Actuarial and Investment Intern - 1135

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Security Mutual Life Insurance

Posted 3 months ago

Internship

Binghamton University, New York

In Person

Smart Summary

Responsibilities

The intern will support actuarial and investment functions, including product pricing, financial reporting, and asset liability management. Responsibilities also include data extraction, process automation, and assisting with commercial mortgage lending analysis.

Qualifications

We're seeking an Actuarial and Investment Intern to support actuarial and investment functions, including data extraction, process automation, and risk analysis. The role requires analytical skills, proficiency in Microsoft Office, and excellent communication skills. Must be pursuing a Bachelor’s or Master's degree in Actuarial Science, Finance, Applied Mathematics or a closely related field of study. Three years of college coursework is preferred.

Job Description

As an Actuarial and Investment Intern, you will be responsible for supporting the Actuarial and Investment functions in product pricing, valuation, financial reporting, asset liability management, and mortgage investments.

This position is located in the Binghamton Home Office.

Description of Duties & Responsibilities: 

•    Extract and build data files for use in product pricing, asset and liability models.

•    Assist with automating, updating, and developing actuarial and/or investment processes and systems.

•    Analyze data to support experience studies and assumption setting.

•    Perform cost-benefit analysis and research.

•    Assist with analysis of risks and mitigants for company products and initiatives.

•    Assist with bond portfolio review and analysis.

•    Assist with the completion of cash flow analysis reports for commercial loan properties.

•    Assist with the research of market trends, labor statistics, tenant information, and vacancy rates for commercial loan requests.

•    Review third party reports (appraisals, property condition and environment reports) and identify concerns.

•    Assist Credit Analysts in providing commercial mortgage lending quotes to brokers.

•    Assist with special projects as needed or assigned by management.

Required skills & experience

•    Experience with handing large statistical data sets preferred.

•    Intermediate proficiency with Microsoft Office required.

•    Ability to think analytically and critically. 

•    Excellent written and verbal communication skills.

•    Ability to perform work accurately and thoroughly.

•    Excellent attention to detail.

•    Ability to prioritize and organize a heavy workload.

Education Required: Must be pursuing a Bachelor’s or Master's degree in Actuarial Science, Finance, Applied Mathematics or a closely related field of study. Three years of college coursework is preferred.

Pay Range: $18.00 to $21.00 hourly

The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.

Visa sponsorship is not available for this position

Relocation assistance is not available for this position

Security Mutual is an Equal Opportunity Employer

About SML:

Security Mutual Life is a leading provider of life insurance, accumulation products and retirement-, business- and estate-planning services for individuals, families and businesses. Our innovative products help our clients meet their financial protection needs. Headquartered in Binghamton, New York, the Company was founded in 1886 and is recognized for its longstanding history of financial strength and stability.

We continually invest in technology. Our agents and employees are equipped with the latest tools and deliver outstanding service to our hundreds of thousands of policyholders throughout the United States.

We are committed to our neighbors and communities. Security Mutual and its employees help support a wide variety of community and charitable initiatives and organizations through our donations and service.

At Security Mutual our employees are among the Company’s most valued assets. We offer competitive salary and benefits and our work environment reflects the Company’s core values of trust, respect and integrity.

Federal & State Labor Law Posters: https://app.jjkellerlaborlawposters.com/posters/89FEF9AF-72EE-4456-8D21-04BD45D8150E ;

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Security Mutual Life Insurance

Since 1886, Security Mutual Life Insurance Company of New York has been helping protect families and businesses during periods of prosperity, as well as during wars and times of economic uncertainty. A mutual life insurance company, Security Mutual Life has no shareholders. Instead, the company is maintained and operated for the benefit of its policyholders, and we are proud to report that 2024 marked the 132nd consecutive year we have paid dividends to our policyholders. (Note: The payment of dividends is not guaranteed, and the amount credited, if any, may rise and fall depending on experience factors such as investment income, taxes, mortality and expenses.) Our mission today continues that on which the company was founded in 1886: to provide sound and equitable insurance products to help protect people against the financial challenges resulting from death, disability, or retirement. We accomplish this mission through a diverse, innovative portfolio of insurance products and services designed to help meet personal, business and estate planning needs. (Policies subject to limitations, exclusions, provisions & conditions. Availability & features may vary by state.) Find a Representative Here: https://www.smlny.com/find-a-representative/ View our Social Media Disclaimer at https://www.smlny.com/social-media-disclaimer/ Please see our Recruitment Fraud Statement located on our Corporate Opportunities Page https://smlny.com/our-company/career-opportunities/corporate-opportunities/ Insurance products are issued by Security Mutual Life Insurance Company of New York; Binghamton, NY.
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