United Fire Group P&C Actuarial Intern in Cedar Rapids, Iowa

Overview

UFG offers you an award-winning workplace and a trustworthy, financially stable company. While we’ve always known our commitment to employees and financial stewardship, it is good to have others recognize our dedicated efforts. We've been named an Iowa Top Workplace by theDes Moines Registerfor four consecutive years, and included onForbes’“America’s Most Trustworthy Financial Companies” every year since 2014. Additionally, UFG is a super-regional property and casualty insurer rated “A” (Excellent) by A.M. Best Company.

Here at UFG, we have a shared vision built on the dynamic foundation of people, service, profit and growth. We believe this vision is the right approach for our employees, and the smart approach for our business. If you believe in the principles of “people and service” and feel excitement from “profit and growth,” then we encourage you to check out our internship program.

UFG is looking for an ambitious, career-minded individual with strong analytical and people skills for a professional Actuarial Internship. This will be an excellent full-time opportunity during the summer to work under the direction and supervision of an experienced actuary. The Actuarial Intern will assist with supporting major actuarial work products which include reserve analysis, rate filing support, and various ad-hoc projects.

The Actuarial Intern will primarily assist with actuarial analyses and projects that are needed in order to properly and accurately support accounting and reporting requirements on a monthly, quarterly, and annual basis. Additional projects may include assisting the Underwriting department with rate filings or doing special projects for the claim department. All work will involve property & casualty insurance and must adhere to accepted actuarial standards, methodologies, and knowledge gained through either coursework or on the job training. The Actuarial Intern will work closely with the Actuary, Senior Financial Analyst, and Reinsurance Accountants.

The schedule is from 8:00AM – 4:30PM Monday - Friday during the summer months of 2019.

Responsibilities

  • Complete detailed analyses for various purposes while researching and resolving various issues as they arise

Collect, assemble, and verify data which will be used for various purposes

Ability to recognize and correct anomalies within data and complex calculations

Accurate, effective, and efficient modification of existing Excel spreadsheets and creation of new spreadsheets

Prepare internal and external communications, including interactions with regulatory authorities and management that will describe and support reported results, observations, and recommendations

Qualifications

  • Undergraduate majoring in actuarial science, mathematics, economics, statistics, or a closely related area

Proven technical and analytical abilities, leadership potential, innovation, creativity and superb communication skills

Standard knowledge of data sources and applications used to conduct research

Working knowledge of data analysis

Ability to analyze data and review analysis from others and identify and resolve basic data issues

Computer proficiency in Microsoft Office products including Excel, Word, Outlook

Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels

Organizational and project management skills needed to handle multiple concurrent assignments in a timely manner

Strong problem solving and decision making skills

Works effectively in a team environment

Successful completion of one or more actuarial exams recognized by the Casualty Actuarial Society is preferred

Knowledge of basic actuarial and accounting principles and methods applicable to property & casualty insurance is preferred

Ability to write documentation describing data sources, processes, work flows, and complex calculations is preferred

Ability to write reports and memos that convert data analyses into key observations, conclusions, and recommendations is preferred

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Job ID2018-1848

of Openings1

Job LocationsUS-IA-Cedar Rapids

CategoryAccounting

TravelNone

Company Car Provided?No