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Early Careers: Insurance Consulting & Technology - Actuarial Intern - Summer 2024

WTW

WTW

Early Careers: Insurance Consulting & Technology - Actuarial Intern - Summer 2024

Philadelphia, PA +8 locations
Internship
Paid
  • Responsibilities

    Locations: Arlington, Atlanta, Chicago, Hartford, Irvine, New York, Philadelphia, San Diego, and St. Louis

    Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

    Create a career that goes in the direction you choose. Get to know opportunity.

    The Business

    Create your future. Our Insurance Consulting and Technology business helps our clients in the insurance industry improve business performance. We use our deep analytical skills to solve practical business problems, applying the latest techniques and software solutions to help clients measure and manage risk and capital, grow revenue and create competitive advantage.

    Explore an opportunity. As an actuarial intern with either our Life or Property & Casualty division, you will work as part of a team on a wide variety of complex projects spanning product development, financial and risk management, financial modeling and software implementation, and mergers and acquisitions for insurance companies. Our clients demand leading edge products and expertise; as an intern with our firm you can expect to gain tremendous exposure to many different aspects of insurance operations and learn practical skills working directly with credentialed actuaries.

    Love your work. You will work side-by-side with some of the industry’s top consultants while you develop cutting edge technical knowledge and skills and gain experience working with a variety of clients across industries. As part of your role, you will:

    • Assist with the pricing, valuation and development of insurance products
    • Work to develop financial projections of clients’ insurance business
    • Follow the firm’s Excellence guidelines
    • Seek and participate in key learning and development opportunities/maintain steady progress towards actuarial credentials
    • Build strong relationships internally and with client representatives
    • Document, review and present your own work
    • Assist in creating detailed project plans
    • Monitor project progress against deadlines and budget

    About you:

    • Pursuing a Bachelor’s or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0
    • Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between December 2023 through June 2025
    • Successful completion of one or more actuarial exams highly preferred
    • Work or extracurricular experience that demonstrates strong technical and/or client service skills and leadership
    • Excellent oral and written communication skills
    • Strong computer skills and proficiency in Microsoft Office, particularly Excel
    • Able to work legally in the United States indefinitely and without Visa sponsorship

    Compensation

    The hourly rate being offered for this role is $30.00 - $37.00/hr. depending on exam progress.

    This role is also eligible for overtime.

    Company Benefits

    WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

    • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

    The Application-Interview Process:

    Step 1: Online application, including resume/CV

    Step 2: Online assessments and Video Interview

    Step 3: Virtual Interview with business

    Step 4: Offer and on-boarding

    WTW Work Flex: At WTW, we see things differently. We understand flexibility is key to supporting an inclusive and diverse workforce and so we have a variety of different working arrangements which we call “WTW Work Flex”. We encourage colleagues and candidates to make requests for the types of flexible working arrangements that suit them. Visit our career site for more information: https://careers.wtwco.com/wtw-work-flex/

    Recruiting tips:

    WTW specializes in preparing for the unknown. Here’s how to get ready for the big day: https://careers.wtwco.com/hints-and-tips/

    EOE, including disability/vets

  • Industry
    Financial Services
  • Locations
    San Diego, CA • Irvine, CA • Hartford, CT • Atlanta, GA • Chicago, IL • Saint Louis, MO • New York, NY • Philadelphia, PA • Arlington, TX
  • About Us

    At WTW, we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help you sharpen your strategy, enhance organizational resilience, motivate your workforce and maximize performance.