With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

About This Internship

Arch's 8-week summer internship program offers students a unique opportunity to gain hands on experience in the insurance industry. It provides challenging learning experiences that serve as a foundation for interns to explore their career choices and to develop professional skills. Working alongside some of the most talented members of the specialty insurance industry, interns will gain relevant expertise in various aspects of the field, participate in learning activities and receive ongoing feedback.

About This Role

• Support the Actuarial team by assisting in analysis by gathering and scrubbing data, providing initial takeaways, and learning about the big picture of why the work is being completed.
• Attend team meetings and continuing education sessions to understand Arch's business units and gain industry knowledge.
• Prepare spreadsheets used in reserve studies, analyze reserve and forecast model output, and prepare reports.
• Create detailed analysis of our competitive position in the marketplace.
• Populate pricing models with client or industry data and assist with running the pricing models and documenting work once completed.
• Gathering, entering, and scrubbing data for both rate monitoring and development work.

Qualifications

• Actively completing area of study in Actuarial Sciences or relevant program.
• Minimum 3.0 GPA or higher.
• College level - current Sophomore, Junior, or Senior student.
• Understanding of statistical theories and models.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Demonstrated interest or commitment to the actuarial/insurance field
• Entrepreneurial spirit along with the desire to be a continuous learner.
• Team player who collaborates effectively.
• Self-starter who can work independently and deal effectively with multiple tasks/priorities in a fast-paced environment.

Location & Work Arrangement

• The program dates are June 2 - July 25, 2025.
• This position is classified as a hybrid position. You will work 4 days onsite and 1 day from home.
• This position is in Morristown, NJ.
• Relocation and housing assistance is not provided for this role.

Timeline

Arch summer internship positions will be posted from November 2024 and will be unposted when filled.

Pay

For individuals assigned to or hired to work in or Morristown, NJ, the hourly rate is $26 as of the time of posting. The breadth in the range exists to accommodate students in specialized programs such as actuarial candidates and graduate students. Any actual rate offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, along with the education & qualifications of the candidate. The above range may be modified in the future. Intern position is eligible for select Arch benefits.

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Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.

13100 Arch Reinsurance Company