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Actuarial Intern GSIP. Job in Rolling Meadows News10 Jobs

IntroductionWelcome to Gallagher - a global leader in insurance, risk management, and consulting services. With a growing team of more than 52,000 professionals worldwide, we empower businesses, communities, and individuals to thrive. At Gallagher, you can build a career whether it's with our brokerage division, our benefits and HR consulting division, or our corporate team. Experience The Gallagher Way, a culture fueled by shared values and a collective passion for excellence. Join one of our dynamic teams, where you'll play a pivotal role in shaping Gallagher's future and unlocking unparalleled opportunities for both clients and yourself.We believe that every candidate brings something special to the table, including you! So, even if you feel that you're close but not an exact match, we encourage you to apply.OverviewYour summer with usAn internship at Gallagher could be the first step on a career path that offers tremendous growth potential. We're a unique organization made better every single day by our dedicated employees and leaders.Many of our professionals started on this program as interns. We're very proud of this fact and believe it speaks volumes about our one-of-a-kind company and culture.Our comprehensive "learning by doing" experience will provide you with a realistic look at what it means to have an actuarial career at Gallagher through job shadowing, presentations, client project assignments, analysis, and more.You'll be given exposure to all divisions and service lines with the opportunity to work in one primary area:• Insurance under Gallagher Global Brokerage• HR Services under Gallagher Benefit Services• Risk management under Risk Placement Services• Claims under Gallagher Bassett Services• Reinsurance under Gallagher ReHow you'll make an impactOn a day-to-day basis you'll learn and develop skills in five core areas;• Understanding Actuarial Consulting - Shadowing our professionals to learn actuarial concepts on a project driven basis; Attend client meetings• Professional Development - Attending our National Intern Orientation event, weekly training events and client projects; Multi-task to meet deadlines with quality and accurate deliverables Collaboration - Growing alongside peers in national and regional case competitions to invigorate your passion and curiosity for the insurance brokerage world.• Building Professional Acumen - Learning about our businesses; Providing financial monitoring reports; Preparing contribution strategies for various product lines; Preparing financial exhibits, data, letters, presentations and other client deliverables• Being a Team Player - Helping with various regional and/or branch projects, showing your passion to learn and be mentored by employees excited to help you navigate your future.• Culture - You'll experience first-hand the impact our Gallagher Way has on how we do business.About You• We're looking for people who are excited to explore a career in client relations that is rewarding personally, professionally, and financially.• With a self-starter attitude, you'll be collaborative and have the enthusiasm to understand people's needs.• You'll be able to manage relationships, provide leadership where needed, and demonstrate your interpersonal skills when working well with others.• You'll be able to organize yourself and your work, have the ability to multi-task and have a passion to build a supportive network.• If you have all that, we know you'll thrive within our growing entrepreneurial Fortune 500 organization!• Rising sophomores and juniors with an expected graduation date between December 2025 and June 2027• Availability to participant within program dates: June 2nd, 2025 and ends: August 1st, 2025• Preferred areas of study include, but are not limited to the following: Risk Management and Insurance, Reinsurance, Finance, Actuary, Economics, or Mathematics.• Preferred: On the SOA Exam Track• Unrestricted work authorization to work in the United States. For U.S. employment opportunities, Gallagher hires U.S. citizens, permanent residents, refugees, and temporary residents. Temporary residence does not include those with non-immigrant work authorization (F, J, H or L visas), such as students in practical training status. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. We will require proof of work authorizationCompensation and benefitsOn top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.Below are the minimum core benefits you'll get, depending on your job level these benefits may improve:• Medical/dental/vision plans, which start from day one!• Life and accident insurance• 401(K) and Roth options• Tax-advantaged accounts (HSA, FSA)• Educational expense reimbursement• Paid parental leaveOther benefits include:• Digital mental health services (Talkspace)• Flexible work hours (availability varies by office and job function)• Training programs• Gallagher Thrive program - elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing• Charitable matching gift program• And more...We value inclusion and diversityClick Here to review our U.S. Eligibility RequirementsInclusion and diversity (I&D) is a core part of our business, and it's embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.Gallagher embraces our employees' diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as protected characteristics ) by applicable federal, state, or local laws.Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
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What You Should Know About Actuarial Intern GSIP. Job in Rolling Meadows News10 Jobs, Gallagher

Are you ready to kickstart your career in the exciting field of actuarial science? Join Gallagher as an Actuarial Intern in Rolling Meadows, IL! At Gallagher, we pride ourselves on being a global leader in insurance, risk management, and consulting services, with a vibrant team of over 52,000 professionals who share a passion for excellence. During your internship, you can expect a comprehensive, hands-on experience that will provide a realistic glimpse into what a career in actuarial consulting looks like. You’ll get to dive into various departments—including insurance, HR services, risk management, claims, and reinsurance—while learning from seasoned professionals who are eager to share their knowledge. Your day-to-day activities will involve job shadowing, attending client meetings, and engaging in collaborative projects that sharpen your skills in data analysis and financial monitoring. If you’re a self-starter seeking a supportive environment where you can build valuable relationships and professional acumen, Gallagher is the place for you. We welcome rising sophomores and juniors with a passion for the actuarial field and a desire to learn. With mentorship from talented employees and access to professional development opportunities, you’ll have everything you need to thrive and pave your way toward a successful future at Gallagher.

