Actuarial - Commercial Lines, Personal Lines, and Loss Reserving Summer Internships - Short Hills, N

About Us At Selective, we don't just insure uniquely, we employ uniqueness. Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2025 and certification as a Great Place to Work in 2025 for the sixth consecutive year. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. Overview Calling all college students! Planning to intern during the summer of 2027? Kick-off your career at Selective Insurance by joining our award-winning Ignite Internship program at our corporate office in Short Hills, NJ. The Ignite Internship Program is an 11-week, full-time experience that offers a sneak peek into the world of insurance. Level up your skills and knowledge by diving into your business area of choice. Throughout the program, you’ll get a feel for the corporate environment with on-job assignments, team projects, exposure to senior leadership & executives, and even a community volunteer day. All of this and more will help you build meaningful relationships throughout the organization. So, what are you waiting for? Come and make summer 2027 one to remember with Selective! The Actuarial Department is responsible for setting the company’s rate and reserve levels to ensure appropriate pricing and adequate reserve levels are maintained. The department provides experience reports, underwriting tools, and strategic guidance, and we are responsible for the construction of predictive models related to pricing. As a summer intern, you will work directly with experienced actuaries to gain hands-on, relevant experience. Responsibilities Perform pricing and experience analyses. Prepare data and templates for quarterly loss and LAE reserve analyses. Prepare special reports, data compilations, analysis of company and industry experience, and other ad hoc analysis requests. Implement and suggest improvements and efficiencies to current processes. Develop a foundational knowledge of the functions performed by the Actuarial Department, and how the unit relates to other functional areas of the organization. Qualifications Knowledge and Requirements Effective communication and interpersonal skills. Proficient with Microsoft Office, specifically Word and Excel. Experience with programming languages or statistical modeling packages (e.g., SQL, Access, R, Python, etc.) a plus. Be currently working towards an applicable degree or have relevant classroom experience, preferably majoring in Actuarial Science, STEM (Science, Technology, Engineering, Mathematics), or another analytical field. College credit can be earned depending on your institution’s requirements. Education and Experience High School Diploma required. Ideal internship candidates will be full‑time undergraduate college Juniors or Seniors, with the ability to perform at a professional level. Total Rewards Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off plans. Additional details about our total rewards package will be provided during the recruiting process. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs. Pay Range USD $22.00 - USD $25.00 /Hr. Additional Information Selective is an Equal Employment Opportunity employer. That means we respect and value every individual’s unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences – and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions. #J-18808-Ljbffr Selective Insurance Company of America