Worked as an actuarial intern on modelling probaility of reinsurance loses associated with natural catastrophes using ReMetrica. Also produced a VBA macro.
1. To what extent did you enjoy your work placement or internship?
I found the work really challenging at first, but with the time I learnt quite a bit. The pace of work was not too overwhelming, I had suffcient time to review the work, process feedback and had time for breaks. Not only did it improve my skills, but also it promoted my personal development.
2. To what extent did you feel valued by your colleagues?
Felt sufficently valued by line manager and received prompt feedback on my work. Senior colleagues were friendly and approachable, made me feel very welcome and tried to include me in most meetings and conversations. My buddy quickly included many activities in my timetable to keep me busy when I had more time on my hands.
3. To what extent were you given support and guidance by management/your supervisor(s)?
I received a lot of support, guidance and feedback. This really made me comfortable to take on work that I had little to no experience in. Furthermore, he was always available to discuss my progress on a weekly basis. He was quite approachable to address any doubts or queries that I had.
4. How busy were you on a daily basis?
For most of the internship, I had a decent amount of work that kept me quite busy. If I had little work, the work was mostly complex or challenging which maintained a good balance and vice versa.
Other days, I attended training in relation to my soft skills or worked on team projects.
5. How much responsibility were you given during your placement?
As an intern I recieved a good amount of responsibility. Within the intern corporate social responsibility project, I had an opportunity to take on more responsibility, work with more people and take a of lot of initiative. The work was mostly flexible and workload within the department during my placement was light.
6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
I planned to have a good understanding of ReMetrica and its functionality, which I was able to achieve by the end of my internship. Also, programming skills like VBA were quite transferrrable to other areas of interest. I highly value the fact that the experience allowed me to work with other interns as a team in order to fundraise.
7. What was the general atmosphere in your office?
A healthy office environment. Colleagues were quite friendly and approachable. A good amount of background noise, quite places were available to work from. Comfortable standing desks to change the pace of work. Plenty of meeting rooms available to arrange meeting, practice presentations and undertake presentations. Canteen made for a good area to have informal catch-ups.
8. How well organised was the overall work placement or internship set up?
The induction and technical training were well setup. Good amount of snacks and refreshments were available, after tasks and meetings. Very clear channel of contact and communication suring regular workdays. Was able to set up goals at the beginning which were achievable and had room to incorporate any sudden changes.
9. In terms of personal training and development, to what extent did the company or firm invest in you?
There was several opportunities for me to grow personally and develop professional skills. I attended training for improving my presentation and negotiation skills. Moreover, I had many mandatory online training courses about topics such a fraud, money laundering and cyber threats that gave me an opportunity to learn more about the business.
10. What were the perks on your work placement?
Working from home
11. How appealing are future employment prospects within the organisation?
12. Was there a good social scene amongst any fellow placement students/colleagues?
Most interns gathered after work at a local pub or enjoyed lunch together at the cafeteria. Weekends allowed for more elaborate activities to socialise and develop close friendships with other interns. The corporate social responsibility project also enable interns to bond with each and learn about the business in different departments.
13. What was the cost of living and socialising in the area you worked in?
The cost of living in the city was quite expensive. Travel was reasonably cheap and convinient over the span of the internship. However, the cost of socialising was alright. Not too expensive or cheap. Made weekly social gatherings a lot more affordable. Most other social gatherings were arranged by the company and didn't cost additonal amounts.
14. What was the Nightlife like in the area you worked?
15. Were there many opportunities to get involved in activities outside of work?
Our corporate social responsibility project allowed for interns to work with a charity to fundraise on the charity's behalf, raise awareness on the social issue and develop a social media strategy for them. This allowed us to meet people outside the organization motivated to work towards a cause and helping society.