Frequently Asked Questions (FAQs) for Actuarial Intern GSIP. Job in Rolling Meadows News10 Jobs Role at Gallagher
What are the responsibilities of an Actuarial Intern at Gallagher?

As an Actuarial Intern at Gallagher, you'll engage in a variety of tasks that offer insight into the actuarial profession. Your responsibilities will include job shadowing experienced professionals, learning about actuarial consulting on a project-driven basis, attending client meetings, preparing financial monitoring reports, and collaborating on client deliverables. You'll gain firsthand experience in different service lines, allowing you to understand the workings of insurance, HR services, risk management, claims, and reinsurance.

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What qualifications do I need to apply for the Actuarial Intern position at Gallagher?

To apply for the Actuarial Intern position at Gallagher, candidates should be rising sophomores or juniors, with an expected graduation date between December 2025 and June 2027. Ideal candidates are pursuing studies in Risk Management and Insurance, Finance, Actuarial Science, Economics, or Mathematics, and preferably on the SOA Exam Track. You should also possess passion and enthusiasm for the actuarial field, along with unrestricted work authorization to work in the United States.

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What is the work culture like for Actuarial Interns at Gallagher?

The work culture for Actuarial Interns at Gallagher is collaborative, supportive, and dynamic. Emphasizing the 'Gallagher Way,' the company fosters an environment where every employee is valued for their unique contributions. As an intern, you’ll participate in mentorship programs, training events, and group projects that create camaraderie among peers. The culture encourages curiosity, enthusiasm, and professional development, setting a foundation for a rewarding career in insurance and risk management.

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How can the Actuarial Internship at Gallagher help with my career development?

The Actuarial Internship at Gallagher offers a unique platform for career development. Through hands-on experiences, you’ll develop practical skills in key areas such as data analysis, financial reporting, and client engagement. You’ll also benefit from extensive networking opportunities with professionals across various divisions, which can pave the way for future employment. Many alumni of the internship have found long-term positions at Gallagher, underscoring its potential as a stepping stone to your career.

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What kind of training opportunities does Gallagher provide for Actuarial Interns?

Gallagher provides an enriching training experience for Actuarial Interns, including a National Intern Orientation event, regular training sessions, and participation in client projects. Interns are encouraged to engage in regional and national case competitions that foster teamwork and enhance actuarial knowledge. This comprehensive approach ensures you gain practical experience and theoretical understanding that is vital in a professional actuarial setting.

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Common Interview Questions for Actuarial Intern GSIP. Job in Rolling Meadows News10 Jobs
Can you explain why you want to be an Actuarial Intern at Gallagher?

When answering this question, reflect on Gallagher’s reputation in the industry, the learning opportunities the internship provides, and how it aligns with your career ambitions. Express your excitement about being part of a collaborative team and your eagerness to gain professional insights into actuarial consulting.

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What skills do you believe are essential for an Actuarial Intern?

Key skills include analytical thinking, attention to detail, communication abilities, and teamwork. Discuss how each skill would impact your effectiveness as an Actuarial Intern and provide examples from your academic or extracurricular experiences that demonstrate these competencies.

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How do you prioritize and manage multiple tasks during busy periods?

During interviews, illustrate your organizational skills by sharing a specific example where you successfully managed several responsibilities. Highlight your time management techniques, such as creating to-do lists or using digital planning tools, to show how you ensure quality and timely completion of tasks.

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Describe a time when you faced a challenge while working on a project. How did you handle it?

This is an opportunity to showcase your problem-solving abilities. Recall a relevant experience, describe the challenge clearly, and explain the steps you took to resolve it. Emphasize how the experience helped you grow and what you learned that you can bring to the Actuarial Internship at Gallagher.

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What do you know about Gallagher and the actuarial field?

Research Gallagher’s core services, values, and achievements beforehand, and be prepared to discuss them. Highlight specific areas that excite you about the company, and demonstrate your understanding of actuarial principles and their application in the insurance industry.

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How do you handle constructive criticism?

Discuss your openness to feedback and how you view it as an essential part of professional growth. Provide an example of a time when receiving criticism led to positive changes in your work, thus highlighting your willingness to learn and improve continuously.

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What attracts you to a career in actuarial science?

Articulate your interest in mathematics, risk assessment, and problem-solving. Talk about the diverse opportunities within the actuarial profession and how you see yourself growing in this field. Connect your passion with what Gallagher offers as a leader in insurance and risk management.

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What is your understanding of the roles within the actuarial consulting space?

Provide a brief overview of various roles in actuarial consulting, such as pricing, reserving, and risk management. Discuss how internships can help uncover your passion for specific areas and how Gallagher supports interns in exploring these dynamics.

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How would you approach learning a new actuarial software or tool?

Express your adaptability and eagerness to learn by discussing previous experiences with technology. Explain your approach to mastering new software, including taking advantage of training resources, seeking guidance from colleagues, and dedicating time to practice hands-on usage.

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Do you have any questions for us about the Actuarial Internship position?

Always prepare a few thought-provoking questions that show your interest in the role and Gallagher as a whole. You could ask about the structure of the internship, opportunities for mentorship, or how the company measures success for interns. This demonstrates your proactive approach and desire to engage meaningfully with the team.

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We help clients around the globe address risk, protect their assets and recover from losses.

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DATE POSTED
December 14, 2024

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