Actuarial Intern

Description

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida.  For more information, please visit www.aspida.com or follow them on LinkedIn. 

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

This position is responsible for assisting the pricing, hedging or valuation team with various actuarial activities as well as building the infrastructure needed for future model development work. As part of the broader actuarial department, this position will have the ability to gain exposure to other functions and high impact projects. This role is required to be onsite 3 days a week at our Durham, NC headquarters.

What You Will Do:

• Assist in development of actuarial models for pricing, reserving, and risk analysis.
• Prepare reports of key trends and communicate findings. 
• Support senior actuaries by optimizing actuarial processes related to hedging and risk. 
• Design and implement a process for helping Aspida set product rates in a more automated format.  

What We Provide:

• Hourly
• Full-Time
• 9 week summer program

What We Believe:

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regaard to the above listed items. 

Requirements

What We Require:

• Working towards a Bachelor’s degree in Actuarial Science, Mathematics, Finance, Economics, Computer Science, or related field 
• At least one successful SOA exam preferred 
• Analytical and problem-solving skills 
• Clear and concise verbal and written communication skills 
• Self-starter with a willingness to learn