Intern, Actuarial

Encova Insurance will have a need for an Intern, Product Actuarial and an Intern, Corporate Analytics for our Columbus, Ohio office. These are both full-time summer internships for summer 2025 and will require someone who can work at least 40 hours per week. Start and end dates will be based on availability and business need. You will have the option to work a hybrid schedule from our corporate office location. Must be currently enrolled and have completed at least 60 credit hours with an accredited college or university.

Pay=$22.00 per hour

Encova Insurance has again been recognized as a RISE Elite Top 50 internship program, making this our fifth year in a row! Rising Insurance Star Executives (RISE) is the voice of young professionals who are looking for ways to share their innovative ideas and spread a new message about who the insurance industry is. As an intern at Encova Insurance you will be part of a dynamic, results-driven team and learn to manage real world situations alongside Encova associates. Our successful internship program attracts students from across our region and our diverse opportunities ensure that our interns are provided with a wide range of learning possibilities!

Are you a Referral?

If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.

Unique residence requirements are listed in each job posting, please review closely for details.

Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:

Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

JOB OBJECTIVE:
The Product Actuarial or Corporate Analytics Intern will perform tasks, projects and research in support of areas including pricing, underwriting, data analytics, profitability reporting, and/or Enterprise Risk and Capital Modeling. These two positions will provide meaningful and impactful support to the Product Actuarial unit and business teams, or to the Corporate Analytics team.

ESSENTIAL FUNCTIONS:
* Develop rate indications following standard actuarial practices.
* Review specific components of rating plans using internal profitability data and competitive analysis.

* Prepare rate filings and work with state insurance departments as needed to gain regulatory approval.
* Assist in execution, maintenance, and expansion of management reports and analytics under direction of team

* Develop tools for monitoring business performance and risk identification

* Contribute to catastrophe risk management process improvement

* Perform studies to aid in the calibration of the economic capital model

OTHER FUNCTIONS:
* Other tasks as assigned.

KNOWLEDGE, SKILLS AND ABILITIES:
* Must be currently enrolled and have completed at least 60 credit hours with an accredited college or university.
* Must be actively enrolled and pursuing a degree. Preference may be given to Actuarial Science, Statistics, Mathematics, or other math related major.
* Proficient in Excel and other Microsoft applications.
* Ability to communicate complex topics to diverse audiences.
* Responsiveness to customer needs.
* Ability to work well with others from various departments and technical backgrounds.
* Ability to multi-task.
* Must be detail oriented

This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.

Ready to join our team?
At Encova Insurance, we firmly believe that our associates drive our company's success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities.

Join us to discover a work experience where your diverse ideas will be met with enthusiasm - where you can learn and grow to your fullest potential.

What you can expect from us
Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to: a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations.

Encova Insurance is an EOE/E-Verify employer.