Actuarial Intern

Overview

Why AAA Life

AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.

How You’ll Work

• Work Solution: Hybrid

Responsibilities

What you will do

• Gain experience at an established and still rapidly-growing company
• Develop a well-rounded actuarial skill and learn from accomplished and credentialed teammates
• Hone technical skills by developing significant analysis and reporting on projects within one of two different teams, including: 
  • Product Development and Innovation
  • Valuation and Financial Reporting
• Participate in a culture that promotes work/life balance and a dress-for-your-day dress code
• Form relationships with actuarial manager who will promote an open line of communication to provide mentorship and training on the technical and soft skills it takes to succeed in the actuarial profession
• Enjoy team-building and bonding activities with colleagues
• Earn competitive compensation
• Spend time in face to face meetings with executives

Key Responsibilies

• Understands, programs, tests, and validates data using Access, Excel or advanced programming techniques (e.g., SQL, C#, etc.)
• Performs ad-hoc reporting
• Reviews own work for accuracy
• Uses established documentation and procedures and recommends updates where appropriate

Expected Outcomes

The Actuarial Intern will be responsible for the functions described in one or more of the following areas:

PRICING AND PRODUCT DEVELOPMENT:

• Performs competitor studies or other related product research
• Utilizes MG-ALFA actuarial software to develop financial models
• Gathers data needed to develop or validate pricing assumptions
• Supports the creation of models through data gathering, data validation, and grouping of assets & liabilities

VALUATION AND FINANCIAL REPORTING: 

• Performs experience studies
• Assists in the calculation and validation of statutory, GAAP, and tax reserves
• Runs month-end reporting process
• Gathers data for financial statement preparation
• Updates and runs financial forecasting models

Qualifications

Required Qualifications

• Pursuing a Bachelor’s degree in Actuarial Science, Computer Science, Mathematics, or related field
• Completion of at least one Society of Actuaries exam preferred
• Experience with Microsoft Access and Excel
• Demonstrated ability to work effectively with others
• Strong verbal and written communication skills
• Programming and testing in a database environment
• Reviewing results for accuracy and reasonableness
• Learning company operations, systems and actuarial methodologies quickly
• Working to meet deadlines with limited supervision

While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel, talk, hear and concentrate. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.

This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.