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Actuarial Analyst Intern

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Job ID R0050409 Date posted 07/31/2020

Purpose of Job

USAA’s 10-week, summer internship program offers college students the chance to discover what it’s like to work at a Fortune 100 company and leading financial services organization. Our interns deliver innovative solutions to real business challenges, and build enduring relationships with their manager and an assigned mentor. While gaining insight into the service of the military community and USAA’s noble mission, interns are immediately part of USAA’s collaborative culture. Spend your summer at USAA and gain a career where you can make a difference!

The actuaries at USAA are trusted experts when it comes to quantitatively assessing the risk and uncertainty associated with future events.  Key projects in the actuarial space include pricing insurance policies, setting loss reserve amounts, building models to predict expected losses, simulating market scenarios, forecasting revenues, and accounting for the possibility of catastrophes. If math comes easily to you, if you love finding patterns in data, if you can communicate advanced topics to a non-technical audience, if you have a fundamental understanding of programming logic – consider an actuarial internship at USAA.

Our 2021 summer internship program will start on May 24, 2021 and last through July 30, 2021. To be eligible, you must be a college student during the time of the internship program.

Job Requirements

Tasks:

  • Acquire foundational knowledge of the business and apply it to solve problems
  • Collaborate with business partners to define objectives
  • Use actuarial tools and software to analyze financial or market scenarios
  • Manipulate data tables, run models, and generate reports
  • Test model assumptions
  • Adjust and improve models where appropriate
  • Analyze industry- and location-specific trends and regulatory/legislative activity
  • Identify impact of emerging trends on the membership and on business results
  • Identify critical metrics and segments to monitor
  • Suggest timely remedies to correct or prevent unfavorable outcomes

Minimum Education:

  • Currently pursuing a bachelor’s degree at an accredited university
  • Graduation date cannot be prior to the end of the internship

Minimum Experience:

  • 0 to 2 years of related experience and accountability for simple to moderately complex tasks and/or projects required
  • Foundational and conceptual knowledge of the function/discipline and demonstrated application of knowledge, skills and abilities towards work products required
  • Foundational level of business acumen in the areas of the business operations, industry practices and emerging trends required

Preferred Education/Experience:

  • Majoring in Actuarial Science, Mathematics, Statistics, Computer Science, Economics, Finance
  • Foundational knowledge of SQL, VBA, SAS, R
  • Experience explaining/presenting technical topics
  • 1 or more actuarial exams

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