Actuarial Intern

Actuarial Internship OpportunityAt Coaction, we're a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.Coaction Specialty Insurance is offering an exciting opportunity to entrepreneurial and ambitious college students interested in an actuarial career. Coaction's Actuarial department works with internal customers across a wide range of all lines of business, helping them to keep the big picture in focus while being able to dive into unique and complex business challenges. You will draw upon your strong mathematic, technical, and problem-solving skills to analyze data while learning about the Property & Casualty industry and insurance company operations. You will have the opportunity to work individually and collaboratively with actuaries as well across various areas that may include such areas as underwriting, claims, and/or corporate risk management.ResponsibilitiesAssist actuaries with reserving, pricing, catastrophe modeling, or capital modeling initiativesResearch industry and competitor results for benchmarkingDevelop price monitoring capabilitiesAssemble, verify, and analyze exposures used for catastrophe modelingDocument all new processes (as well as existing ones to the extent they are incorporated in role)Reconcile final dataset outputs to ensure no coding or system errorsQualificationsEligible candidates MUST be rising juniors with a targeted graduation date of May 2028 (2026, 2027, or 2029 graduates will not be eligible).Students must currently be in pursuit of their Bachelor's Degree in business, finance or a related fieldStudents with strong analytical skills and a solid mathematical frameworkProficiency in ExcelSQL coding experience preferredExperience in working with databasesDetermination to learn new technical skillsExcellent organizational and time management skillsEffective oral and written communication skillsEmbraces new challenges and develops innovative solutions to problemsStrong sense of curiosityActively pursuing the actuarial exams with preferably at least one exam passedMinimum GPA of 3.5Important NotesCoaction's internship program does NOT offer remote work. Our internship roles are 5 days a week in our Morristown office.Candidates must live local to the Morristown, NJ area as we do not provide relocation assistance and require in office attendance. Our internship program will take place Summer 2027 from June-August.Equal Opportunity EmployerCoaction is an Equal Employment Opportunity employer. Coaction's policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.