At a Glance
- Tasks: Support the development of capital models and analyse results in a collaborative team.
- Company: Join SCOR, a leading global reinsurer with a focus on innovation.
- Benefits: Gain hands-on experience with specialist tools and technologies in a dynamic environment.
- Other info: Exciting opportunity for career growth and learning in a supportive team.
- Why this job: Develop your actuarial skills while making a real impact in the insurance industry.
- Qualifications: Strong mathematical background, attention to detail, and problem-solving mindset.
The predicted salary is between 20000 - 30000 £ per year.
Capital modelling involves quantifying the risks faced by SCOR. The process of understanding and quantifying these risks allows exposure to various teams and lines of business. The successful candidate thrives in a collaborative environment and is eager to develop their actuarial expertise within a specialist team. The work will be hands on and highly technical, working with stochastic simulation models. It will include both business-as-usual tasks as well as project work. It is expected that the intern will focus on preparing and updating the inputs to the capital model, followed by analysis of the results. The intern will be supported to take ownership of tasks under the guidance of other actuaries. The intern will benefit from access to specialist actuarial modelling tools and technologies. This will allow the intern to build practical experience with tools that are commonly used in the Lloyd’s market, alongside industry knowledge.
Responsibilities
- Support the development and testing of the SCOR Syndicate capital model, to ensure that appropriate capital figures are presented to Lloyd’s.
- Collaborate with other teams (e.g. pricing actuaries) to source inputs to the capital model, while building an understanding of why the numbers have changed and whether the change is reasonable.
- Support and drive efficiency within the model input data and model output data manipulation processes to help streamline the workflow of the team.
- Assist in producing reports and presentations for internal stakeholders and regulators.
Qualifications Required:
- Attention to detail: Have a process-oriented mindset, be thorough in checking their own work, and have a keen eye for spotting mistakes.
- Problem-solving: Keep an open mind and be curious about why things are done in this way. Identify potential improvements in existing processes.
- Communication: Excellent interpersonal verbal and written skills that enable them to communicate effectively with colleagues.
- Organised: Able to organise and manage their workload, prioritising different tasks when needed.
- Driven: A self-motivator who is keen to learn.
- Microsoft Office (Excel and PowerPoint). SQL, Python, R or other programming language skills is an advantage.
Required Education
Strong educational track record, particularly relating to mathematical proficiency.
Locations: Level 6, London, United Kingdom, EC2N 4BQ, GB
Job Schedule: Full time
Actuarial Intern - Capital Modelling employer: SCOR UK Company Limited
SCOR is an exceptional employer that fosters a collaborative and innovative work culture, particularly for those in the actuarial field. As an Actuarial Intern in London, you will gain hands-on experience with advanced modelling tools while working alongside experienced actuaries, ensuring your professional growth in a supportive environment. The company prioritises employee development and offers unique exposure to the Lloyd’s market, making it an ideal place for aspiring actuaries to thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Intern - Capital Modelling
✨Tap into Campus Resources
Universities often have strong ties with banks and financial institutions. Make sure to check in with your career services for any internship fairs or networking events. These can be golden opportunities to meet representatives from firms like SCOR UK Company Limited and make a lasting impression.
✨Join Finance Societies and Clubs
Get involved with finance or investment clubs at your university. These not only offer great networking potential but often host guest speakers from the industry. Show your enthusiasm and engage with these professionals—who knows, they might tip you off about internship openings at SCOR UK Company Limited!
✨Have Your Application Ready to Go
Internship applications can be competitive and come with tight deadlines. Be proactive! Have your CV and cover letter prepared and tailored for roles at SCOR UK Company Limited. When the openings go live, you’ll want to be one of the first to apply.
✨Leverage LinkedIn for Connections
LinkedIn is a powerful tool, especially in the banking sector. Follow recruiters from SCOR UK Company Limited and connect with alumni who are working in similar roles. Don’t hesitate to drop them a message to introduce yourself and express your interest in internships—they might have insider info or even refer you!
We think you need these skills to ace Actuarial Intern - Capital Modelling
Some tips for your application 🫡
Show Off Those Grades!:In banking and financial services, your academic background is super important. Make sure to highlight your grades, especially in finance, economics, or maths. If you've got any relevant coursework or projects, don’t hesitate to include them in your CV!
Craft Your Cover Letter with Care:For an internship, we want to see your enthusiasm and motivation. Use your cover letter to explain why you’re excited about this opportunity at SCOR UK Company Limited and what you hope to learn. Be personal and connect the dots between your education and the role of Actuarial Intern - Capital Modelling.
Squeaky Clean CV:Your CV should be clear and free of jargon. Focus on the skills that matter most in the banking sector, like analytical thinking and attention to detail. Don't forget to include any internships or part-time jobs that show your experience in a banking environment!
Utilise Relevant Experiences:If you've been involved in finance-related clubs or societies at university, mention that in your application. Showing your practical experience alongside your studies can make a real difference and demonstrate your passion for the financial world. We love seeing candidates who go the extra mile!
How to prepare for a job interview at SCOR UK Company Limited
✨Show Us Your Analytical Skills
As an intern in the banking and financial services sector, you'll want to showcase your analytical skills. Be ready to tackle numerical and case questions during your interview. Brush up on your data interpretation abilities and consider scenarios where you've used data to solve problems.
✨Know Your Financial Tools
Familiarise yourself with the financial tools and software commonly used in banking, like Bloomberg or Excel for financial modelling. We recommend having a couple of examples where you've applied these tools in your studies or projects to impress the interviewer.
✨Be Passionate About Learning
Internships are all about learning, so express your enthusiasm for the banking industry. Share what trends you're excited about, or recent news you've followed, to show you're motivated and engaged. This can set you apart from other candidates who might be less enthusiastic.
✨Prepare for Behavioural Questions
Expect behavioural questions that assess your fit within a team and your ability to handle challenges. Think of examples from your studies or group projects that highlight your teamwork, adaptability, and communication skills. We want to see how you've navigated situations that are relevant to the workplace!
