United Fire Group

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P&C Actuarial Intern

P&C Actuarial Intern

Job ID 
2018-1689
# of Openings 
1
Job Locations 
US-IA-Cedar Rapids
Posted Date 
2/1/2018
Category 
Accounting
Travel 
None
Company Car Provided? 
No

More information about this job

Overview

 

 

Here at UFG, we have a shared vision built on the dynamic foundation of people, service, profit and growth. We believe this vision is the right approach for our employees, and the smart approach for our business. If you believe in the principles of “people and service” and feel excitement from “profit and growth,” then we encourage you to check out our internship program.

 

UFG can offer you an award-winning workplace and a trustworthy, financially-stable company. While we’ve always known our commitment to employees and financial stewardship, it is good to have others recognize our dedicated efforts. UFG was named to the “2017 Top Workplaces” list by The Des Moines Register, and was also included on the Forbes’ America’s Most Trustworthy Financial Companies” list for 2015, 2016 and 2017. Additionally, UFG is a super-regional property and casualty insurer rated “A” (Excellent) by A.M. Best Company.

 

UFG is looking for an ambitious, career-minded individual with strong analytical and people skills for a professional Actuarial Internship. This will be an excellent full-time opportunity during the summer to work under the direction and supervision of an experienced actuary. The Actuarial Intern will assist with supporting major actuarial work products which include reserve analysis, rate filing support, and various ad-hoc projects.

 

The Actuarial Intern will primarily assist with actuarial analyses and projects that are needed in order to properly and accurately support accounting and reporting requirements on a monthly, quarterly, and annual basis. Additional projects may include assisting the Underwriting department with rate filings or doing special projects for the claim department. All work will involve property & casualty insurance and must adhere to accepted actuarial standards, methodologies, and knowledge gained through either coursework or on the job training. The Actuarial Intern will work closely with the Actuary, Senior Financial Analyst, and Reinsurance Accountants.

 

 

Responsibilities

 

  • Complete detailed analyses for various purposes while researching and resolving various issues as they arise
  • Collect, assemble, and verify data which will be used for various purposes
  • Ability to recognize and correct anomalies within data and complex calculations
  • Accurate, effective, and efficient modification of existing Excel spreadsheets and creation of new spreadsheets
  • Prepare internal and external communications, including interactions with regulatory authorities and management that will describe and support reported results, observations, and recommendations

 

Qualifications

 

  • Undergraduate majoring in actuarial science, mathematics, economics, statistics, or a closely related area
  • Proven technical and analytical abilities, leadership potential, innovation, creativity and superb communication skills
  • Standard knowledge of data sources and applications used to conduct research
  • Working knowledge of data analysis
  • Ability to analyze data and review analysis from others and identify and resolve basic data issues
  • Computer proficiency in Microsoft Office products including Excel, Word, Outlook
  • Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels
  • Organizational and project management skills needed to handle multiple concurrent assignments in a timely manner
  • Strong problem solving and decision making skills
  • Works effectively in a team environment
  • Successful completion of one or more actuarial exams recognized by the Casualty Actuarial Society is preferred
  • Knowledge of basic actuarial and accounting principles and methods applicable to property & casualty insurance is preferred
  • Ability to write documentation describing data sources, processes, work flows, and complex calculations is preferred
  • Ability to write reports and memos that convert data analyses into key observations, conclusions, and recommendations is preferred

 

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