Job: Actuarial Intern (University)

Jobing Description

The Company

Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, financial and risk management. With 14,000 associates around the world, we offer solutions in the areas of employee benefit programs, talent and reward programs, and risk and capital management.

The Business

Towers Watson hires Actuarial Interns into two of its major business segments: Benefits and Risk & Financial Services.

Benefits

We hire Health and Retirement Actuarial Interns into two areas within the Benefits Segment:

Health and Group Benefits:
Health and Group Benefits consultants provide advice on the strategy, design, financing, delivery, ongoing management and communication of health and group benefit programs. Retirement:
Retirement consultants combine expertise in retirement and investment consulting to support organizations worldwide in designing, managing, administering and communicating all types of retirement plans.

Risk & Financial Services
We hire Life and Property & Casualty Actuarial Interns into one area within the Risk & Financial Services Segment:

Risk Consulting & Software:
Insurance consultants offer innovative consulting services that help insurers manage risk and capital, improve business performance and create competitive advantage.

The Role

As an Actuarial Intern, you will work beside some of the industry s top consultants while you progress towards qualifying as an actuary.

You will have immediate exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions and present results. These experiences will help build your technical knowledge and overall industry expertise while you benefit from one of the industry s most comprehensive actuarial training and development programs.

Your main responsibilities will be as follows:
People
? Build relationships internally and collaborate effectively on cross-functional teams
Client
? Partner with consultants to provide actuarial support on client projects. Depending on your area of specialty this might include some of the following client projects:
? Design, funding, pricing, implementation and management of a full array of health and group benefits or retirement programs
? Competitive benchmarking analysis of benefit plan designs
? Insurance pricing analyses to ensure that clients are competitive
? Financial modeling
? Actuarial and financial valuations in accordance with regulations
? Development of insurance products
? Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
? Forecasting and carrying out investment studies
? Performing asset/liability modeling
? Increase efficiency within client teams by identifying ways to improve processes
? Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Financial
? Meet chargeable hours targets
? Contribute to sales and marketing efforts by supplying information for proposals
Excellence
? Develop professional expertise by progressing towards qualification as an actuary
? Develop technical knowledge and skills in the area you have chosen to focus on
? Deliver on projects to meet or exceed client expectations

The Requirements

? Junior standing (sophomore considered with other relevant internship experience) pursuing a Bachelors or Masters degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0
? Successful completion of one or more actuarial exams highly preferred.
? Work experience that demonstrates strong technical and/or client service skills (actuarial internship preferred)
? Excellent oral and written communication skills
? Ability to work on several projects concurrently
? A leader; proactively takes initiative
? A problem solver; able to identify and solve challenges
? Analytical; able to draw conclusions from data in a logical, systematic way
? Results-driven; focused on achieving results that promote business success
? Team player; ability to work independently as well as in a team
? Experience using software/programming skills to analyze and solve problems
? Ability to demonstrate attention to detail and commitment to task

Towers Watson is an Affirmative Action/Equal Opportunity Employer, M/F/D/V