Programs Underwriting Summer Intern

Posted:
11/21/2024, 2:18:11 AM

Location(s):
Toronto, Ontario, Canada ⋅ Ontario, Canada

Experience Level(s):
Internship

Field(s):
Business & Strategy ⋅ Data & Analytics

Workplace Type:
Hybrid

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

About This Internship

Arch’s 10-week summer internship program offers students a unique opportunity to gain hands on experience in the insurance industry. It provides challenging learning experiences that serve as a foundation for interns to explore their career choices and to develop professional skills. Working alongside some of the most talented members of the specialty insurance industry, interns will gain relevant expertise in various aspects of the field, participate in learning activities and receive ongoing feedback.

About This Role

  • Split time between the underwriting team and program management team.

  • Administer policy decks and handle endorsements (coding).

  • Pull, validate, and upload data from multiple sources into software.

  • Contribute to rate and loss analytics by analyzing performance trends.

  • Conduct segmentation studies, identify portfolio commonalities, and present findings.

  • Verify data in Bordereaux underwriting software.

  • Issue policies and create raters for the underwriting team.

  • Perform CAT modeling and analysis.

  • Analyze loss trends and contribute to data production.

  • Support special projects as needed.

Qualifications

  • Actively completing area of study in Arts, Finance, Commerce, Insurance, or related program.

  • Coursework completion and grades in good standing.

  • Completing a fulltime degree at an accredited University or College, preferably at a Canadian University.

  • Microsoft Office Suite proficiency, including Excel.

  • Power BI experience strongly preferred

  • Interest and experience in insurance industry preferred.

  • Entrepreneurial spirit along with the desire to be a continuous learner. 

  • Team player who collaborates effectively.

  • Self-starter who can work independently and deal effectively with multiple tasks/priorities in a fast-paced environment. 

Location & Work Arrangement 

  • The program dates are June 2 - August 8, 2025.

  • This position is classified as a hybrid position. You will work 2 days onsite and 3 days from home. 

  • This position is located in Toronto, Canada.

  • Relocation and housing assistance is not provided for this role.

Timeline 

Arch summer internship positions will be posted from November 2024 and will be unposted when filled.  

Pay   

For individuals assigned to or hired to work in Toronto, Canada, the hourly rate is $30-35 CAD as of the time of posting. The breadth in the range exists to accommodate students in specialized programs such as actuarial candidates and graduate students. Any actual rate offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, along with the education & qualifications of the candidate. The above range may be modified in the future. Intern position is eligible for select Arch benefits.

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Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

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