Actuarial Co-op (September to December)
The Travelers
- Toronto, ON
- Training
- Full-time
Actuarial Research and Development (R&D)
Business Pricing
Personal Insurance Pricing
Actuarial ReservingCandidates may be required to work for other teams on an ad-hoc basis however. The candidate will be responsible for a range of projects and tasks which will involve interaction with many areas of the business.Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ insurance knowledge.Duties may include:
- Data preparation, validation, reconciliation and analysis of premium, claims and other data
- Using software such as SAS, MS Access and Excel to produce analyses
- Communicating results with finance and/or the business and securing their buy in
- Managing multiple projects simultaneously
- Developing product knowledge
- Analyzing and assisting with property and auto rate level indications
- Testing of new rate systems
- Working with actuarial colleagues from other business areas
- Participating in rate filing preparations
- Supporting implementation of rate changes, product enhancements and testing controlsLevel Differentiation :Minimum Qualifications :Education, Work Experience & Knowledge :Because the Actuary Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.
For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice.
Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their penultimate year is preferred.Targeted Majors:
Actuarial Science, Mathematics, Computer Science, Economics, Statistics or equivalent.Licensing or Certificates :Job Specific & Technical Skills & Competencies :Strong academic record
Strong verbal communication skills
Commitment to passing actuarial examinations
Skilled independent problem solver
Self-motivated team player
Detail oriented
Proficiency with Microsoft Excel
Knowledge of Microsoft Access, VBA or SAS considered an asset
Prior actuarial experience considered an asset
Legally eligible to work in Canada.What Is in It for You?
- Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
- Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
- Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.