Actuarial Student Intern

Job Responsibilities and Requirements
Summer 2024 Internship
About Us
Reliance Standard Life Insurance Company (Reliance Standard) is a leading insurance carrier specializing in innovative and flexible employee benefits solutions including disability income and group term life insurance, a suite of voluntary (employee paid) coverage options and fully integrated absence management. Reliance Standard markets these solutions through independent brokers and agents to employers of all sizes. Rated A+ by both A.M. Best and Standard & Poor's. Reliance Standard began its centennial year in 2006.
Reliance Standard is a member of the Tokio Marine Group. Tokio Marine Holdings, Inc., the ultimate holding company of the Tokio Marine Group, is incorporated in Japan and is listed on the Tokyo Stock Exchange. The Tokio Marine Group operates in the property and casualty insurance, reinsurance and life insurance sectors globally.
Actuarial Internships with RSL
With supervision, the Actuarial Intern performs varied actuarial functions for Group lines of business with an emphasis on extraction and summary of data to support development of analysis of mortality, morbidity, persistency, and expenses. Other functions include supervised assistance in pricing, product development, and aggregate rate adequacy analysis.
Duties and Responsibilities:

• Develops summary of data to support quarterly loss experience analysis for distribution to Underwriting and Claims.
• Supports development of in depth loss experience analysis to drive continuous improvements to manual rate basis and rating/underwriting structure and practices.
• Gathers data to enable reporting of case level adjustments to manual rate basis.
• Develops summaries of persistency results by selected parameters.
• Gathers and summarizes data needed to support periodic expense reviews.
• Develops reports summarizing financial results by critical parameters including sales office, broker, and client.
• Develops and maintains actuarial databases required to perform desired analyses.
• Provides data summaries to support pricing and product development projects as required.
• Provides assistance with PACS manual rate testing.
• Provides ad hoc support to Sales and/or Underwriting as required.
• Continuous progress on actuarial exams.
• All other duties as assigned.

Program Benefits:

• Hybrid Office/Remote Work Schedule
• Paid Internship Opportunity
• Opportunity to discuss full-time employment after graduation for top performers
• Targeted business training for successful professional skills

Internship Requirements:

• Student pursuing at least a bachelor's degree in Computer Science, Information Technology, Data Science, or related field.
• Strong GPA
• Highly collaborative, creative, and intellectually curious individual who is passionate about technology.
• Strong time management and organizational skills.
• Oral and written communication skills
• Ability to work effectively in a fast-paced environment.
• Work, community involvement, or voluntary experience (Insurance industry experience a plus)
• A solid work ethic, positive attitude and desire to succeed
• Motivation to gain experience in a corporate environment

Work location may be flexible if approved by the Company.
What We Offer
At Reliance Matrix, we believe that creating a more diverse, equitable and inclusive culture allows us to realize more of our potential. And we can't do this without our most important asset-you.
That is why we offer a competitive pay package and a range of benefits to help team members thrive in their financial, physical, and mental wellbeing.
Our Benefits:

• An annual performance bonus for all team members
• Generous 401(k) company match that is immediately vested
• A choice of three medical plans (that include prescription drug coverage) to suit your unique needs. For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
• Multiple options for dental and vision coverage
• Company provided Life & Disability Insurance to ensure financial protection when you need it most
• Family friendly benefits including Paid Parental Leave & Adoption Assistance
• Hybrid work arrangements for eligible roles
• Tuition Reimbursement and Continuing Professional Education
• Paid Time Off, volunteer days, community partnerships, and Employee Assistance Program
• Ability to connect with colleagues around the country through our Employee Resource Group program and our Diversity Equity & Inclusion Council

Our Values:

• Integrity
• Empowerment
• Compassion
• Collaboration
• Fun

EEO Statement
Reliance Matrix is an equal opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, national origin, citizenship, age or disability, or any other classification or characteristic protected by federal or state law or regulation. We assure you that your opportunity for employment depends solely on your qualifications.
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