Summer Intern: Actuarial
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Position Overview & Specifications
Location: Douglas, Isle of Man Closing date for applications: 21st April 2023
Are you a passionate and driven student who is eager to gain paid experience during your summer break?
Our summer programmes give you a real job with real responsibility and a taste for how a global insurer operates. Our 2023 internship roles have been carefully designed to provide you with opportunities to build up a strong understanding of our culture and how we serve our customers.
Who are we looking for?
We are looking for an enthusiastic and passionate student to join our busy Actuarial team; where you will gain insight into all aspects of work performed by the Actuarial team.
Skills and experience….
- Strong academic performance in any discipline.
- Naturally curious and inquisitive.
- Demonstrates empathy: being able to put yourself in other peoples’ shoes and to show care and concern for others around you.
- A problem solver, who is open to innovation and will challenge the status quo to get the best result.
- Strong time management and organisational skills.
A bit more about what you will be doing….
- Reporting to regulators and to our parent company, analysis of experience data and dealing with non-standard calculations for policyholder queries.
- Subject to experience and progress, the successful candidate may use a variety of software tools including MS Office (predominantly ME Excel and MS Access), the actuarial modelling software Prophet, as well potentially programming languages such as SQL and R.
- Working with students at all levels of progress through their actuarial exams to gain an insight into studying for the professional exams and progress to becoming a qualified actuary.
Why a Zurich Summer Internship?
- Competitive pro rata salary
- 25 days holiday pro rata for the duration of the internship
- Gain experience of a fast-moving, competitive, and business-focused environment whilst completing your studies!
- Free car parking
- Free fruit on a weekly basis
- Employer of the year
Who are we?
We are Zurich International Life!
We support our fellow business units who provide life and savings products to markets around the world. Based out of the Isle of Man since 1982, Zurich has built a strong reputation as a reliable, dependable yet innovative insurer and regularly receives recognition and awards from the industry.
We believe in having a diverse mix of employees that reflects our customers and the communities in which we live and work. Our diversity and inclusion initiatives are shaping an environment where everyone feels welcome. We are committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community actively through the Zurich Community Trust.
This role is based in our state-of-the-art Isle of Man office alongside a further 300 employees at this location.
Please take a look at the video for an insight into Zurich:
https://players.brightcove.net/5768412917001/default_default/index.html?videoId=6318953386112
So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.
Candidate Selection & Onboarding Process
Application & Resume Screening
Submit your tailored CV/Resume directly to the talent acquisition portal.
Technical & Competency Interviews
Virtual interviews with the hiring manager and multidisciplinary team.
Formal Offer & Benefits Negotiation
Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.
Onboarding & Corporate Integration
Equipment provisioning, team orientation, and commencement of duties.
United Kingdom Right to Work & Skilled Worker Visa Guide
Employment in the United Kingdom requires legal Right to Work verified under the Home Office Points-Based Immigration System:
Sponsoring employers must hold an active Home Office A-rated Sponsor License and assign a valid Certificate of Sponsorship (CoS). Role must meet the general minimum salary threshold (£38,700) or occupation going rate.
Continuous employment under Skilled Worker status establishes eligibility for Indefinite Leave to Remain (ILR) after 5 continuous years, leading to British Citizenship.
Candidate Preparation Blueprint: Insurance Carriers
Based on transatlantic hiring benchmarks for Summer Intern: Actuarial roles across Zurich Insurance's corporate sector, successful applicants typically excel across three core dimensions:
Demonstrated portfolio evidence, architecture/system design case studies, or validated professional certifications directly applicable to Insurance Carriers.
STAR method competency responses highlighting cross-functional leadership, conflict resolution, and delivering measurable enterprise ROI under tight timelines.
Total compensation expectation aligned within the benchmarked £30,400 - £63,849 bracket, including retirement vesting and health parity.
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