Job Description

Corporate Reserving Actuarial Intern – Summer 2027

The Company

At Munich Re, interns are treated as valued members of the team. Our internship program gives you the opportunity to work on meaningful work that support our business and clients, collaborate with experienced professionals, connect with senior leaders, and gain hands-on experience that can help launch your career after graduation.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US Property and Casualty (P&C) companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

The Corporate Reserving Actuarial Intern will work closely with other Actuarial Associates and Actuaries within their respective teams, as well as with other key individuals across the department. The interns will gain an understanding of the fundamentals of reinsurance, the various functions of a reserving department within a reinsurance company, how to visualize data in a meaningful and impactful way for influence management decision making and leverage your new network to knowledgeably pursue an actuarial career path.

This internship is being offered in Princeton, NJ or New York City, NY.

Applicants must be authorized to work in the United States on a permanent basis without requiring employer sponsorship. At this time, we are unable to consider intern candidates who will need current or future sponsorship, including sponsorship related to Optional Practical Training (OPT) or Curricular Practical Training (CPT).

Responsibilities:

• Review segment analysis, technical checks of actuarial analyses, large loss research, loss development pattern selections
• Support the development of quarterly monitoring and presentations.
• Work closely with an Actuary on a project including review segment analysis, technical checks of actuarial analyses, large loss research, loss development pattern selections, etc.
• Deliver an end-of-internship presentation to the department.

Job Requirements:

• Open to all undergraduate and graduate students
• Preferred majors: Actuarial Science, Data Science/Analytics, Economics, Mathematics, Risk Management, Statistics. Also accepting: Accounting, Chemistry, Computer Science, Engineering, Law, Physics or any other STEM major
• Successful completion of one CAS/SOA exam is preferred.
• Excellent communication skills – spoken & written, formal/informal presentation.
• Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing.
• Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive.
• Enthusiasm about learning new knowledge and working in the reinsurance industry.
• Proficient Microsoft Excel skills.

Applicants must be authorized to work in the United States on a permanent basis without requiring employer sponsorship. At this time, we are unable to consider intern candidates who will need current or future sponsorship, including sponsorship related to Optional Practical Training (OPT) or Curricular Practical Training (CPT).

The company is open to considering candidate in New York, NY or Princeton, NJ. The pay has a base range of $20.00-$33.00 per hour. The hourly estimate displayed represents the typical hourly range for candidates hired in this position in NYC and Princeton. Factors that may be used to determine your actual rate will include your undergraduate or graduate level, specific skills, how many years of experience you have in comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.