Being an actuary requires a unique blend of aptitude for detail-oriented analysis, high-level problem solving, and healthy communication skills.
At FuturePlan by Ascensus, we consult on Defined Benefit and Healthcare plans. Both require a great deal of effort and knowledge to administer. Each plan is unique and can have thousands of participants, each with individual data and needs.
Ascensus is dedicated to maximizing the potential of our greatest asset - our employees. Our summer internship program is designed to allow you to experience your prospective career path. You will be involved in the same projects as our actuaries. You will learn actuarial techniques, how to best communicate your work to others, how to research various issues related to the industry, and other skills needed to begin a successful actuarial career.
***This internship is for the summer of 2024.***
Responsibilities:
- Develop a strong understanding of benefit plan operations across a variety of clients and designs
- Apply analytical skills to prepare and review individual benefit calculations
- Organize and analyze participant data, checking for inconsistencies and identifying next steps
- Learn to interpret plan documents - a legal document which governs the administration of the plan
- Assist with special projects, such as plan terminations, lump sum windows, and software conversions
- Analyze and improve internal processes and procedures to increase accuracy, consistency, and efficiency
- Consult with clients regarding benefit administration, including regulations, plan documents, data, and calculations
Ascensus's paid Internship Program includes SOA exam fees and materials.
Requirements:
- Pursuing a Bachelor's degree in Mathematics, Statistics, Economics or Actuarial Science
- Proficiency in Microsoft Office Excel
- Strong mathematics skills, analytical and problem solving skills.
- Ability to think strategically by innovating, initiating and understanding how one's work connects to others. Ability to plan and prioritize work towards the achievement of personal and corporate objectives.
- Proven ability to collaborate and build relationships.
- Society of Actuaries (SOA) examinations success preferred, but not required
Working at
Ascensus, LLC.
Ascensus, LLC. is a leading provider of retirement and college savings solutions, serving millions of individuals and businesses across the United States. With a strong focus on helping people save for their future, Ascensus offers a comprehensive range of services, including retirement plan administration, education savings accounts, and health savings accounts. As an actuary at Ascensus, you'll be part of a dynamic team that plays a crucial role in ensuring the financial stability and success of clients' retirement and education savings plans. Actuaries at Ascensus utilize their expertise in risk assessment, statistical modeling, and data analysis to evaluate plan performance, forecast trends, and provide strategic insights. Collaborating with a diverse group of professionals, actuaries at Ascensus help design and develop innovative retirement and education savings solutions. Actuaries analyze data, assess risks, and provide valuable recommendations to help clients make informed decisions about their savings plans. Ascensus values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries can enhance their skills, stay up to date with industry trends, and contribute to the success of clients' savings goals. Join Ascensus' esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on individuals' financial futures, and enjoy competitive benefits in a collaborative and supportive work environment.