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Intern (Actuarial)

Overview:If you're looking for the stability of a profitable, growing company with the entrepreneurial spirit of a startup, we're hiring. SageSure, a leader in catastrophe-exposed property insurance, is seeking an Intern to join the Rising Pioneer Program as part of our Product Development and Commercial teams.Working on the Actuarial team at SageSure, the largest independent residential managing general underwriter (MGU) in the U.S., offers a broad range of opportunities and experience to advance your career. You'll not only be predicting and modeling risk in some of America's most challenging markets but working in multiple actuarial disciplines, including pricing and product. At SageSure, you'll gain hands-on experience working on challenging assignments and make data-driven decisions to help solve business problems. Our tight-knit, collaborative team regularly presents our findings to senior management and frequently collaborates across the company to leverage synergies with underwriting, marketing, program operations and software. We provide the support you'd expect-including a rotational program and exam assistance-and develop and champion your whole career.What you'd be doing:• Learn and use actuarial techniques in developing pricing plans• Assist in providing technical and analytical assessments of complex business issues related to the management of the current and future development of insurance products• Learn and network with employees, leaders, and other interns during an on-the-job experience• Potential to earn college credit• Modeling, research and analysis support on ad-hoc projects• Collaborative teamwork and/or individual Capstone project• Recommend solutions to industry issues• Fulfill tasks set out by team leaders• Receive coaching, mentoring and feedback from knowledgeable SageSure professionalsWe're looking for someone who has:• An undergraduate education to pursue a degree in Actuarial Science or STEM-related field• A graduation date in Fall 2025 or Spring 2026• Solid analytical, problem solving, and reasoning skills• Proficiency in Microsoft Office Suite, particularly Excel• Strong Communication skills both with technical and non-technical resources• Ability to multitask and hungry to learn• Ability to work independently and as a team member• Authorization to work in the United StatesHighly preferred candidates also have:• Proficiency in Microsoft Office Suite• Prior internship experience• GPA of 3.0 or higher• Passage of one or more actuarial exam(s)• Strong technical skills• Familiarity with R is a plus• Knowledge of modeling packages, programming languages, and spreadsheet / database softwareAbout the Actuarial Team at SageSure:As a member of SageSure's Homeowners Product Management team, Actuarial Interns will have the opportunity to assist in providing technical and analytical assessments of complex business issues related to the management of the current and future development of insurance products. Our interns will learn and use actuarial techniques in developing pricing plans.About SageSure:As a Best Places to Work in Insurance Recipient for four years in a row (2020-2023), SageSure, one of the largest residential property insurance managing general underwriter (MGU) in the United States, is pioneering ways people protect their American Dream.A leader in catastrophe-exposed property insurance, SageSure was founded in 2009 to deliver reliable products, exceptional customer experiences, and strong underwriting results in challenging insurance markets. SageSure currently operates in 14 states and provides home, flood, and commercial coverage on behalf of its highly rated carrier partners.We have more than 600 employees working remotely or hybrid in one of our eight offices-Jersey City, NJ; Mountain View, CA; Chicago, IL; Tallahassee, FL; Cincinnati, OH; Houston, TX; Mt. Laurel, NJ; and Cheshire, CT-who are tackling the industry's toughest challenges.We provide generous health benefits and perks, including tuition reimbursement, wellness allowance, paid volunteer time off, a matching 401K plan, and more.SageSure is a proud Equal Opportunity Employer committed to building a workforce that reflects the spectrum of perspectives, experiences, and abilities of the world we live in. We recognize that our differences make us strong, and we actively seek out diverse candidates through partnerships with organizations, institutions and communities that represent various backgrounds. We champion belonging and inclusion for all identities, including, but not limited to, race, ethnicity, religion, sexual orientation, age, veteran status, ability status, gender, and country of origin, striving to create a culture where all individuals feel valued, respected, and empowered to bring their authentic selves to work.Our nimble, highly responsive culture nurtures critical thinkers who run toward problems and engineer solutions. We relentlessly pursue better outcomes by investing in the technology, talent, and tools that position us to succeed in demanding markets. Come join our team! Visit sagesure.com/careers to find a position for you.
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What You Should Know About Intern (Actuarial), SageSure

If you're an aspiring actuary eager to kickstart your career, SageSure in Cheshire, CT, has an exciting opportunity for you as an Intern in our Actuarial team. As part of the Rising Pioneer Program, you'll immerse yourself in the world of catastrophe-exposed property insurance and gain invaluable experience while working alongside a passionate team. Here at SageSure, the largest independent residential managing general underwriter in the U.S., you'll dive into various actuarial disciplines like pricing and product development. This internship isn't just about observation; you'll actively learn and employ actuarial techniques, contributing to data modeling and risk assessment in challenging markets. Through hands-on assignments, you'll tackle real business problems and present findings to senior management, ensuring you become an integral part of our collaborative culture. We believe in nurturing talent, so you'll receive mentorship and coaching throughout your journey with us, including opportunities for a Capstone project. Ideally, we're on the lookout for candidates pursuing a degree in Actuarial Science or a STEM-related field with a graduation date in Fall 2025 or Spring 2026. If you have strong analytical skills, excellent communication abilities, and a desire to learn, we want to hear from you. Join us at SageSure where your potential meets limitless possibilities and where you can develop your skills in an environment that champions diversity and inclusion.

