Actuarial Summer Internship

Job description

Location: London or Guildford/hybrid

Salary: Dep on exp

 

Who we are

Allianz is a global insurance company serving across 70 different countries, but from the very first day you join our team you’ll know that your contributions are valued. We offer world class learning and career development opportunities, while we celebrate an inclusive culture.

 

 

Our Actuarial internship runs over 9 weeks and will help you to develop your skills, gain insightful practical experience and make more informed decisions about your future career.

 

The placement will involve a mix of project work, operational tasks and improving processes. Past interns have been given many opportunities, responsibilities and ownership for a wide range of work which has allowed them to develop and grow, whilst making a significant contribution to Allianz. They have been involved in areas such as conducting statistical reviews of claims made by our customers, annual business planning and case pricing. Right from the start, you’ll be involved in interesting, challenging projects that allow you to see the ‘big picture’.

 

More specifically you will be required to

 

·  Produce a first cut of reserving for assigned classes. Ensure work is accurate, undertake adequate checks and produce documentation. Communicate results to the junior reviewer
·  Start to understand the various stages of reserving and get involved where appropriate  
·  Carry out premium risk data preparation and modelling to ensure our insurance risk capital reflects the underlying risk
·  Contribute towards the Solvency II technical provisions by producing future loss ratios
·  Conduct statistical, segmentation analyses and monitoring to input to business decisions
·  Seek to improve process efficiency and automation via coding

 

About you

 

Essential:

 

·  Actuarial Science, Finance or any other highly numerate degree (2:1 or 1 predicted).
·  Valid Work permit for permanent work in the UK.
·  A Level Maths; with min A grade.

 

Desirable:

 

 

·  Enjoys communicating with a wide range of people (written and oral)
·  Is driven to help and support people
·  Committed to learning both through academic studies and on the job activities
·  Is a good team player
·  Has a logical/methodical approach to problem solving
·  Is analytical and forward thinking
·  Is able to work under pressure
·  A good team player, willing to support the team to meet changing priorities and requirements. Able to build effective working relationships with colleagues in other teams and across technical fields

 

 

Our ways of working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.

 

Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

 

Our Purpose and Values

We secure your future

Be Brave | With Heart | Everyone Counts | Inspiring Trust

Our purpose and values are more than just words on a website - they are the why and how of Allianz. They influence everything we do and guide us how to do it. Created by our people, for our people, they shape our culture, bring us together, and inspire us to be the best. Building an inclusive culture for us all to succeed.

 

Diversity & Inclusion

At Allianz, we value diversity and inclusion and back this up with our accreditations. Allianz is EDGE certified for gender inclusion, members of the Women in Finance Charter, members of the Stonewall Diversity Champion programme, signatories of Business in the Community’s Race at Work Charter, and an Armed Forces Covenant gold standard employer.

 

We have a range of employee networks focusing on gender inclusion, cultural diversity, LGBTQIA+, disability and long term health conditions (including neurodiversity), intergenerational and life stages, parents and carers, mental wellbeing, menopause support and armed forces and veterans, all supporting you to bring your best and authentic self to work.

 

 

Accessible application for all  

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role. 

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.  Hr-recruitment@allianz.co.uk  

 

Join us - Let’s Care for Tomorrow