Actuarial Intern

Toronto (Region), Ontario

Company Information

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Target Openings

4

Job Description Summary

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

The Actuarial Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.

This role is an exciting opportunity to work with one of the largest employers of P&C actuaries in North America. As an Actuarial Assistant, the successful candidate will be offered an opportunity to gain relevant property and casualty insurance and business experience in personal and/or commercial lines while working in a dynamic, team-focused environment.

As a member of the Actuarial Department, the candidate will act as an effective contributor to their team, and will interact with insurance professionals from underwriting, claims, finance and information systems as necessary.

There are four roles available -- one each for: 
Analytics & Research (A&R)
Business Insurance Pricing
Personal Insurance Pricing
Corporate Actuarial

Candidates may be required to work for other teams on an ad-hoc basis however. The candidate will be responsible for a range of projects and tasks which will involve interaction with many areas of the business.

Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns' insurance knowledge.

Duties may include:
- Data preparation, validation, reconciliation and analysis of premium, claims and other data
- Managing multiple projects simultaneously
- Developing product knowledge
- Testing of new rate systems
- Statistical model building and validation

- Exposure to machine learning models and working in python

- Using software such as SAS, MS Access and Excel to produce analyses

- Analyzing and assisting with property and auto rate level indications

- Participating in rate filing preparations

- Supporting implementation of rate changes, product enhancements and testing controls

- Supporting quarterly reserve analysis for all lines of business

- Determining estimates for catastrophic events

- Working with Finance on monthly IBNR booking

Education, Work Experience, & Knowledge

  • Because the Actuarial Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.
    For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making actuarial their future career choice.
    Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their 3rd or 4th year is preferred.
  • Targeted Majors: Actuarial Science, Mathematics, Computer Science, Economics, Statistics, Computer/Electrical Engineering or equivalent.

Job Specific Technical Skills & Competencies

  • Strong academic record
  • Strong verbal communication skills
  • Commitment to passing actuarial examinations
  • Skilled independent problem solver
  • Self-motivated team player
  • Detail oriented
  • Proficiency with Microsoft Excel
  • Knowledge of Microsoft Access, VBA or SAS considered an asset
  • Prior actuarial experience considered an asset
  • Legally eligible to work in Canada.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.


About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.