Lockton is a global professional services firm with more than 8,000 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives. Check out the latest insights from Lockton's experts.
A few reasons Associates love working at Lockton include:
- Opportunities for growth and advancement, including paid training and professional development.
- 12-week paid parental leave.
- An emphasis on community involvement and giving back.
- Frequent athletic and wellness events.
- Incredibly generous rewards; US Associates receive a Rolex for their 10-year anniversary!
- We are uncommonly and perpetually independent.
Reinsurance Actuarial Intern (Philadelphia)
Lockton Re, the global reinsurance business of Lockton Companies, helps businesses understand, mitigate, and capitalize on risk. With over 400 colleagues in 19 locations globally, the business is continuing to grow, pushing the reinsurance industry forward with smarter solutions that leverage new technologies—delivered by people empowered to do what’s right for clients.
Lockton Re will offer Actuarial internships during this upcoming summer. The interns will be exposed to multiple facets of the reinsurance industry, including actuarial analysis and client relations. The internship program is very "hands-on" and will give candidates a thorough induction to our business and our culture.
We are seeking individuals who will demonstrate an eagerness to learn, a willingness to communicate and an adaptability to changing environments. Lockton Re looks for students entering their junior or senior year who are interested in building a career in a fast-paced industry.
Summer Intern responsibilities
- Participate in rotational program to learn about the various aspects of the reinsurance broking business
- Immerse yourselves in our Lockton Re culture.
- Assist Actuaries in the production, design, analysis and administration of reinsurance programs on behalf of client partners.
- Assist Actuaries contributing to the development of actuarial tools and processes
- Assist Actuaries in building stochastic underwriting models to analyze reinsurance structures
- Be accountable to Actuaries and Senior Actuaries to provide excellent and timely service to clients.
- Able and willing to learn new things – hardly anyone comes out of college knowing about reinsurance, so we’ll teach you if you are eager to learn
- Interested in building relationships - reinsurance is a relationship-driven industry and interacting with customers, reinsurers and colleagues in social settings is part of the job
- Collaborative and team-oriented - insurance works because people work together; reinsurance broking is no different
- A good communicator, both verbally and in writing - telling a compelling story and conveying your ideas clearly is what reinsurance broking is all about
- Able to think creatively and demonstrate problem-solving skills - new challenges inevitably arise, especially in a new company. Doing the best we can for our customers requires resourcefulness, imagination, and determination
- Trusted with detailed tasks - details matter, so having a process for reviewing your work to find errors and noticing when something doesn’t look right help to build trust with colleagues, customers and reinsurance partners
- Adaptable to changing environments - as a start-up company that is growing fast, we are gaining new employees and customers daily, so things move quickly and are constantly changing
- Experience with programming languages, preferably R or Python a plus
- Stochastic modeling / dynamic financial analysis experience a plus
- Actuarial exam progress towards CAS or SOA credentials a plus
Lockton Companies LLC is proud to provide everyone an equal opportunity to grow and advance. We strive to cultivate an environment that learns from, celebrates, and thrives because of our breadth of differences. We are committed to fostering a culture where every member of the Lockton family feels valued and accepted as they are and safe to bring their authentic selves to work every single day. At the end of the day, our mission is to ensure that our family can be anyone’s family.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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