Frequently Asked Questions (FAQs) for Intern (Actuarial) Role at SageSure
What responsibilities can I expect as an Actuarial Intern at SageSure?

As an Actuarial Intern at SageSure, you will engage deeply with multiple aspects of actuarial work. Your responsibilities will include developing pricing plans, conducting technical and analytical assessments for insurance product management, and collaborating on various projects. You'll gain hands-on experience with research and analysis, fulfilling tasks set by team leaders, and even have the chance to work on a Capstone project, all within a supportive learning environment.

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What qualifications are necessary for the Actuarial Intern position at SageSure?

To qualify for the Actuarial Intern position at SageSure, candidates should be pursuing an undergraduate degree in Actuarial Science or another STEM-related field, with expected graduation in Fall 2025 or Spring 2026. Strong analytical skills, proficiency in Microsoft Excel, and effective communication abilities are essential. Preferred qualifications include prior internship experience, a GPA of 3.0 or higher, and familiarity with R or other actuarial software.

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Are there opportunities for professional development as an Actuarial Intern at SageSure?

Absolutely! At SageSure, we are committed to professional development for our interns. As part of the program, you'll receive mentorship from seasoned professionals, have access to exam assistance, and participate in a rotational program that enriches your learning experience. You'll also have opportunities to network with leaders and peers, enhancing your career advancement prospects.

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Can I earn college credit during my internship at SageSure?

Yes, interns at SageSure may have the potential to earn college credit. It’s a great way to gain practical experience while benefiting your academic journey. Be sure to discuss this internship's credit opportunities with your academic advisor to understand how it can align with your degree requirements.

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What is the company culture like at SageSure for Actuarial Interns?

SageSure prides itself on having a nimble and collaborative culture that nurtures creativity and problem-solving. As an Actuarial Intern, you will find an inclusive environment where diverse perspectives are valued. Our team supports each member's growth and success, encouraging open communication and teamwork, making it an exciting place to launch your actuarial career.

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Common Interview Questions for Intern (Actuarial)
What motivated you to apply for the Actuarial Intern position at SageSure?

When answering this question, express your enthusiasm for the actuarial field and a specific interest in SageSure. Highlight your passion for data analysis and contributing to resilient insurance solutions in catastrophic markets. Mention how SageSure’s values align with your professional goals and your desire to be part of a pioneering organization in the industry.

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Describe a project or task where you used analytical skills.

Share a specific example from your academic experience or previous internships where you applied analytical skills. Discuss the problem-solving process, the tools or methods you used, and the outcomes. This demonstrates your analytical approach and gives interviewers insight into your hands-on experience.

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How do you prioritize tasks when dealing with multiple assignments?

Outline your strategy for task prioritization, such as using a task management tool or method like the Eisenhower Matrix. Explain how you assess urgency and importance to determine your focus while adapting to new deadlines or project requirements, ensuring clear communication with your team.

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What actuarial techniques are you familiar with?

Discuss any actuarial methods you've studied or used, such as premium calculation, loss modeling, or risk assessment tasks. If you have experience with statistical software or programming languages like R, be sure to mention that as well, showing your capability in practical application.

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Can you explain a time you worked in a team and faced challenges?

Provide an example of a team project where you faced difficulties. Focus on your role in navigating the challenges, how your teamwork contributed to a solution, and the lessons learned about collaboration and communication, reinforcing your readiness for the collaborative environment at SageSure.

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What are your career goals in the actuarial field?

Share your long-term aspirations within the actuarial profession, whether it be becoming a certified actuary, specializing in a certain area, or pursuing leadership roles in insurance. Express how the internship at SageSure will help you build the skills and experience necessary to reach those goals.

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Have you ever had to explain complex data to non-technical peers? How did you approach it?

Describe an experience where you simplified complex information for a broader audience. Emphasize the importance of clear communication and your ability to adapt your language to ensure understanding, showcasing your interpersonal skills, especially vital for this internship role.

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What do you know about SageSure and its role in the insurance industry?

Demonstrate your research on SageSure, mentioning its position as a leader in catastrophe-exposed property insurance and its innovative approaches. Highlight its commitment to diversity, employee satisfaction, and continuous improvement, which shows your genuine interest in becoming part of the team.

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What software tools do you have experience with that would be relevant to this position?

Mention proficiency in Microsoft Excel and any other relevant software tools or programming languages you’ve encountered, such as R or SQL. Discuss how these tools have strengthened your analytical capabilities and prepared you for the tasks expected in the internship.

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Why do you think actuarial science is important in today's world?

Articulate your understanding of the role of actuarial science in risk management and financial stability, especially in the context of climate-related challenges faced by the insurance industry. Highlight how actuarial professionals help companies make informed decisions, which underscores the significance of this field.

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At SageSure, our mission is simple: to provide high-quality, cost-competitive property insurance when and where it’s needed.

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Internship, hybrid
DATE POSTED
December 1, 2024

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