Actuarial Pricing Intern

Ryan Specialty Group - Chicago, IL

Full-time - Entry Level

Chicago, IL

Insurance Carriers and Related Activities

About the position

This position involves providing comprehensive actuarial support for Ryan Specialty, focusing on underwriting performance analysis, strategic analysis, product development, and maintenance of rating tools. The role requires collaboration with various internal teams and aims to enhance underwriting intelligence and process improvements.

Responsibilities

• Conduct scheduled and ad hoc analyses of underwriting performance and profitability.
• Perform strategic analysis, including predictive modeling, to identify strengths, weaknesses, and opportunities for process improvements.
• Engage in product development through industry, peer, and market analyses to support new initiatives.
• Maintain existing rating tools and develop new models, assisting with their integration into the RSUM platform.
• Communicate regularly with underwriting staff and other internal functions such as IT and Finance.

Requirements

• Pursuit of a BS in Math, Statistics, Computer Science, Actuarial Science, or a related degree.
• Excellent technical aptitude and strong attention to detail.
• Proficient in Excel, programming, and data manipulation.
• Experience with Access, SQL, Tableau, and other relevant tools.
• Ability to ask questions and creatively explore solutions.
• Willingness to engage at all levels and aspects of the process as necessary.
• Outstanding interpersonal skills and a basic understanding of the insurance business.

Benefits

• Paid time off for company holidays, vacation, sick and personal days.
• Paid parental leave.
• Mental health services.
• Eligibility for bonuses and additional benefits.