Actuarial Summer Intern

Company:

Guy Carpenter

Description:

We are seeking a talented individual to join our Global Analytics Advisory team at Guy Carpenter. This role will be based in Morristown, New York, Philadelphia, Minneapolis, Seattle, or Atlanta. This is a hybrid role that has a requirement of working at least three days a week in the office.

You will join a team of highly specialized professionals utilizing advanced quantitative skills and sophisticated modeling techniques to deliver critical insights to our clients. You will collaborate with top-tier experts to develop a comprehensive understanding of portfolio profitability, helping clients align their underwriting strategies with long-term business objectives. You will work on one or two targeted projects to advance internal initiatives, gaining industry-specific training in areas such as benchmark pricing of reinsurance contracts using actuarial methods. Additionally, you will be part of collaborative, cross-functional teams that provide strategic insights to some of the largest and most prominent insurance companies worldwide.

Why Guy Carpenter

At Guy Carpenter, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.

We will count on you to:

• Contribute to developing an inclusive work environment that respects and values differences of background, experience, and thought
• Organize and analyze client data, check data for reasonability, perform calculations utilizing actuarial methodologies, share insights with senior colleagues, and compile a coherent and compelling story to help clients understand their degree of risk
• Perform basic calculations with client data to assess a range of risk exposures and predict outcomes for clients in support of the reinsurance transaction process
• Assist team members with the preparation of proposal presentations for existing and prospective clients
• Research industry-specific and specialty related trends that may affect reinsurance programs/calculations
• Leverage our proprietary MetaRisk software suite to develop and optimize bespoke reinsurance transactions and evaluate their impact on our clients capital, growth, and volatility objectives

What you need to have: 

• Pursuance of bachelor’s or equivalent degree is required
• Open to all majors; preference to STEM-focused majors
• Relevant prior work experience is a plus
• Successfully passed at least one Actuarial Exam is a plus
• Knowledge of Microsoft Office Suite (PowerPoint, Excel and Word)
• Good problem-solving skills and financial aptitude
• Strong communication and presentation skills: an ability to translate complex technical analysis and concepts into easily understandable terms
• Curious and proactive mindset: desire and ability to lead internal initiatives and research projects to completion
• A collaborative, team-oriented individual with effective interpersonal skills
• Strong ability to be organized and detail oriented

What makes you stand out:

• Interest in or progress towards completion of Casualty Actuarial Society (CAS) exams
• Familiarity with programming languages/visualization tools
• Experience in a technical related role at a reinsurance broker, market, or catastrophe model software vendor
• Prior experience in relevant insurance / reinsurance field
• An understanding of the reinsurance industry and product lines

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

The applicable hourly base pay for this role is $27.00.

What's next:

Application Instructions:  

• Application Deadline: Sunday, September 28th at 11:59pm EST
• We are hiring in multiple locations. As you are filling out your application, you'll have the opportunity to select your desired location. Should you have interest in multiple locations, your recruiter will work with you to make those connections should that be necessary. 

 First Round Interviews:  

• Applications are reviewed on a rolling basis.  
• If selected, first-round interviews consist of an on-demand digital video interview.   
• Further timing and instructions will be provided at that time.

Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected] McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.