Actuarial Summer Intern - Actuarial Services

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Worker's Compensation Insurance Rating Bureau

Posted 3 months ago

Internship

San Francisco, California

Hybrid

Smart Summary

Responsibilities

Interns will analyze workers' compensation insurance data and present findings for actuarial research studies. They will also receive professional development and coaching from department leaders.

Qualifications

You are a motivated student entering your third or fourth year of an undergraduate program in math, science, statistics, economics, or actuarial science, or a graduate with a credential in one of these fields. You have experience with R and SQL, and familiarity with Excel.

Must Have Skills for ATS

R

SQL

Excel

Job Description

WCIRB Actuarial Internship Program

The Workers' Compensation Insurance Rating Bureau of California (WCIRB) provides a 10-week internship program for the Summer to participate in hands-on training in the areas of Actuarial Science or Research. 

We work on a range of workers’ compensation topics including research into the optimal form of our innovative experience rating plan (Experience Rating Plan (wcirb.com)) and deeper dives into drivers of workers’ compensation costs as in our annual Geo Study (WCIRB Geo Study | WCIRB California).  

We seek motivated and curious students entering their third or fourth year or graduates in a Math, Science, Statistics or related undergraduate program at a college or university to participate in a part-time, paid, opportunity. No prior Actuarial experience or exams are required.

In this internship, students will work alongside our highly skilled and professional staff and will work on challenging projects that will provide practical work experience while developing problem solving and decision-making skills.

As an Intern at the WCIRB, you will:

  • Learn about various workers' compensation insurance data, such as workers’ compensation policy and claims data, and medical and indemnity transaction data
  • Analyze and internally present data for actuarial research studies
  • Receive coaching and professional development from department leaders and learn about our organization and industry

This internship opportunity is in our San Francisco, CA office and will operate under the guidance of WCIRB Actuarial and Research department leadership. 

This internship is a part-time opportunity working 30 hours per week for ten weeks, four days on-site, starting mid- to late-June. Interns will be paid $28.00 per hour.

This internship opportunity does not provide any housing allocation. Participants are responsible for arranging their own housing and transportation. The WCIRB San Francisco office is located in the Financial District of San Francisco and is easily accessible by BART via the Montgomery Station.

Requirements and Qualifications:

  • Third- or Fourth-year undergraduate student pursuing a bachelor’s degree in science, math, statistics, economics, actuarial science or related field or a graduate with a credential in one of these fields
  • GPA of 3.2 or greater on 4.0 scale
  • Strong oral and written communication skills with the ability to explain technical projects to colleagues
  • Excellent organizational and time management skills
  • Able to work independently and collaborate with colleagues to solve challenging problems
  • Familiarity with Excel
  • Experience with R required
  • Experience with SQL preferred
  • Eligible to work in the United States with no restrictions
  • Completion of at least 1 Actuarial exam preferred but not required

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Worker's Compensation Insurance Rating Bureau

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) is a private, nonprofit association of insurance companies licensed to transact workers'​ compensation insurance in the state of California. The WCIRB operates under the authority of the California Insurance Code, is licensed by the California Department of Insurance (CDI) and is the Insurance Commissioner’s designated statistical agent for workers comp insurance. The WCIRB develops proposed advisory pure premium rates for submission to the California Insurance Commissioner and administers the Commissioner’s workers’ compensation regulations contained in the California Workers’ Compensation Uniform Statistical Reporting Plan—1995, the California Workers’ Compensation Experience Rating Plan—1995 and the Miscellaneous Regulations for the Recording and Reporting of Data. WCIRB operating funds are derived solely from membership fees, premium assessments paid by members and revenue generated from fees for services and products. No state money is used to fund its operations. To learn more about the WCIRB, its core functions and the products and services available to insurers, agents and brokers, and others, see http://www.wcirb.com.
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