Actuarial Internship

Job Description

Summer Actuarial Intern | Resolution Life

The Tone:
This is a summer actuarial internship at Resolution Life. Actuaries at Resolution Life play a central and instrumental role in helping the company assess the long-term financial implications of its strategic decisions. They are crucial for developing new ways to manage risk across the organization and for accurately estimating the costs associated with uncertain future events. This vital work impacts a variety of functional areas, including comprehensive risk management, prudent asset liability management, meticulous financial reporting, advanced modeling, and effective product inforce management. The core objective of this Actuarial Internship program is to provide students with a challenging, practical, and comprehensive learning environment, specifically designed to prepare them for a successful and impactful career in the actuarial profession.

The TL;DR
• Role: Internship
• Type: Seasonal
• Mission: This intern will learn to help Resolution Life assess long-term financial implications, manage risk, and estimate costs of uncertain future events, preparing for a successful actuarial career.

What You’ll Actually Do
• Financial Assessment & Risk Management: Engage in learning how actuaries are instrumental in assessing the long-term financial implications of decisions and developing new ways to manage risk, including aspects of asset liability management.
• Financial Reporting Support: Participate in understanding and assisting with processes related to financial reporting, learning how actuarial analysis contributes to accurate financial statements.
• Actuarial Modeling: Gain exposure to the development and application of financial models used to estimate the costs of uncertain future events for various functional areas.
• Product Inforce Management: Learn about the actuarial functions involved in managing the company’s existing product portfolios and ensuring their long-term viability.
• Professional Development: Actively engage in a challenging learning environment specifically designed to prepare for a successful actuarial career within the financial services industry.

The Must-Haves
• Background: This role is designed for entry-level candidates who are currently pursuing a Bachelor’s degree in highly relevant fields such as Actuarial Science, Mathematics, Statistics, or Economics. A strong academic record is important, evidenced by a minimum cumulative GPA of 3.2.
• Skills: Possess robust analytical capabilities essential for thoughtful data analysis and problem-solving to reach well-reasoned solutions. Demonstrate strong communication skills for clear and effective interaction with various stakeholders. Exhibit proficiency with computer systems and applications, coupled with a quick and versatile learning ability to adapt to new challenges and technologies.
• Bonus: Candidates who demonstrate strong leadership potential, a customer-focused approach, and a team-oriented mentality will thrive. An appreciation and understanding of the financial services industry (Business Acumen) is highly valued, as is an openness to new ways of thinking and acquiring new skills (Learning Agility) to maintain a competitive advantage.