MEMIC · 1 day ago
Actuarial & Risk Internship
Portland, ME
Internship
Onsite
InternMEMIC is a company that focuses on understanding risk and making smart financial decisions. This internship offers hands-on experience with actuarial models and risk management tasks, allowing interns to support various analyses and enhancements to existing models.
Financial ServicesInsurance
Responsibilities
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
Qualification
Required
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
Company
MEMIC
MEMIC is Maine's workers' compensation insurer, through Maine Employers Mutual Insurance Company.
Founded in 1993
201-500 employees
Funding
Current Stage
Late StageTotal Funding
$70M2025-12-10Debt Financing· $70M
2021-04-28Series D
Leadership Team
Michael Bourque
President and CEO
Catherine Lamson, SPHR, SHRM-SCP, WCP®
Senior Vice President, Chief Administrative Officer
Recent News
2026-01-09
2025-11-11
Company data provided by crunchbase