AmericanAg®, a global provider of diversified reinsurance services, is looking for a Catastrophe Modeling Intern to work on our Reinsurance Modeling team this summer in our office in Schaumburg, Illinois.
We are looking for students between their junior and senior year of college who are interested in developing an understanding of catastrophe modeling and reinsurance principles and are pursuing a bachelor’s degree in a related field (Risk Management, Actuarial Science, Meteorology, etc.).
Reporting to the Reinsurance Modeling Manager, the Catastrophe Modeling Intern will actively participate in projects related to catastrophe modeling and data analysis.
The Catastrophe Modeling intern will be responsible for:
- Testing the next generation of catastrophe model software and integration with internal applications and providing detailed feedback on the results of testing
- Analyzing insurance portfolios using Excel, SQL, Power BI, and GIS software for data quality and risk assessment
- Exploring opportunities to automate data quality checks in all submissions
- Participating in the development of Actuarial presentations
- Contributing to team workflows for regular business analyses
What you will bring to this position:
- Experience with Microsoft products (Excel, Power BI, SQL) and familiarity in working with data
- Careful attention to detail
- Strong organizational skills
- Ability to learn new software with informal on-the-job training
- Ability to analyze existing tools and processes, modify or create new tools, and improve processes
This internship at AmericanAg® offers:
- Hands-on experience in the reinsurance industry
- Exposure to diverse projects
- Mentorship and professional development opportunities
- Collaborative and inclusive work environment
- Competitive pay of $27.00 per hour, based on a 37.5-hour work week
- Flexible work schedule with the option to work 8.33 hours per day for nine days and have the tenth day off (every other Friday)
- Option to work from home every other Friday (that is not a Friday off)
We do not sponsor employment visas and are unable to take over an employment visa from another employer. Applicants must be authorized to work in the U.S. for ANY employer without the need for employment visa sponsorship.
Who We Are
Since 1948, AmericanAg® has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at aaic.com
Reasons to Consider AmericanAg®
At AmericanAg®, you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential.
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What We Do
American Agricultural Insurance Company (AmericanAg) stands out from the marketplace as a provider of reinsurance services across the insurance spectrum with a growing global presence. We are a direct provider of reinsurance to Farm Bureau® insurance companies and participate in U.S. and non-U.S. reinsurance programs through the broker marketplace.
With more than 70 years of experience, we know our success is inextricably tied to that of our customers’. Today, whatever the market, wherever the location, we take the time to understand the nuances of our clients’ business and collaborate with them on reinsurance solutions specific to their needs and goals.
Our clients benefit from our expertise, rigorous analysis, intelligent innovation, and global resources. We work hard to earn trust with personal and responsive service, transparent communications, stable financial protection, and prompt claim payment.
Our forward-thinking solutions are essential for staying ahead in a market that continues to evolve. AmericanAg is not only a reinsurer, but also a resource—helping to transform risk into opportunity and supporting profit and growth.
