Automatically apply for jobs with Zippia

Upload your resume to get started.

Actuarial internship skills for your resume and career

Updated January 8, 2025

4 min read

Below we've compiled a list of the most critical actuarial internship skills. We ranked the top skills for actuarial interns based on the percentage of resumes they appeared on. For example, 12.0% of actuarial internship resumes contained competitive analysis as a skill. Continue reading to find out what skills an actuarial internship needs to be successful in the workplace.

15 actuarial internship skills for your resume and career

1. Competitive Analysis

Competitive analysis is the process of assessing your competitors to determine their strengths and weaknesses, It is a part of strategic management that enables one to identify the opportunities and threats a business can face in the market.

Here's how actuarial interns use competitive analysis:

Researched on company's new fixed annuity product and successfully presented competitive analysis for non-actuarial team.
Worked in competitive analysis and developed pricing models using generalized linear modeling.

2. Analyze Data

Analyze data or data analysis refers to the practice of studying, organizing, and transforming data to make it more useful. It also includes the cleansing of non-useful information which helps in better decision making regarding any particular matter. Analyze data is a practice that is used widely in the field of business, social sciences, and science.

Here's how actuarial interns use analyze data:

Utilized MS Excel to analyze data.
Used Excel, C#, SQL, Access and Prophet to process and analyze data.

3. VBA

Visual Basic for Applications or, as it is commonly shortened to, VBA is a certain method of using Microsoft's event-driven programming language known as Visual Basic.

Here's how actuarial interns use vba:

Reviewed, recalculated and confirmed rates to be used in indexing of claims of pensioners with MS Excel worksheet and VBA.
Build stop loss premiums for 50 states within 117 different categories for Towers Watson Stop Loss Survey using VBA.

4. SQL

Here's how actuarial interns use sql:

Provided raw data by writing SQL queries in Access for pricing team and improved efficiency and accuracy of pricing process.
Provided data management support to assist in retrieving data, designing queries in SQL and organization using Microsoft Excel.

5. PowerPoint

Here's how actuarial interns use powerpoint:

Present findings and recommendations, via Microsoft PowerPoint presentation, from research projects to senior management within the organization.
Support development of PowerPoint presentations for client and trade association meetings and seminars.

6. SAS

SAS stands for Statistical Analysis System which is a Statistical Software designed by SAS institute. This software enables users to perform advanced analytics and queries related to data analytics and predictive analysis. It can retrieve data from different sources and perform statistical analysis on it.

Here's how actuarial interns use sas:

Create a tool to monitor and report new business production for a newly launched commercial product using SAS and Excel applications.
Assisted in analyzing the auto insurance data file in order to master the technical usage of Excel and SAS.

Choose from 10+ customizable actuarial internship resume templates

Build a professional actuarial internship resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your actuarial internship resume.

7. Data Analysis

Here's how actuarial interns use data analysis:

Worked with Senior Actuaries at the Oregon Insurance Division assisting with rate review analysis, data analysis, and informational presentations.
Calculated Ford Motor Company retirement benefits, which included: data analysis, data clean-up, and auditing calculations.

8. Annuity

Here's how actuarial interns use annuity:

Generated and analyzed deferred annuity cash flow projections in single cell spreadsheets; validated projection results from actuarial vendor software PolySystems.
Helped with several projects related to evaluation of reserves and annuity transactions.

9. Product Development

Product development is the complete procedure of creating a product from concept until release of the final product. Product development has many stages after which a product is released into the market. Identifying the need, creating the opportunity, conceptualizing a product, and providing a solution, all are different stages of product development.

Here's how actuarial interns use product development:

Provided actuarial support in pricing, product development and other cross functional teams.
Claim Analysis: Assisted commercial line specialists with claim analysis and product development.

10. Health Insurance

Here's how actuarial interns use health insurance:

Utilized federal review tools to evaluate health insurance binder submissions.
Assisted consulting actuary by verifying required content in rate manuals and actuarial memorandums for individual and small group health insurance plans.

11. Macro

Here's how actuarial interns use macro:

Created a Lotus macro to automate outstanding and unearned premium calculations, increasing efficiency.
Restructured a Lotus macro to calculate reinvestment income, revitalizing an obsolete program.

12. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how actuarial interns use financial statements:

Assisted in Preparing monthly and quarterly financial statements.
Examined and verified retirement trust financial statements.

13. R

R is a free software environment and a language used by programmers for statistical computing. The R programming language is famously used for data analysis by data scientists.

Here's how actuarial interns use r:

Conducted sensitivity analysis for crop insurance losses in R software
Constructed stochastic economic risk models in R for Premium and Reserve lines.

14. Benefit Calculations

Here's how actuarial interns use benefit calculations:

Worked in the retirement division assisting the consultants and analysts with pension benefit calculations.
Processed accrued and projected benefit calculations for pension plan participants.

15. Liability Management

Here's how actuarial interns use liability management:

Participated in and supported Asset-Liability Management working groups.
Performed projections for asset-liability management.

5 Actuarial Internship resume examples

Build a professional actuarial internship resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 5+ resume templates to create your actuarial internship resume.

Create my resume

Build a professional resume in minutes using this template.

What skills help Actuarial Interns find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

List of actuarial internship skills to add to your resume

The most important skills for an actuarial internship resume and required skills for an actuarial internship to have include:

Competitive Analysis
Analyze Data
VBA
SQL
PowerPoint
SAS
Data Analysis
Annuity
Product Development
Health Insurance
Macro
Financial Statements
R
Benefit Calculations
Liability Management
Life Insurance Products

Calculation
Loss Ratio
Actuarial Models
Statistical Analysis
GAAP
Data Collection
Medicaid
Annuities
Rate Changes
Pivot Tables
Rate Filings
ALM
Life Insurance Policies
Trend Analysis
IBNR
General Liability

MG-ALFA
Prophet
Access Database
Enterprise Risk Management
Auto Insurance
Competitor Analysis
Financial Reports
Moses
RAN
Actuarial Analysis
Medicare Advantage
Triangles
Quarter End
Insurance Data
Ggy Axis

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

Browse computer and mathematical jobs