- Building an understanding of variable annuity product features and the primary risk drivers, as well as the assets and derivatives backing these products.
- Gaining an understanding of market data and various metrics that are used to measure risks associated with variable annuities.
- Assisting with investment data and market data initiatives across Risk and Finance, which may include data management efforts, such as internal database maintenance, data integrity, business analysis, as well as supporting investment and/or model risk analytics.
- Using data analysis tools to summarize data extracts, organize data at varying levels, and interpret trends in data for various purposes.
- Visualizing data summaries, trends, and reconciliation results using Excel, which may include updating and developing Excel spreadsheets with Excel formulae, data utilities, and VBA macros.
- Reviewing current business processes, suggesting improvements such as automation, and using technology to reduce human error where possible.
- Developing and presenting PowerPoint presentations and/or memorandums to summarize analysis and results for various types of audiences including immediate teams and senior management.
Preferred Qualifications: Strong desire to learn with the ability to work in a cross-functional team environment. Exposure to additional programming languages (R, Python, VBA, SQL) is a plus. GPA of 3.0 or higher. Prior internship or co-op experience is preferred.
Preferred Majors: Actuarial Science, Mathematics, Statistics, Data Science, Finance, Economics or other related majors Competitive pay, study hours, and financial support for actuarial exams is included. Other: While housing is not provided, Venerable offers a weekly travel stipend to offset some potential commuting expenses. Candidates who require sponsorship for current or future legal U.S. work authorization will be ineligible for this internship.Work schedule: Employees currently adhere to a hybrid schedule; in the summer, the hybrid schedule is 2 days a week at the office (Tuesday/Wednesday). Work location: West Chester, PA.#LI-DNI
Venerable Values:
Every position at Venerable has responsibility for living out the company's values as described here:
We are Courageous - We think critically, ask "why?" and seek out creative solutions.
We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.
We are Connected - We are connected to each other, our customers and our community.
Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.
If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.
Skills Required
- Strong mathematical aptitude
- Solid technical skills
- Strong written and verbal communication skills
- Personal initiative and attention to detail
- Ability to work in a cross-functional team environment
- Exposure to R, Python, VBA, or SQL
- GPA of 3.0 or higher
- Prior internship or co-op experience
- Major in actuarial science, mathematics, statistics, data science, finance, economics, or a related field
- Must not require sponsorship for current or future legal U.S. work authorization
What We Do
Venerable is a privately held company with business operations based in West Chester, Pennsylvania and Des Moines, Iowa. Venerable owns and manages legacy variable annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. Growth through acquisition is long storied at Venerable. While we have the nimbleness and flexibility of a start-up, our beginnings are a result of a series of small business ventures by ING Group, who later evolved to Voya Financial, and which began nearly five decades ago. We are led by a highly trusted and experienced team, a significant portion of whom transitioned from Voya at the time of the transaction. With unparalleled knowledge and expertise, the organization remains primed to carry on the tradition of growth. From day one, leaders at Venerable have prioritized the employee experience by focusing on a strong culture. One where employees feel highly engaged, are encouraged to offer feedback often, are supported by a strong management structure, and can collaborate with colleagues without roadblocks. Opportunity awaits for individuals who think critically, ask why, and seek out creative solutions.
