Actuarial Intern

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better.

We're a forward-thinking company energized by our work and how we show up for one another. Our culture is built on meaningful impact and genuine enjoyment, because we believe great work and great experiences should go hand in hand.

By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. We are here for you, here for good and here for better

As an actuarial intern within the valuation department at LGA, you will build foundational actuarial skills as part of the valuation process for Banner, William Penn, and all associated reinsurance entities. You will gain exposure to GGY-Axis, a widely-used asset and liability modeling platform throughout the insurance industry. There will also be opportunities to support special projects aimed at improving departmental efficiencies.

Assist with completing monthly and quarterly deliverables in support of Valuation. Complete financial statement closing deadlines accurately and timely.
• Performing monthly reserve rollforward runs in Axis and present results in Excel workbooks for the Deterministic Reserve (a component of Principle-Based Reserving under VM-20).
• Evaluating the implementation of new Pension Risk Transfer (PRT) deals and trueups in Axis.
• Performing attributions runs for Cash Flow Testing in Axis, summarizing and analyzing results.
• Maintain documentation of valuation procedures and perform trend analysis.
• Provide support for reinsurance solutions including captive insurance companies and surplus relief, in addition to traditional forms of reinsurance.
• Promote company culture by demonstrating our core behavioral competencies: Collaborative, Purposeful, and Straightforward.
• Other duties as required.

Education

BS/BA in Math/Statistics/Accounting or related field

One SOA exam passed

Experience/Knowledge

None

Skills

Proficiency in Microsoft Excel

Programming capability in SQL or Python a plus

Team player on cross-functional teams

Excellent communication skills, both written and oral

Strong documentation skills / attention to detail

What's in it for you?

This is a temporary internship opportunity offering $20-$25/hour, working a full time schedule for the duration of the internship. This is a hybrid role, working onsite at our Frederick, MD location.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.