Actuarial Co-op (September to December)

Target Openings

4

What Is the Opportunity?

The Actuary Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.

This role is an exciting opportunity to work with one of the largest employers of P&C actuaries in North America. As an Actuarial Assistant, the successful candidate will gain relevant property and casualty insurance and business experience in personal and/or commercial lines while working in a dynamic, team-focused environment.

Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

As a member of the Actuarial Department, the candidate will act as an effective contributor to their team and will interact with insurance professionals from underwriting, claims, finance and information systems as necessary.

Roles available — one each for:

• Business Pricing
• Personal Insurance Pricing
• Actuarial Reserving

Candidates may be required to work for other teams on an ad-hoc basis. The candidate will be responsible for a range of projects and tasks which will involve interaction with many areas of the business.

Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ insurance knowledge.

Duties may include:

• Data preparation, validation, reconciliation and analysis of premium, claims and other data
• Using software such as SAS, MS Access and Excel to produce analyses
• Communicating results with finance and/or the business and securing their buy-in
• Managing multiple projects simultaneously
• Developing product knowledge
• Analyzing and assisting with property and auto rate level indications
• Testing of new rate systems
• Working with actuarial colleagues from other business areas
• Participating in rate filing preparations
• Supporting implementation of rate changes, product enhancements and testing controls

Education, Work Experience & Knowledge:

Because the Actuary Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences. For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice. Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their penultimate year is preferred.

Targeted Majors: Actuarial Science, Mathematics, Computer Science, Economics, Statistics or equivalent.

Job Specific & Technical Skills & Competencies:

• Strong academic record
• Strong verbal communication skills
• Commitment to passing actuarial examinations
• Skilled independent problem solver
• Self-motivated team player
• Detail oriented
• Proficiency with Microsoft Excel
• Knowledge of Microsoft Access, VBA or SAS considered an asset
• Prior actuarial experience considered an asset
• Legally eligible to work in Canada

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

Actuarial Co-op (September to December)

Job ID: R-44323

Job Category: Actuarial

Location: Toronto, ON

Workplace Arrangement: Hybrid

Posted Date: May 7, 2025