2022 Summer Intern - Actuarial
At Equitable, our power is in our people.
We’re individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities.
Here, you’ll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?
Actuarial Intern Program
Each summer, Equitable invites a select group of diverse and talented college students to spend ten weeks learning from our actuarial team. In addition to leading an actuarial project, you will:
- Prepare for a Society of Actuaries exam with our prep classes.
- Improve your technical skills through Excel and VBA trainings.
- Research and collaborate on an actuarial topic that you will present to the senior leadership team.
- Work with a mentor to enhance your knowledge and learn how to work in an office setting.
- Learn from experienced actuaries at the Summer Speaker Series.
- Socialize with developing actuaries and more senior members at various group events throughout the summer.
For over 35 years, our program has provided summer interns with an in-depth look at a challenging and exciting actuarial career. Combining on-the-job training with structured learning opportunities, you will receive personal attention and guidance to make meaningful contributions to current company initiatives. You will gain first-hand experience with the techniques used to solve insurance business problems by working closely with actuaries across the Pricing, Valuation, Actuarial Modeling and Risk Management areas.
Internship Dates: June 6, 2022 through August 12, 2022
Location of internship: Jersey City, NJ or Charlotte, NC
Qualifications
Skills required to ensure your success include:
- Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to in a wide variety of situations.
- Teamwork: Belief in the necessity and value of teamwork; experience working cooperatively towards shared goals and being supportive of others at all levels.
- Communication: Understanding the importance of insightful listening and communicating along with the ability to provide information and messages in a way that produces clarity and impact.
- Planning and Organizing: Knowledge of the process of planning and arranging tasks and resources; ability to plan and organize both time and resources to get things completed while structuring and maintaining work in a systematic and highly methodical way.
- Continuous Learning: Understanding of the rationale behind the necessity to continually learn and grow and the ability to seek performance feedback and identify approaches to improve own performance and that of others.
- Results Orientation: Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.
- Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating or change.
Other Qualifications:
Minimum Requirements
- Currently attending/enrolled in an undergraduate or graduate program
- Passing of one actuarial exam OR a score of at least 700 on the Math SAT OR the following educational requirement:
- Must have at least a 3.7 grade in two classes of the following topics (or similar topics):
- Probability
- Statistics
- Financial Math (Interest Theory, Econometrics, Quantitative Analysis, Financial Theory)
- Financial Economics
- Calculus (2-3, Differential Equations)
- Linear Algebra
- Computer Science
- Microeconomics/Macroeconomics
- Finance
- Actuarial Mathematics
Note for the above grade requirement, you need to achieve >= 3.7 in each class, not an average between the two.
- With these two classes, at least one must be a 300-level course, and none can be a 100-level course (so no beginner/introductory classes).
- At least 1 of the classes must be within the math department (so for example, could not send in 1 economics class and 1 computer science class).
Preferred Requirements
- Rising senior in undergraduate/graduate program
- Coursework that includes math, probability and statistics, computer science or economics
- Ability to think creatively, communicate clearly and work collaboratively
About Equitable
We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
As an employer, Equitable is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. Equitable has been recognized and certified as a great place to work by the Great Place to Work Institute.
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave Equitable. Almost 40% of our open jobs are filled with current employees.
In addition to competitive compensation and an outstanding benefits package including 401(k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.