Western & Southern Financial Group

College Intern - Actuary

Job Locations US-OH-CINCINNATI
ID
2020-13654
Category
Actuarial
Type
Intern

Overview

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.

Responsibilities

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.

 

Qualifications

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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