Job Description

Are you searching for an internship that offers real-world experience and sets you up for success? MEMIC’s 11-week paid Summer Internship Program provides meaningful work, hands-on learning, and valuable networking opportunities across a variety of fields.

Whether you're studyingbusiness, finance, communications, safety, insurance, marketing, or technology, this program is designed to align with your field of study and career goals. Through practical, on-the-job experience and professional development sessions, MEMIC equips interns with the tools and knowledge needed to launch their careers.

Don’t miss your chance to gain practical skills, build your resume, and connect with industry professionals—all while contributing to meaningful projects that make a difference.

The Actuarial & Risk Intern will assist actuarial and risk team members with various responsibilities throughout the summer.

• Assist the actuarial team with updates and enhancements to the Actuarial Advisory System (AAS), such as compiling expense provisions from the latest actuarial workbooks for use in the AAS.
• Assist the risk and actuarial teams with updates and enhancements to MEMIC’s Own Risk Solvency Assessment (ORSA) model, such as incorporating economic and investment market data into models, designing reporting capabilities & functionality enhancements, and primary research on Environmental, Social, and Governance (ESG) factors.
• Assist the actuarial team with loss reserve analysis. The intern will select development factors for loss, ALAE (Allocated Loss Adjustment Expense), and ULAE (Unallocated Loss Adjustment Expense) for assigned state. The intern will also make initial selections of ultimate loss, ALAE, and ULAE by year.
• Assist the risk and legal team with vendor management enhancements and vendor analysis.

Requirements:

• Must be pursuing an associate degree or above. Mathematics, Economics, Business, English, or other related undergraduate degrees preferred.
• Must have a minimum GPA of 3.0.
• Must have outstanding quantitative and analytical skills.
• Must have strong written and verbal communication skills.
• Must be highly proficient in Excel, programming skills are desirable.
• Must have the ability to work independently.

MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace. 

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