Intern – Actuarial Team

Back to job search
Intern – Actuarial Team

Intern – Actuarial Team

  • Location:

    City of London

  • Salary:

    Competitive

  • Contact:

    Aaron Gavin

  • Contact email:

    Talent@acinrecruit.co.uk

  • Job ref:

    37

  • Published:

    27 days ago

  • Expiry date:

    2021-06-14

The Company

An exciting, fast-growing and niche Insurance company based in the City. We were set up to do things differently. In just five years, we already have some of the best results in the industry and have created a company known for excellence and outperformance.

This is one of the lesser known, but most interesting areas of finance. We are a global provider of specialty insurance and reinsurance. This means we provide financial protection for corporations and other insurance companies against natural catastrophes, political and credit risks, terrorism, aerospace failures, marine accidents and other large or unusual events.

We employee people from lots of different backgrounds, but what they have in common is their intellectual ability, work ethic, and their desire to work in a collaborative and fast-paced environment where they can make an impact.

You

Our company is growing, and our team share in that success. We’re looking for motivated students who have done their research into our industry and who want a challenging experience that they will learn from.

This role would suit someone who:

  • Can demonstrate an interest in (or a basic knowledge of) commercial insurance

  • Shows a strong knowledge and understanding of Microsoft Excel – This is highly valuable as much of the work we do is spreadsheet/Excel focused

  • Has basic competency in MS Office applications: Word, Outlook, and Adobe Standard

  • Has excellent written and verbal communication skills

  • Has developed strong interpersonal skills in order to work effectively and professionally with diverse groups

  • Can demonstrate a high level of numeric competency

  • Is comfortable delivering accurate, thoughtful, detail-oriented work within tight deadlines

The job

Working with our team of Actuaries and Catastrophe Modellers in a fast paced, collaborative environment, your role will be both varied and challenging. You will be working across several different lines of business, a great way to develop your knowledge on all types of insurance. Some of the duties in this role will include:

  • Using your mathematical abilities to quantify and understand catastrophe and terrorism risk

  • Learn to use Catastrophe Modelling software, to analyse all kinds of property portfolios, from retail chain shops to industrial plants.

  • Develop your knowledge around the different perils that cause losses to property portfolios, like Hurricanes, Earthquakes, and Storms.

  • Project manage and oversee the workflow of risks worked on by Catastrophe Modellers, liaising with Underwriters and providing regular updates on workflow.

  • Organise the outsourcing of data cleansing to ensure smooth running of our processes

  • Assisting colleagues in project work to develop and better our modelling capabilities, so we are constantly evolving and adapting to new technologies and market conditions.

  • Managing and answering queries from both the underwriters and data cleansing outsourcers.

Who you will meet:

Your day-to-day stakeholders will likely include:

Underwriters are at the centre of our business. They are the client-facing decision makers who market our products and decide what to buy/sell. Many underwriters are qualified with the Chartered Institute of Insurance.

HR is responsible for the management of the company’s most important asset —its people. It involves developing and administering programs that are designed to increase the effectiveness of the business and establishing legally sound and commercially appropriate policies and procedures to attract, manage, develop, and retain top talent.

Lawyers: Our lawyers are involved in all stages of Fidelis’ business. They cover a wide range of work including advising on Mergers and Acquisitions, working with Underwriting in the structuring and documentation of bespoke insurance products and policy wordings and claims/coverage/litigation advice. A number of our Lawyers come from non-law undergraduate backgrounds having taken the law conversion route.

Claims professionals are responsible for managing a claim from notification through to settlement which includes determining the validity of a claim, the extent of cover and acting as the first line in detecting fraudulent activity. 

Compliance helps the business to navigate the complex laws and regulations that apply to insurance companies and to support the business’ ability to manage regulatory risks.

If it sounds daunting, do not worry – we understand, we have been through it too. You’ll get a “buddy”, a recent graduate and young professional, who’ll be with you throughout the internship to act as a friendly guide and mentor.

We look forward to hearing from you!