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Actuarial Intern

| Chicago
Who's Clearcover?
Clearcover is the smarter car insurance company. We use powerful technology to offer everyday drivers better coverage for less money. We’re proud to be one of the fastest growing startups in Chicago, and we’re currently looking to add a few more extraordinary people to our team.
 
What is an Actuarial Intern?
We’re building a smarter choice for car insurance and want you to join us on this mission. Kick-start your Actuarial Career while shaking up the Auto Insurance industry.
Clearcover is looking for intellectually curious, analytically focused actuarial students with a love for computer science for a summer 2019 internship opportunity! This summer internship position will take place at Clearcover’s GLOBAL (we have to start somewhere right?) headquarters at 33 W Monroe St in Chicago’s Central Loop. The start date for this position is flexible to your summer availability, up to 12 weeks. This position will support Clearcover’s Chief Actuary with managing pricing and product management functions for the auto line of business.
 
What will you do?
  • Conduct analysis on the existing auto book of business to facilitate product decision making designed to maximize customer lifetime value
  • Work with business intelligence teams to build and maintain actuarial reports using SQL (we’ll teach you don’t worry)
  • Helping to build the Clearcover auto product for 2019/2020 state launches
  • Collaborating with Claims, Product, and Growth on cross functional projects
 
What do you need?
  • Current Sophomore/Junior standing, in the actuarial science field of study 
  • Successful completion of a 100 level computer science course (we’re a tech company after all)
  • Standard knowledge in the use of data sources and applications to conduct research (it’s kind of what we actuaries do!)
  • Can analyze data and review analysis from others and identify and resolve basic data issues (checking the Chief Actuary’s back of the napkin math) 
  • Skill proficiency in Excel: Intermediate, Google: Intermediate, SQL: beginner (we’re a google company)
  • Strong ability to communicate effectively and to challenge the status quo (Curiousity and Grit are 2 of our core values!)
  • Strong decision making skills 
  • Alignment with Clearcover core values
 
What's in it for you?
  • Started your day with some cold brew from our Limitless tap
  • Learned how Insurance companies look at loss, premium and expense data to set actuarially appropriate insurance rates
  • Learned a few coding tricks from Clearcover’s small army of Developers and Data Scientists
  • Built relationships with other extremely high performing individuals
  • Learned how Pricing fits in with Underwriting, Claims, Product, and Marketing to make the entire Insurance Product work
  • Presented to the Clearcover Executive Team on your work/findings
  • Gained in-depth insurance knowledge
  • Establishing dominance in start-up office activities (ping pong/pop-a-shot etc.) to build the Actuarial department’s “street” cred
  • Thrived on the sense of accountability and the start-up culture of getting things done
  • Challenge the CEO on his knowledge of Sylvester Stallone 80’s classic, Over The Top
  • Enjoyed a beverage (beer for those 21+) from our smart fridge while sharing Friday Wins with the entire organization
  • Learned more than you ever have in any other 12 week time of your life
 
This paid internship will have compensation in line with the market.
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Location

33 W Monroe, Chicago, IL 60603

An Insider's view of Clearcover

What's something quirky about your company?

It’s surprising how much we all grow to love discussing insurance. Everyone is genuinely interested in how the industry works and sharing knowledge. I think we feel we owe it to our customers to understand how insurance works, so they don’t have to. We’ve likely all thought at one point, “Wow, I never thought I’d care about insurance this much.”

Sunny

Senior Software Engineer

How do you collaborate with other teams in the company?

Whether I'm working with Product to promote a feature launch or partnering with our Customer Advocate team to communicate updates to customers, I get to collaborate across teams, leverage my skills & improve my expertise every day. Clearcover nurtures a collaborative environment and encourages thinking outside the box to deliver better experiences.

Alice

Director of Communications

What are Clearcover Perks + Benefits

Culture
Volunteer in local community
Intracompany committees
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Clearcover covers 100% of the employee's dental benefits.
Vision Benefits
Clearcover covers 100% of the employee's vision benefits.
Health Insurance Benefits
Clearcover's health insurance plan is with United Healthcare with a range of plans including PPO, HDHP and HSA. If you elect an HSA, we cover your out-of-pocket deductible as an HSA contribution.
Life Insurance
Clearcover offers voluntary life insurance.
Pet Insurance
Onsite Gym
Retirement & Stock Options Benefits
401(K)
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Clearcover offers parental and maternal leave with up to three months of paid time off.
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Return-to-work program post parental leave
Company sponsored family events
Acme co. sponsors family oriented events Semi-annually.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Clearcover's offers Commuter Benefits, employees can save an average of 30 percent off their commute by contributing pre-tax dollars.
Company Outings
Clearcover celebrates company wins by organizing quarterly outings to a variety of places like the Escape Room, Punchbowl Social and Bounce.
Game Room
Clearcover's game room includes a state-of-the-art ping pong table, custom Nerf gun wall and a Pop-a-Shot to let employees enjoy breaks between work.
Stocked Kitchen
Some Meals Provided
Professional Development Benefits
Job Training & Conferences
Clearcover offers a stipend to each employee to invest as they choose in their own professional development.
Lunch and learns
Cross functional training encouraged
Promote from within
Time allotted for learning
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