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Posted 10 days ago

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Actuarial Intern

RosemontOn-siteContract

AI Summary

Actuarial intern supporting life and annuity valuation, modeling, forecasting, pricing, product management, asset liability management, and enterprise risk management at Kuvare Corporate Management.

About this role

About the role


The Actuarial Internship for Kuvare Corporate Management (KCM) is designed to offer an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Pricing and Product Management, Asset Liability Management, and Enterprise Risk Management.


What you'll do


As aninternyour day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your internship. Duties and responsibilities include, but are not limited to

Valuation tasks

  • Prepare and helpmonitorreserve trends monthly on GAAP, statutory, and tax accounting bases
  • Develop management reporting for existing business
  • Assistin preparation of Statutory Annual and Quarterly Statements
  • Update models and organize results for management.
  • Assistin gathering information and analysis for external auditor inspections

Product Management tasks

  • Produce, present, and improve monthly business monitoring reporting
  • Provide insight and analysis toinforceexperience trends
  • Assistin the development and analyze annual Illustration Actuary testing models
  • Assiston special policy illustration requests
  • Assist on Product related projects and requests

Modeling and Forecasting tasks

  • Build and review model inputs to support financial projection capability
  • Execute andmonitormodel projections including troubleshooting model calculations
  • Analyze model output ensuring accuracy with intended model purpose

Qualifications


Experience

  • Progress towards, or completion of a BA/BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
  • Success in passing at least one SOA/CAS exam preferred

Skills/Competencies


  • Strong analytical and problem-solving skills
  • Strong business and collaboration skills
  • Proficiencyin MS Office (Excel, Access, Word, PPT)
  • Excellent verbal and written communication skills
  • Flexible can-do attitude, willing tohelp outwith all types of tasks in an ever-changing environment
  • Passion to learn new things and designnew solutions
  • Work both independently and as part of a team


Physical Demands

  • Normal office working environment
  • Ability to type / perform data entry
  • Ability to read from a computer screen and paper reports
  • Express ideas and otherwise communicate with the spoken word

About Kuvare


Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

Kuvare family of companies:

Retail Annuity and Life Insurance Solutions:
- United Life Insurance Company
- Guaranty Income Life Insurance Company
- Lincoln Benefit Life

Institutional Insurance:
- Kuvare Life Re

Bespoke Insurance Solutions:
- Ignite Partners

Skills

AccessCAS ExamData EntryExcelFinancial ProjectionsGAAPManagement ReportingMicrosoft OfficeModel CalibrationModelingPPTQuarterly StatementsReserve TrendsSOA ExamStatutory AccountingStatutory Annual StatementsTax AccountingWord

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