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Corporate Reserving Actuarial Intern

Location New York, United States Job type Full-Time Work mode Hybrid Job level Internship & working student Job ID 10711 Company Munich Re America Services Employment type Temporary Area of expertise Actuarial & Risk Management
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All locations New York, United States; Princeton, United States;

Summer Intern - Corporate Reserving Actuarial Intern

The Company

Munich Re US (MR US) offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917.  As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients’ needs, creating opportunities to achieve sustained profitable growth.

The Opportunity

The Corporate Reserving Actuarial Intern will work closely with other Actuarial Associates and Actuaries within their respective teams, as well as with other key individuals across the department. The interns will gain an understanding of the fundamentals of reinsurance, the various functions of a reserving department within a reinsurance company, how to visualize data in a meaningful and impactful way for influence management decision making and leverage your new network to knowledgeably pursue an actuarial career path.

This internship is being offered in Princeton, NJ or New York City, NY.

Responsibilities:

  • Review segment analysis, technical checks of actuarial analyses, large loss research, loss development pattern selections
  • Support the development of quarterly monitoring and presentations.
  • Work closely with an Actuary on a project including review segment analysis, technical checks of actuarial analyses, large loss research, loss development pattern selections, etc.
  • Deliver an end-of-internship presentation to the department.

Job Requirements:

  • Open to all undergraduate and graduate students
  • Preferred majors: Actuarial Science, Data Science/Analytics, Economics, Mathematics, Risk Management, Statistics. Also accepting: Accounting, Chemistry, Computer Science, Engineering, Law, Physics or any other STEM major
  • Successful completion of one CAS/SOA exam is preferred.
  • Excellent communication skills – spoken & written, formal/informal presentation.
  • Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing.
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive.
  • Enthusiasm about learning new knowledge and working in the reinsurance industry.
  • Proficient Microsoft Excel skills.

The company is open to considering candidate in New York, NY or Princeton, NJ. The pay has a base range of $20.00-$33.00 per hour. The hourly estimate displayed represents the typical hourly range for candidates hired in this position in NYC and Princeton. Factors that may be used to determine your actual rate will include your undergraduate or graduate level, specific skills, how many years of experience you have in comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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