Job Application for Actuarial & Risk Internship at MEMIC

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Do you love numbers, patterns, and figuring out how things really work behind the scenes? If so, you’re going to feel right at home with the Actuarial & Risk team. This internship puts you at the center of the models and analysis that help MEMIC understand risk, forecast the future, and make smart financial decisions. You’ll work with real data, real models, and real actuaries who are excited to help you grow.

What You’ll Do

You’ll jump into meaningful actuarial and risk management work from day one, including:

Supporting updates to the Actuarial Analysis System (AAS) by compiling expense provisions from current actuarial workbooks
Assisting with enhancements to MEMIC’s Own Risk Solvency Assessment (ORSA) model by integrating economic and market data into risk models, conducting ESG (Environmental, Social & Governance) research and enhancing reporting capabilities and helping design new model functionality
Performing loss reserve analysis across assigned states
Selecting development factors for loss, ALAE, and ULAE
Making initial selections of ultimate loss and expense estimates to support financial projections

What You Bring

Pursuing an Associate’s degree or higher
Curiosity, analytical thinking, and a love for solving complex problems
Comfort working with data and learning new tools
Strong communication skills — because explaining numbers is just as important as crunching them

Why You’ll Love This Internship

You’ll work with real actuarial models that influence company decisions
You’ll build resume‑ready skills in risk modeling, data analysis, and financial forecasting
You’ll see how math becomes strategy — and how actuaries help shape the future
You’ll get exposure to ESG, market data, and risk frameworks that are shaping the industry

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MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace.

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This internship pays $22/hour and the work schedule is Monday – Friday 8:00 am – 4:30 pm with a 1-hour lunch break. The total hours are 37.5 hours per week. Does this align with what you’re targeting for compensation?

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I hereby certify that the information contained in the employment application I submit to Maine Employers’ Mutual Insurance Company, hereinafter referred to as (“MEMIC”) or (“the Company”) is true and complete to the best of my knowledge. I understand that material omissions or falsification of this application may result in my disqualification from consideration for employment or dismissal from employment. I understand that the information I provide will be processed in accordance with MEMIC’s Job Applicant Privacy Notice (https://www.memic.com/job-applicant-privacy-notice). understand that my employment is subject to a satisfactory check of references. I authorize MEMIC and/or its designees the right to investigate the information given and to secure additional information, if necessary. I authorize my previous employers, educational institutions and all other individuals and organizations listed in this application form to provide information about my employment, work habits and character. I agree that MEMIC, and/or its designees and my previous employers, educational institutions and all other individuals and organizations listed in this application form will not be held liable in any respect if an employment offer is not made, is withdrawn, or my employment is terminated because of furnishing necessary information incident to the employment process. I understand that MEMIC is in no way obligated to provide employment and I am in no way obligated to accept employment, if offered. This application does not bind either party, and the statements contained herein do not constitute and should not be interpreted to constitute any sort of contract of employment for a specific period of time. I understand this application for employment is valid for 30 days only. Consideration for employment after 30 days requires a new application. I understand that upon offer and acceptance of a position with MEMIC, I will be required to provide documentation establishing my identity and eligibility to be legally employed in the United States. I understand that employment at MEMIC is employment at will. Employment may be terminated with or without cause at any time by me or by the Company. Terms and conditions of employment with MEMIC may be modified at the sole discretion of the Company with or without cause and with or without notice, except as may be required by law. I also understand that other than the President of the Company, no one has the authority to make any agreement for employment other than for employment at will or to make any agreement limiting the Company’s discretion to modify terms and conditions of employment. MEMIC is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person’s race, national origin, color, religion, age, gender, sexual orientation, gender identity or expression, disability, genetic information, military and veteran status, or any other protected status under applicable federal, state or local law. If you agree to the above, please type your first and last name and today's date.

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Actuarial & Risk Internship

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