Actuarial Intern

Berkley Fire and Marineseekto be the most sought-after Specialty Inland Marine Solution provider recognized for extraordinary people who deliver exceptional results consistently for all its stakeholders. Our main strategy includes having a specialty focus empowering our people using data and analytics to increase effective and efficientoperationsand investing in our future through innovation.Wemaintaina strong local presence in each of our markets keeping underwriting andsupportclose to the customer.

Berkley Fire and Marine is a member company of W. R. Berkley Corporation; aFortune 500 company whose insurance company subsidiaries are rated A (Superior) by A.M. Best.

Join our team as an Actuarial Intern and gain hands-on experience in the field of actuarial science. Our team is small but you will work closely and report to our Senior Actuarial Analyst in Chicago while also gaining exposure to our Chief Actuary and other disciplines within Berkley Fire and Marine contributing to various projects thatimpactour business and clients. Interns are provided with the opportunity to work on innovative projects and gain experience through various departments: including underwriting claims operations and actuarial.

The BerkleyFire and Marine10-week framework ensures that interns not only get a comprehensive understanding ofour insurance operations but also feel engaged and prepared to contribute effectively to their future careers.

Key functions include but are not limited to:

• Assistin data collection analysis and interpretation to support actuarial projects.
• Learn and help execute the monthly price monitoring and reserving process for Berkley Fire and Marine.
• Preparesummary level reports to ensure understanding of the process
• Prepare rate indications for one of our niche books with summary level findings
• Support the development and maintenance of actuarial models and databases
• Collaborate with team members to enhance efficiency and development of new actuarial methods
• Learn the specialty inland marine market from the various other disciplines which sit in the Chicago office and gain exposure to other operating units within the WR Berkley umbrella

• Must be enrolled inaccreditedUniversity pursuing a bachelors degree in actuarial science Mathematics Statistics or a related field and have completed50 hoursof credit toward graduation.
• Must be able to work independently in an entrepreneurial environment.
• Strong analytical and problem-solving skills.
• Proficiencyin Microsoft Excel and other statistical software.
• Excellent communication and teamwork abilities.
• Eagerness to learn and apply new concepts in a professional setting
• Must be available to commit to a 10-week internship (work hours: 3-4days a week)