Actuarial Intern

Company Description:

Aspida Holdings Ltd., through its subsidiaries (collectively Aspida ), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $16.6 billion as of June 30, 2024. Aspida, through its U.S. platform Aspida Life Insurance Company is focused on leveraging technology and agility to help clients achieve and protect their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don t let egos get in the way. They don t settle for the status quo, and they don t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that s why we re doing things differently than everyone else in our industry. We re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

This position is responsible for assisting the pricing or valuation team with various actuarial activities as well as building the infrastructure needed for future model development work. As part of the broader actuarial department, this position will have the ability to gain exposure to other functions and high impact projects. This role is required to be onsite 3 days a week at our Durham, NC headquarters.

What You Will Do:

• Assist in development of actuarial models for pricing, reserving, and risk analysis.
• Prepare reports of key trends and communicate findings.
• Support senior actuaries by optimizing actuarial processes related to hedging and risk.
• Design and implement a process for helping Aspida set product rates in a more automated format.

What We Provide:

• Hourly
• Full-Time
• 10-week summer program

What We Believe:

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

What We Require:

• Working towards a Bachelor s degree in Actuarial Science, Mathematics, Finance, Economics, Computer Science, or related field
• At least one successful SOA exam preferred
• Analytical and problem-solving skills
• Clear and concise verbal and written communication skills
• Self-starter with a willingness to learn