Actuarial - 2023 Summer Internship Program (CR)

  • Jersey City, NJ, USA
  • Full-time
  • Verisk Business: Verisk Analytics

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

Program Overview: 

Verisk‘s Summer Internship Program is designed to provide you with real work experience, professional development, and networking opportunities. This is a full-time (40 hours/ week) paid internship program spanning ten weeks from June through August 2023. Participation in the internship program requires that you are located near your assigned office as the program is a hybrid work schedule, requiring you to be in the office at least 2 days per week.

We are hiring in the following U.S. location: Jersey City, New Jersey. 

At Verisk, we have a longstanding commitment to inclusion, diversity & belonging in our workplace and marketplace. Click here to read our statement on Racial, Equity and Diversity and learn more about our Employee Network Groups and our commitment to making a change.  

We have opportunities for students interested in exploring Actuarial careers around the globe. ISO, a Verisk business, has been a leading source of information about property/casualty insurance risk since 1971. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. 

Actuarial Roles & Responsibilities:

  • Prepare products for regulators and internal & external customers in a timely and accurate manner.  Products may include loss cost reviews, filings, circulars, annual statistical filings, and customized data products to meet customer needs. 
  • Work on other projects such as class plan reviews, territorial reviews, regulatory reports and fulfilling contractual obligations. 
  • Write and run computer programs to extract data for review and report compilation. 
  • Review the quality of data submitted by insurance companies both on transactional and aggregate levels. 
  • Develop more efficient, automated ways to improve processing including data quality and error detection processes.  This can include providing suggestions for improvements in ratemaking and data quality review procedures. 
  • Help respond to questions from regulators and insurers on filings, circulars and other products. 
  • Contact ISO’s insurer customers and other organizations regarding the reasonableness of reported data. 
  • Make actuarial and data management presentations to Insurer Panels, insurers who report data to us and ISO users of data. 
  • Collaborate with other ISO divisions (actuarial, analytical and technology) on improving data, products and procedures. 
  • Become a subject matter expert on one or more lines of property-casualty insurance business. 
  • Perform other duties as assigned.   

 

Qualifications

Required Experience

  • Currently enrolled in a college or university, studying Mathematics, Data Science, Statistics, Economics, Risk Management, Operational Research or related discipline.
  • Interest in the insurance industry. 
  • Strong written and oral communication skills. 
  • Ability to work independently and as part of a team. 
  • Ability to work under time constraints, multi-task, and adjust plans in the face of changing priorities. 
  • Continued desire and ability to learn. 
  • Ability to perform essential job duties with or without reasonable accommodation.  

Preferred Experience (not required):  

  • Passage of at least one actuarial exam is preferred; not required. 
  • Technical background should include a working knowledge of MS Office applications and understanding of computer programming concepts. 
  • Knowledge of SQL, SAS, R, ETL tools or Business Rules Engines is a plus 
  • Background experience in Tableau, Spotfire, COGNOS, Power BI or other data visualization software would be advantageous. 

The Intern Program is not eligible for work visa sponsorship.  If you will require work visa sponsorship (e.g. H1-B visa)” after completing your degree, you do not meet the basic requirements of the summer intern role.

Additional Information

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.   

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.  

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.  

It’s the reason Verisk is part of the UN Global Compact sustainability initiative. It’s why we made a commitment to balancing 100 percent of our carbon emissions. It’s the aim of our “returnship” program for experienced professionals rejoining the workforce after time away. And, it’s what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers’ problems.   

At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do. 

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the fifth consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce.  Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.  

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

http://www.verisk.com/careers.html

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume. 

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At Verisk, the health and safety of our people is our number one priority.  Effective November 15, 2021, and subject to applicable law, all prospective hires for office based roles or roles that support any of our businesses’ government contracts will be required to demonstrate that they are fully vaccinated against COVID-19 by their start date, or qualify for a legally-required medical or religious accommodation to this vaccination requirement, as a condition of employment. Hired candidates who do not demonstrate that they are fully vaccinated against COVID-19 by their start date, and who have not been approved for a legally-required medical or religious accommodation will no longer meet the requirements for employment and their offers of employment will be immediately rescinded, in accordance with applicable law.

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