2024 Summer Intern - P/C Life And Annuity Composite

Overview

PC Life and Annuity Composite - Take a deeper dive into the Fronting Market: 1) Capital Providers and 2) Create BCRM Benchmarking. Also handle debt analysis by creating a portfolio of Global Issuers and determining equity credit provided in financial leverage calculations versus methodology. Determine the BACR impact of breaking the B7 Catastrophe charge into two separate buckets (Natural vs Man Made - which doesn't exist today).

 

 

AM Best is a global full-service credit rating agency dedicated to serving the insurance industry. For one hundred and twenty-five years, AM Best has served the needs of the global business community with information, products and services that set the standard for insurance industry ratings and analysis.

 

We are currently looking for ten (10) college students to participate in the AM Best Hybrid Summer Internship Program. Through this program, students will have the opportunity to apply, refine, and build upon what they learned in the classroom while working alongside AM Best's professionals.  It will be a great opportunity for students to obtain on-the-job experience while gaining clarity about a career choice. 

 

We will offer targeted insurance industry training during this program to ensure that all interns will have a general understanding of the insurance industry and the importance of AM Best in the industry.  All interns will receive this training irrespective if they are working in the ratings area or elsewhere in the company.  The goal is to educate the interns, so that when they complete their internship they are able to articulate what they learned during their internship to prospective employers.

 

External candidates, friends and immediate family members of AM Best employees are eligible for the internship program. Immediate family members may not work in the same department as their family member. 

 

The Hybrid Summer Internship Program begins on June 3, 2024 and ends on July 26, 2024 (you must be available to work during this period).  Interns will be expected to work a minimum of two days in the office and the business hours will be from 8:30am to 4:30pm (Monday through Friday) with a 45-minute lunch break. The hourly rate will be $18/hour.

Responsibilities

Will vary depending upon the position in which the intern is assigned.  We are currently looking for interns to work in the following departments:

• Industry Relations
• Rating Operations - BCRS Systems
• Credit Rating Criteria
• Credit Rating Criteria (Country Risk and Quantitative Analysis)
• PC Life and Annuity Composite
• Property and Casualty
• Life and Health
• Web Application Development
• Video Production
• Best Insurance News

Qualifications

• Must be an active undergraduate or graduate student attending an accredited college/university and have a cumulative GPA of 3.0 (preferred) or higher.
• Preference will be given to fully matriculated students with an anticipated graduation date in Fall 2024 or Spring 2025.
• You must have authorization to work in the U.S. without restrictions or need for future sponsorship.
• Willingness to work in Oldwick, NJ.

Skills Excellent Communication skills, including speaking, listening, and writing skills. Strong computer skills, including e-mail, MS Word, Excel, and internet research. Excellent organizational skills and the ability to manage multiple priorities by being adaptable and flexible.Employment Type: OTHER