Internship Merchant Risk Analyst Jobs in Glassboro, NJ

Who We Are:

NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.

Our sister company, Argo Capital Group, was founded in 1996 to facilitate risk sharing for Excess Reinsurance’s partners and clients.

About Excess Reinsurance

Founded in 1988, Excess Reinsurance was one of the first managing general underwriters in the nation to specialize in stop-loss insurance. Stop-loss insurance helps protect self-funded employers from the financial impact of large and unexpected healthcare claims, placing our actuarial team at the intersection of healthcare, insurance, data analytics, and risk management.

What began as a team of three underwriters has grown into a diverse organization spanning actuarial, underwriting, sales, claims, legal, and operations. Today, Excess Reinsurance underwrites stop-loss coverage for more than 1,000 employer groups annually while remaining guided by four core principles: integrity, stability, innovation, and quality service.

Our sister company, Argo Capital Group, was founded in 1996 to facilitate risk sharing for Excess Reinsurance’s partners and clients.

Summary of the Role: As an Actuarial Analyst, you will be responsible for analyzing claims and risk data, developing actuarial models, projecting costs and liabilities, and supporting underwriting and reinsurance decision-making. The role combines technical actuarial work with data analysis to help evaluate risk exposure, pricing, reserves, and program performance.

• Analyze medical claims, membership, pricing, and underwriting data to identify trends and support business decisions
• Conduct actuarial research and experience studies, applying actuarial methods to develop and refine pricing assumptions
• Evaluate provider network discounts and performance and develop network and PPO factors used in rating
• Develop pricing for medical, dental, and vision benefit plans and partner with Underwriting to evaluate plan designs
• Support the review and ongoing refinement of manual rates, trend assumptions, and other pricing factors
• Contribute to the development and pricing of new products and benefit offerings
• Perform loss-ratio and financial analyses to evaluate business performance and emerging experience
• Present findings and recommendations clearly to actuarial, underwriting, and other business partners
• Take increasing ownership of projects and decisions while receiving guidance and mentorship from experienced team members

• Proficiency in Microsoft Excel
• Excellent written and verbal communication skills
• Commitment to pursuing actuarial credentials, continuous learning, and professional growth
• Ability to work collaboratively while taking ownership of assigned work
• At least one actuarial internship or other directly relevant analytical experience
• Exposure to, or interest in learning, SQL, Python, and AI-enabled analytical tools
• Demonstrated leadership through academic, professional, or extracurricular activities
• Strong analytical, problem-solving, and technical skills, coupled with intellectual curiosity and the initiative to seek out answers, improve processes, and continuously learn

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or another quantitatively rigorous field
• Cumulative GPA of 3.5 or higher
• At least one actuarial internship or other directly relevant analytical experience
• Exposure to, or interest in learning, SQL, Python, and AI-enabled analytical tools
• Completion of two or more actuarial exams

We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others. The base salary range for this position is $75,000 to $90,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

NFP and You... Better Together!

NFP is an inclusive Equal Employment Opportunity employer.