WSP Actuarial Intern, Chicago

Posted 5 Days Ago
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Chicago, IL, USA
In-Office
25-25 Hourly
Internship
Insurance
The Role
Paid ten-week actuarial internship supporting pricing analyses, data validation, actuarial modeling, reporting, profitability and claims trend evaluation. The intern will prepare analytical presentations, conduct industry research, assist with data quality and process improvement, and collaborate with underwriting, finance, and claims teams. Candidates must pursue a quantitative degree, sit for an actuarial exam, demonstrate Excel proficiency, and work onsite four days per week in Chicago.
Summary Generated by Built In

The Westfield Specialty Intern Program is a paid, ten-week program that offers students the opportunity to obtain firsthand insight into the insurance business.  Every day you'll learn and develop your skills but you'll also have a clear and supportive path ahead of you. You'll gain the confidence to take on real projects, build your network and learn from senior leaders across our business.  The 2027 Summer Intern Program will run from June 7th to August 13th. 

 

We are seeking Intern candidates to work with our Actuary team in our Chicago, IL office.   

 

Program Elements Include:

  • Classroom and On The Job Training 
  • Weekly Lunch and Learn Series with Senior Leaders
  • Formal Mentor Program 
  • Presentations from Major Brokerage Partners 
  • Teambuilding and Social Activities; including Community Service Event
  • Industry based Group Project 

 

Participants in the Westfield Specialty Summer Intern Program are immersed in the day-to-day operations of a fast-moving, growing insurance company. You will gain valuable, hands-on experience and insurance industry knowledge during the 10-week program. As a summer intern you will work side-by-side with industry leaders on dynamic projects that provide ample opportunity for challenges, learning and achievement.  At Westfield Specialty, we are proud to emphasize the education and development for the future leaders of the insurance industry. 

 

2027 Summer Intern Program Openings:

  • Alpharetta, GA: Underwriting
  • Berkeley Heights, NJ: Claims, IT, Operations 
  • Chicago, IL:, IT, Underwriting, Actuary
  • New York, NY: Actuary, Marketing, Underwriting

 

For those who excel in the program, we would welcome the opportunity to discuss full-time employment opportunities at Westfield Specialty after graduation as part of our Trainee Program. 

 

As part of our internship program you will receive: 

  • Targeted business training designed to help you refine your professional skills and acumen critical to the success of Westfield professionals; 
  • Technical training to deepen your skill level within your chosen discipline; and an understanding of the broader insurance industry; 
  • Access to additional training to compliment your professional development. 
  • Opportunity to expand your professional network with talented insurance professionals 

 

 

Responsibilities 

An Actuary Intern at Westfield Specialty works on a variety of projects to gain hands-on experience in the insurance industry and develop technical skills.  Including: 

  • Assist with actuarial analyses supporting pricing initiatives.

  • Gather, validate, and analyze large data sets using actuarial and statistical techniques.

  • Support the development and maintenance of actuarial models, reports, and dashboards.

  • Prepare summaries, presentations, and recommendations based on analytical findings.

  • Assist in evaluating trends related to claims, premium, exposure, and profitability.

  • Participate in data quality reviews and process improvement initiatives.

  • Collaborate with underwriting, finance, claims, and other business partners to support strategic decision-making.

  • Conduct research on industry trends, market conditions, and emerging risks.

  • Complete special projects and ad hoc analyses as assigned.

 

Desired Qualifications 

  • Currently pursuing a Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Data Analytics, or a related quantitative field.

  • At minimum must be sitting for Actuarial Exam; successful completion of one or more actuarial exams highly preferred 
  • Proficiency in Microsoft Excel; experience with SQL, R, Python, Power BI, or other analytical tools is a plus.

  • Strong analytical, problem-solving, and critical-thinking skills.

  • Excellent verbal and written communication abilities.

  • Ability to manage multiple priorities and work effectively both independently and as part of a team.

  • Demonstrated attention to detail and commitment to accuracy.

  • Ability to be onsite in office 4 days a week 

 

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

 

 

This is a paid internship.  Intern will be paid on an hourly basis at the rate of $25/hour. 

 

#wsp


This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

Skills Required

  • Currently pursuing a Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Data Analytics, or a related quantitative field
  • Currently sitting for an actuarial exam
  • Proficiency in Microsoft Excel
  • Strong analytical, problem-solving, and critical-thinking skills
  • Excellent verbal and written communication abilities
  • Ability to manage multiple priorities and work independently and as part of a team
  • Demonstrated attention to detail and commitment to accuracy
  • Ability to work onsite in the office four days per week
  • Successful completion of one or more actuarial exams
  • Experience with SQL, R, Python, Power BI, or other analytical tools

Westfield Insurance Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Westfield Insurance and has not been reviewed or approved by Westfield Insurance.

  • Retirement Support — A defined-benefit pension alongside a 401(k) with employer contributions is presented as a standout component and an uncommon combination today. Safe-harbor style 401(k) contributions are referenced, adding reliable long-term value.
  • Leave & Time Off Breadth — The package includes PTO, paid holidays, sick time, volunteer time off, and parental/caregiver leave. PTO levels are described as ample with increases over tenure and dedicated volunteer time.
  • Wellbeing & Lifestyle Benefits — Wellness incentives and fitness reimbursement are available, with on-site amenities like a fitness center and cafeteria at the home office. Learning resources and recognition programs further support overall wellbeing.

Westfield Insurance Insights

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The Company
HQ: Westfield Center, Ohio
2,902 Employees

What We Do

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

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