Actuarial Intern

Job Title: Actuarial Intern

Department: Actuarial Services

FLSA Status: Exempt

Location: 307 N Michigan Ave, Chicago, IL

Term: 8-12 Weeks

About Old Republic:

Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently ranks among the Fortune 500 list of the Nation’s biggest companies. Old Republic is primarily a commercial lines underwriter serving the insurance needs of a large number of organizations, including many of America’s leading industrial and financial services institutions.

Located on Michigan Avenue, in the heart of downtown Chicago (“The Loop”), the Old Republic Building (Headquarters) is close to several public transportation lines and parking locations.

Actuarial Intern Responsibilities:

This is an excellent opportunity to enter our Actuarial development track and join a high-performing Actuarial department within a reputable organization located in the heart of downtown Chicago. This new position, starting May/June 2024, is within the Old Republic Actuarial Management Company “ORAMCO” actuarial team. The successful candidate will be responsible for assisting a team of actuaries with pricing analyses and reserve analyses for a variety of property-casualty commercial lines with the opportunity to grow. The candidate will work primarily in support of the ORRM large account and alternative risk group.

Actuarial Intern duties will include, but are not limited to:

• Gain an understanding of the Company's Actuarial Department
• Perform routine tasks to support a high-paced actuarial team
• Loss data analysis
• Exposure data analysis
• New business and renewal submission actuarial model assistance
• Assist with various research projects and studies

Experience/Required Skills:

Actuarial students must be currently pursuing an Actuarial, Risk Management or an Insurance major, have completed at least four semesters of college course work by 2024. This position also requires one to display strong leadership qualities, proven project management skills, and the ability to work in a team environment with senior management.

Other skills necessary include excellent oral and written communication skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, excellent organizational skills and strong attention to detail. Proficiency with Microsoft (MS) Windows and Office products is also necessary.

Old Republic International “ORI” is an Equal Opportunity Employer. ORI provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Job Type: Internship

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid parental leave
• Paid time off
• Retirement plan
• Vision insurance
• Volunteer time off

Ability to Relocate:

• Chicago, IL 60601: Relocate before starting work (Required)

Work Location: In person