Actuarial Co-op
Actuarial Co-op
Posted on :
07-08-2025
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1 Vacancy
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Job Description
Simply Business is a digital insurance brokerage that specializes in one thing: protecting the businesses our customers are working hard to build. Were doing this by simplifying the insurance-buying process for all small businesses blending together a combination of technology data and insurance knowledge. Our proprietary technology platform allows small business owners to easily search and compare quotes from over 20 top-rated insurance providers customize their coverage and purchase and access their policies - all online.
Founded in the UK in 2005 Simply Business is an insurtech pioneer with nearly 20 years of experience supporting small businesses. Simply Business is passionate about building an outstanding product for our customers - one that empowers their entrepreneurial spirits.
More importantly were doing it all while taking care of our people. Weve consistently been named a best place to work including most recently ranking in Built Ins 2025 Best Companies to Work for in the US (Top 100) and Best Places to Work in Boston.
We want team members who have the drive to challenge boundaries. If youre smart and passionate about delivering brilliant customer experiences wed love to hear from you.
As an Actuarial Co-op you will be an integral part of our actuarial team working alongside experienced actuaries and other professionals. You will have the opportunity to apply your quantitative skills to real-world insurance problems gaining valuable insights into the P&C insurance industry. This role will provide exposure to various actuarial functions including ratemaking reserving and data analytics.
Location: Boston Massachusetts
Term: Fall 2025 6-12 months
Responsibilities:
- Assist in the analysis of premium and loss data to support ratemaking and pricing decisions for various P&C insurance products.
- Contribute to the quarterly and annual reserving process by helping to prepare data and perform initial analyses.
- Utilize and develop spreadsheets databases and other software to manipulate and analyze large datasets.
- Support the development and maintenance of actuarial models and tools.
- Collaborate with colleagues in underwriting claims and finance on ad-hoc projects.
- Prepare and present findings from your work to the actuarial team.
- Participate in departmental meetings and training sessions.
Qualifications:
- Currently pursuing a bachelors degree in Actuarial Science Mathematics Statistics Economics or a related quantitative field.
- Excellent analytical and problem-solving skills with a high attention to detail.
- Proficiency in Microsoft Excel is required.
- Familiarity with data analysis tools and programming languages such as SQL R or Python is a significant asset.
- Strong written and verbal communication skills.
- A proactive and eager learner with a demonstrated interest in a career in the P&C insurance industry.
- Must be eligible to work in the U.S.
What We Offer:
- Competitive hourly compensation.
- A dedicated mentor to guide you throughout your co-op term.
- Opportunities to network with senior leaders and other professionals across the organization.
- Challenging and impactful work that will enhance your skills and resume.
- A collaborative and supportive team environment.
Here are some of the great benefits and perks that come from being a Simply Business employee:
-Group plan for medical dental vision and prescription drug coverage
-Short term disability long term disability and life insurance coverage
-Participation in the Companys bonus program-Participation in 401(k) plan with a 5% employer match
-Commuter benefits to help cut down on parking and public transit costs
-25 days of vacation time plus 10 sick days and 10 company holidays
-A genuine investment in your learning and development-Regular team outings and volunteer opportunities
-An awesome office space
-A hybrid working model giving our employees great choice and flexibility to work in a way thats best for their particular job their teams and their lives.
Simply Business is an equal opportunity employer. Were committed to welcoming and helping employees grow within an inclusive & diverse culture. And that commitment starts with our interview process.
Once you apply your info will be reviewed by a team with a mix of levels and experiences. We pride ourselves on fostering a sense of community which is only made stronger by each individual at SB so youll have the opportunity to meet a variety of people throughout the process. Get excited!
Most of our first round interviews will take place over subsequent interviews there may be an opportunity/expectation to meet team members in person.
If it looks like you could be a good fit for the role well ask you to interview on Zoom first regardless youll need WiFi and a laptop or a 4G-enabled smartphone. If you dont have access to either of these or you need support with your application get in touch with us at
Employment Type
Intern
Key Skills
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