Actuarial Intern, Valuation

At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we're working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals, and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

As an actuarial intern within the valuation department at LGA, you will build foundational actuarial skills as part of the valuation process for Banner, William Penn, and all associated reinsurance entities. You will gain exposure to GGY-Axis, a widely-used asset and liability modeling platform throughout the insurance industry. There will also be opportunities to support special projects aimed at improving departmental efficiencies.

Assist with completing monthly and quarterly deliverables in support of Valuation. Complete financial statement closing deadlines accurately and timely.
• Performing monthly reserve rollforward runs in Axis and present results in Excel workbooks for the Deterministic Reserve, a component of Principle-Based Reserving (PBR) under VM-20.
• Evaluating the implementation of new Pension Risk Transfer (PRT) deals and premium trueups in Axis.
• Performing attributions runs for Cash Flow Testing (CFT) in Axis, summarizing and analyzing results.
• Maintain documentation of valuation procedures and perform trend analysis.
• Provide support for reinsurance solutions including captive insurance companies and surplus relief, in addition to traditional forms of reinsurance.
• Promote company culture by demonstrating our core behavioral competencies: Collaborative, Purposeful, and Straightforward.
• Other duties as required.

Education

BS/BA in Math/Statistics/Accounting or related field

One SOA exam passed

Experience/Knowledge

None

Skills

Proficiency in Microsoft Excel

Programming capability in SQL or Python a plus

Team player on cross-functional teams

Excellent communication skills, both written and oral

Strong documentation skills / attention to detail

What's in it for you?

This is a temporary internship opportunity offering $20/hour, working a full time schedule for the duration of the internship. This is a hybrid role, working onsite at our Frederick, MD location.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.