Actuarial Pricing Intern

Ryan Specialty Group - Chicago, IL

Full-time - Intern

Chicago, IL

Insurance Carriers and Related Activities

About the position

The Actuarial Pricing Intern will support the actuarial pricing team at Ryan Specialty by engaging in various analyses related to underwriting performance and profitability. This role involves strategic analysis, product development, and maintenance of rating tools, contributing to the overall efficiency and effectiveness of the RSUM operations.

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.
• Assist in product development through industry, peer, and market analyses to support new initiatives.
• Maintain existing rating tools and develop new models, integrating them into the RSUM platform.
• Communicate regularly with underwriting staff and collaborate with 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 knowledge of 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.
• Comprehensive benefits package for physical, financial, and emotional well-being.