Actuarial Intern, Hedging & Quantitative Solution

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Group1001 is looking for a college student to join us as an Actuarial Intern in our Hedging and Quantitative Solution team at our Zionsville, IN Corporate Office. The position will support our hedging function for fixed index annuities through applying knowledge of mathematics, computer programming, financial instrument pricing methodologies, and actuarial principles to:

• Perform calculations of asset and liability analytics for the fixed index and variable annuity hedge program

• Measure and report hedge program performance attribution

• Maintain and develop tools and procedures to support this activity

Main Accountabilities:

• Provide analytical support for hedging activities related to liability and asset valuation

• Conduct attribution analysis of hedge program movement

• Assist in development and maintenance of the annuity hedging model(s)

• Collaborate to enhance existing processes to improve the quality and efficiency of information gathering and flow

• Perform peer reviews of reports and output

Qualifications:

• Undergraduate students completing their sophomore or junior year preferred pursuing actuarial science, finance, economics, math, physics, engineering or related field

• Availability to work full-time hours over the summer

• Familiarity with Insurance industry is ideal

• Basic knowledge of derivatives instruments and models

• Strong analytical and problem-solving skills

• Strong written and communication skills

• Familiar with Microsoft Suite (Word, Excel, Outlook, Teams, PowerPoint)

• Coding experience with Python and SQL is a plus

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. 

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

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