Actuarial Co-op, Cat Risk Management - Toronto, Canada - The Travelers Companies, Inc.

The Travelers Companies, Inc.

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Who Are We?

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Job Category

Actuarial
Target Openings
1
What Is the Opportunity?

The Actuarial Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.

Roles available:
CAT Risk Management

Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns' insurance knowledge.

Data preparation, validation, reconciliation and analysis of premium, claims and other data
Managing multiple projects simultaneously
Developing product knowledge
Testing of new rate systems
Statistical model building and validation
Exposure to machine learning models and working in python
Using software such as SAS, MS Access and Excel to produce analyses
Supporting implementation of rate changes, product enhancements and testing controls
Supporting quarterly reserve analysis for all lines of business
Supporting exposure management and concentration analysis
Determining estimates for catastrophic events
Assisting with responding to active catastrophic events

Because the Actuarial Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.

For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making actuarial their future career choice.

Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their 3rd or 4th year is preferred.

Strong academic record
Strong verbal communication skills
Commitment to passing actuarial examinations
Skilled independent problem solver
Selfmotivated team player
Detail oriented
Proficiency with Microsoft Excel
Knowledge of Microsoft Access, VBA or SAS considered an asset
Prior actuarial experience considered an asset

What Is in It for You?

Health Insurance: Employees and their eligible family members including spouses, partners, and children are eligible for coverage from the first day of employment.
Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan ("DPSP"). Travelers also matches your savings plan contribution dollarfordollar up to 5% of base pay.
Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off ("PTO") annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

so we may assist you.