands with the need to pass actuarial exams, which requires intense mental focus and approximately 300 hours of study time in a four-month period, with two such periods each year.


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