Actuarial Co-op - Multiple Locations - College Program 2025 at MMC in New York, New York
Posted in Other about 13 hours ago.
Job Description:
Program Dates: January through June 2025 (~40 hours per week)
***This is a 6-month commitment***
Guy Carpenter LLC Global Strategic Advisory is seeking talented and motivated individuals to join our GC Analytics Actuarial team.
What can you expect?
- You will join a team of Actuarial Advisors that deploy deeply specialized quantitative skills and sophisticated modeling to provide critical measurement and insight to our clients
- You will get to work alongside our top-tier professionals, generating a comprehensive view of all portfolio profitability components to help clients align day-to-day underwriting strategies to support long-term goals
- You will be responsible for organizing, analyzing and interpreting data and performing modeling to help analyze the cost and structure of a reinsurance program as well as other analytics projects across multiple lines of business and geographies
- Collaborative and cross-functional teams that deliver strategic insights to the largest and most prominent insurance companies in the world
What is in it for you?
- A commitment to providing an environment that values diversity, is committed to equity, and fosters an inclusive team.
- Join an outstanding professional services firm with more than 150 years of history - we are 76,000 colleagues in four global businesses united by a common purpose to make a difference in the moments that matter
- Culture of internal mobility, collaboration and strong partnerships across the business
- Competitive pay, full benefits package - starting day one (medical, dental, vision, STD/LTD, life insurance, generous 401k match AND automatic contribution)
- Competitive actuarial study program, including generous study hours, study material purchase, and base pay increases for passing exams
- Generous Parental Leave and Tuition Reimbursement plan per year and participation in our Employee Stock Purchase Plan
- Generous paid time off for vacation, sick, company holidays and time to give back to your community
- Colleague Resource Groups, which provide access to leaders, relevant volunteer and mentoring opportunities, and interactions with counterparts in industry groups and client organizations
We will count on you to:
- Contribute to developing an inclusive work environment that respects and values differences of background, experience, and thought.
- Organize client data, check data for reasonability, load data into predictive models, run the models, share insights with senior colleagues, and compile coherent and compelling narratives to help clients understand their degree of risk
- Perform basic calculations with client data to assess a range of risk exposures and predict outcomes for clients in support of reinsurance transaction process
- Conduct research on industry/regulatory developments that affect loss liabilities to determine the impact on clients
- Contribute to impactful and insightful discussions with clients on their reinsurance strategy
- Establish and maintain strong relationships with brokers/clients/reinsurers/colleagues, assist in promptly responding to client queries and concerns
- Keep teams updated on industry-specific and specialty related trends that may affect reinsurance programs/calculations
- Leverage our proprietary MetaRisk software suite to develop and optimize bespoke reinsurance transactions and evaluate their impact on our clients capital, growth,and volatility objectives
What you need to have:
- Bachelor's degree in a technical discipline such as Actuarial Science, Data Science, Engineering, Physics, Mathematics or Statistics.
- An expected graduation date of December 2025 or May 2026 preferred.
- Completion of 1 - 2 Casualty Actuarial Society (CAS) exams preferred
- Curious and proactive mindset: desire and ability to lead internal initiatives and research projects to completion
- Superior communication and presentation skills: an ability to translate complex technical analysis and concepts into easily understandable terms for brokers and clients
- A collaborative, team-oriented mindset and effective interpersonal skills that is a positive and helpful presence in colleague and client interactions.
- Strong ability to be organized and detail oriented
- Capacity to progress multiple projects at the same time
- A desire and ability to grow beyond your current capabilities
- Proficient in MS Excel with skills in other MS Office products
- Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future.
What makes you stand out, possibly through an internship:
- Familiarity with programming languages/visualization tool (i.e., R, Python, SQL, Alteryx, Power BI)
- Experience in a technical related role at a reinsurance broker, market, or catastrophe model software vendor
- Prior experience in relevant insurance / reinsurance field
- An understanding of the reinsurance industry and product lines
The applicable hourly rate for this role is $27.00.
What's next
Application Instructions:
- We are hiring in multiple locations. As you are filling out your application, you'll have the opportunity to select your desired location. Should you have interest in multiple locations, your recruiter will work with you to make those connections should that be necessary.
- When creating your application, please use your permanent home address and use your personal email address rather than your school email address.
- Applications are reviewed on a rolling basis.
- Further timing and instructions will be provided after submission of the application.
Consider watching Max Aronchick's reflection on his early days at Guy Carpenter - Building an InsurTech Career | Ep. 5 | Careers That Matter - YouTube
About Guy Carpenter
Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,500 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people. The company's 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow us on LinkedIn and X.
Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
