Do you love numbers, patterns, and figuring out how things really work behind the scenes? If so, you’re going to feel right at home with the Actuarial & Risk team. This internship puts you at the center of the models and analysis that help MEMIC understand risk, forecast the future, and make smart financial decisions. You’ll work with real data, real models, and real actuaries who are excited to help you grow.
What You’ll Do
You’ll jump into meaningful actuarial and risk management work from day one, including:
- Supporting updates to the Actuarial Analysis System (AAS) by compiling expense provisions from current actuarial workbooks
- Assisting with enhancements to MEMIC’s Own Risk Solvency Assessment (ORSA) model by integrating economic and market data into risk models, conducting ESG (Environmental, Social & Governance) research and enhancing reporting capabilities and helping design new model functionality
- Performing loss reserve analysis across assigned states
- Selecting development factors for loss, ALAE, and ULAE
- Making initial selections of ultimate loss and expense estimates to support financial projections
What You Bring
- Pursuing an Associate’s degree or higher
- Curiosity, analytical thinking, and a love for solving complex problems
- Comfort working with data and learning new tools
- Strong communication skills — because explaining numbers is just as important as crunching them
Why You’ll Love This Internship
- You’ll work with real actuarial models that influence company decisions
- You’ll build resume‑ready skills in risk modeling, data analysis, and financial forecasting
- You’ll see how math becomes strategy — and how actuaries help shape the future
- You’ll get exposure to ESG, market data, and risk frameworks that are shaping the industry
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MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace.
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What We Do
A super-regional workers’ compensation specialty insurer rated “A” (Excellent) by A.M. Best, The MEMIC Group insures more than 20,000 employers and their estimated 300,000 employees. Licensed across the country with more than $1.4 billion in assets, The MEMIC Group is a leading carrier in the Northeast with a growing profile down the Eastern Seaboard. Offices are located in New Hampshire, Connecticut, New York, New Jersey, Pennsylvania, Virginia and Florida, in addition to the headquarters in Portland, Maine. In 2018, The MEMIC Group will have written more than $400 million in premium, a growth of more than 5.5% from 2017 and part of a 70% increase over the past 5 years.
