Job Responsibilities and Requirements

Our Summer Intern Program is a ten-week practical experience that offers you an opportunity to gain knowledge about Reliance Matrix's business, mission, and culture. The program is designed to provide participants an experience in an extremely dynamic environment through collaboration and interaction with senior leadership, managers, cross-functional teams, and other interns.

Actuarial Internships with Reliance Matrix 

With supervision, the Actuarial Intern performs varied actuarial functions for Group lines of business with an emphasis on extraction and summary of data to support development of analysis of mortality, morbidity, persistency, and expenses.  Other functions include supervised assistance in pricing, product development, and aggregate rate adequacy analysis. 

Duties and Responsibilities: 

• Develops summary of data to support quarterly loss experience analysis for distribution to Underwriting and Claims.  
• Supports development of in depth loss experience analysis to drive continuous improvements to manual rate basis and rating/underwriting structure and practices. 
• Gathers data to enable reporting of case level adjustments to manual rate basis. 
• Develops summaries of persistency results by selected parameters. 
• Gathers and summarizes data needed to support periodic expense reviews. 
• Develops reports summarizing financial results by critical parameters including sales office, broker, and client. 
• Develops and maintains actuarial databases required to perform desired analyses. 
• Provides data summaries to support pricing and product development projects as required.  
• Provides assistance with system change testing
• Provides ad hoc support to Sales and/or Underwriting as required. 

Program Benefits:

• Hybrid Office/Remote Work Schedule
• Paid Internship Opportunity
• Opportunity to discuss full-time employment after graduation for top performers
• Targeted business training for successful professional skills

Internship Requirements: 

• Student pursuing at least a bachelor's degree in Computer Science, Information Technology, Data Science, or related field.
• Strong GPA
• Excellent Verbal and written communication skills
• Work, community involvement, or voluntary experience (Insurance industry experience a plus)
• A solid work ethic, positive attitude and desire to succeed
• Motivation to gain experience in the insurance industry

 

The expected hiring range for this position is $23.00 - $25.00 hourly for work performed in the primary location (Philadelphia, PA). This expected hiring range covers only base pay and excludes any other compensation components such as commissions or incentive awards. The successful candidate’s starting base pay will be based on several factors including work location, job-related skills, experience, qualifications, and market conditions. These ranges may be modified in the future.

Work location may be flexible if approved by the Company.

What We Offer

At Reliance Matrix, we believe that fostering an inclusive culture allows us to realize more of our potential. And we can’t do this without our most important asset—you.

That is why we offer a competitive pay package and a range of benefits to help team members thrive in their financial, physical, and mental wellbeing.  

Our Benefits:

• An annual performance bonus for all team members
• Generous 401(k) company match that is immediately vested
• A choice of three medical plans (that include prescription drug coverage) to suit your unique needs.  For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
• Multiple options for dental and vision coverage
• Company provided Life & Disability Insurance to ensure financial protection when you need it most
• Family friendly benefits including Paid Parental Leave & Adoption Assistance 
• Hybrid work arrangements for eligible roles
• Tuition Reimbursement and Continuing Professional Education
• Paid Time Off – new hires start with at least 20 days of PTO per year in addition to nine company paid holidays.  As you grow with us, your PTO may increase based on your level within the company and years of service. 
• Volunteer days, community partnerships, and Employee Assistance Program
• Ability to connect with colleagues around the country through our Employee Resource Group program

Our Values:

• Integrity
• Empowerment
• Compassion
• Collaboration
• Fun

EEO Statement

Reliance Matrix is an equal opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, national origin, citizenship, age or disability, or any other classification or characteristic protected by federal or state law or regulation. We assure you that your opportunity for employment depends solely on your qualifications.

 

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