Actuarial Intern

New Jersey Manufacturers Insurance Company · United States

Consider joining NJM’s 2027 Paid Summer Intern Program! This is a robust program that includes:

• Lunch with our leaders.
• Meaningful work where you are a contributor and collaborator.
• Team Intern Project: Researching and presenting a business question to our top leaders.
• Leader Presentations: Insurance Industry, Key Departments and how they work and more.
• Informational interviews in areas you want to learn more about.

• Night at the Trenton Thunder Game
• Volunteer events to give back to the community in which we serve
• Networking activities

• Teaches basic knowledge of Actuarial techniques and provides meaningful applications of coding languages
• Involves data gathering/transformation and learning to extract insights out of data
• Provides a chance to work closely with other actuaries on a day-to-day basis and gain experience in a professional setting
• Offers an opportunity to communicate results to management

• Creating a tool that automated the analysis of quotes and bind information
• Completing a Countrywide reserve review for an entire Line of Business
• Developing an automation tool that iteratively analyze 100’s of rating variables
• Performing in-depth analysis of a pricing variable by utilizing a simulation tool to test rates against competitors
• Conducting a thorough competitor insights analysis for the launch of a new Line of Business
• Performing cluster analysis to define customer classes
• Completing full profitability and impact analysis of a potential new product
• Analyzing industry loss trends and developing proposals

• Learn about the insurance industry and basic Actuarial techniques (such as extension of exposure on-leveling, loss development triangles, etc.) and applying them to solve real business problems
• Learn and heavily utilize Excel, SQL, SAS, and/or PowerBi in various projects
• Lead a pricing or reserving project, develop recommendations based on the analysis, and present findings to management and/or other departments
• Conduct research and provide ad-hoc assistance to on-going projects with other actuaries in the department

• Current Sophomores and Juniors who will be rising Juniors or Seniors for the summer of 2026
• Pursuing Math, Actuarial, Statistics, Quantitative Finance, or other quantitative field
• Must have 3.0 GPA or higher, overall
• Self-directed learner with the ability to learn quickly and pursue Internship with enthusiasm and focus Advance skills in MS Word, Outlook, and Excel
• Ability to work well on a team or individually
• Excellent interpersonal, written, and verbal communication skills
• Willingness and ability to learn Property & Casualty Insurance
• Ability to pass an NJM pre-employment background check and drug test