Craig Stetchak
Actuarial Science Summer 2019
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Role
Defined Contributions Intern
Location
Philadelphia
When did you work there?
Summer 2019
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
I would work on different clients defined contributions plans to make sure they pass all of the discrimination tests. In order to do that you do have to do some calculations and work in their computer program, ASC.
Did you have a mentor?
Yes
If so, how did he/she help you during your internship?
Provided me with a lot of knowledge regarding defined contribution plans.
Did you feel your RMI/AS classes better prepared you for the internship?
Not really but used some theory of interest material.
Interviewing/Hiring Process Comments:
Pretty simple. One on campus and one in office that lasted about 3 hours.
Were you assigned any special projects? If so please describe.
I had to clean up a clients file by tracking all of their retirement plans, reconciling them, then putting them under one plan file.
What were the supplemental benefits besides the pay? (Internship Lunches, Housing, Sports Games, Happy Hours, etc.)
There was quite a bit to do outside the work environment.
Describe the company's internship program (atmosphere, work load, work, housing, outside work activities, etc.).
The people there are really friendly and great to work with. The work load isn't too much but enough to keep you busy. Was the internship what you expected after the interviewing/hiring process?
Yes
Were you provided time off besides the weekend?
Provided off for holidays.
Defined Contributions Intern
Location
Philadelphia
When did you work there?
Summer 2019
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
I would work on different clients defined contributions plans to make sure they pass all of the discrimination tests. In order to do that you do have to do some calculations and work in their computer program, ASC.
Did you have a mentor?
Yes
If so, how did he/she help you during your internship?
Provided me with a lot of knowledge regarding defined contribution plans.
Did you feel your RMI/AS classes better prepared you for the internship?
Not really but used some theory of interest material.
Interviewing/Hiring Process Comments:
Pretty simple. One on campus and one in office that lasted about 3 hours.
Were you assigned any special projects? If so please describe.
I had to clean up a clients file by tracking all of their retirement plans, reconciling them, then putting them under one plan file.
What were the supplemental benefits besides the pay? (Internship Lunches, Housing, Sports Games, Happy Hours, etc.)
There was quite a bit to do outside the work environment.
Describe the company's internship program (atmosphere, work load, work, housing, outside work activities, etc.).
The people there are really friendly and great to work with. The work load isn't too much but enough to keep you busy. Was the internship what you expected after the interviewing/hiring process?
Yes
Were you provided time off besides the weekend?
Provided off for holidays.
Karl Forst
Actuarial Science Summer 2019
Video |
Role
Outsourcing Intern
Location
Philadelphia, PA
When did you work there?
Summer 2019
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
I worked on a team which had many different clients and assisted in many projects for lump sums, cost of living adjustments, calculations, audits, and many other things.
Did you have a mentor?
No
Did you feel your RMI/AS classes better prepared you for the internship?
My introduction to risk course definitely helped prepare me for my time in the retirement plans industry. Interviewing/Hiring Process Comments:
CBIZ does a great job of sending you to a multitude of people where you have the opportunity to meet many people from the company and make an impression on someone.
Were you assigned any special projects? If so please describe.
I was assigned a special project on one companies cost of living adjustment where I was tasked to calculate and form letters to send to all the participants which explained their cost of living adjustment for the year.
What were the supplemental benefits besides the pay?
They sometimes paid for lunches.
Describe the company's internship program.
CBIZ had a great atmosphere of people who genuinely wanted to help you if you ever had issues or problems with any work.
Was the internship what you expected after the interviewing/hiring process?
Yes.
Were you provided time off besides the weekend?
We got a 2 days off for the 4th of July.
Outsourcing Intern
Location
Philadelphia, PA
When did you work there?
Summer 2019
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
I worked on a team which had many different clients and assisted in many projects for lump sums, cost of living adjustments, calculations, audits, and many other things.
Did you have a mentor?
No
Did you feel your RMI/AS classes better prepared you for the internship?
My introduction to risk course definitely helped prepare me for my time in the retirement plans industry. Interviewing/Hiring Process Comments:
CBIZ does a great job of sending you to a multitude of people where you have the opportunity to meet many people from the company and make an impression on someone.
Were you assigned any special projects? If so please describe.
I was assigned a special project on one companies cost of living adjustment where I was tasked to calculate and form letters to send to all the participants which explained their cost of living adjustment for the year.
What were the supplemental benefits besides the pay?
They sometimes paid for lunches.
Describe the company's internship program.
CBIZ had a great atmosphere of people who genuinely wanted to help you if you ever had issues or problems with any work.
Was the internship what you expected after the interviewing/hiring process?
Yes.
Were you provided time off besides the weekend?
We got a 2 days off for the 4th of July.
Christina Airddeutschlander
Actuarial Science Summer 2018
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Role
Compliance (Administrative Outsourcing) Intern
Location
Philadelphia
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
Monitored and audited processes and then wrote reports; tested enhancements to organization's task tracking system and co-wrote a reference manual; created reference guide for employee's by ascertaining the death lineage information from individual plan documents and compiling it into a spreadsheet
Did you have a mentor?
No
If so, how did he/she help you during your internship?
Although I was not assigned a mentor, my supervisor was helpful in answering my general industry questions and teaching me general things about the retirement plan area
Did you feel your RMI/AS classes better prepared you for the internship?
Yes
What were the supplemental benefits besides the pay?
They had lunches, volunteering opportunities, game night, and educational presentations throughout the internship
Describe the company's internship program.
The work load was very manageable. Supervisors were very flexible on tasks dependent on progress. The managers were very helpful, informative, and friendly. Since I live in the Philadelphia area no housing was provided. They had several social opportunities during work hours and outside of work hours as mentioned above (lunches, game night etc...)
Was the internship what you expected after the interviewing/hiring process?
Yes.
Were you provided time off besides the weekend?
Yes, as requested. I asked for one day off to study for exam P exam and they were very supportive in giving it to me. I also needed part of a day off for jury duty and of course they gave that to me. Of course, it was unpaid time off but they were very kind and flexible about my work schedule.
Compliance (Administrative Outsourcing) Intern
Location
Philadelphia
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
Monitored and audited processes and then wrote reports; tested enhancements to organization's task tracking system and co-wrote a reference manual; created reference guide for employee's by ascertaining the death lineage information from individual plan documents and compiling it into a spreadsheet
Did you have a mentor?
No
If so, how did he/she help you during your internship?
Although I was not assigned a mentor, my supervisor was helpful in answering my general industry questions and teaching me general things about the retirement plan area
Did you feel your RMI/AS classes better prepared you for the internship?
Yes
What were the supplemental benefits besides the pay?
They had lunches, volunteering opportunities, game night, and educational presentations throughout the internship
Describe the company's internship program.
The work load was very manageable. Supervisors were very flexible on tasks dependent on progress. The managers were very helpful, informative, and friendly. Since I live in the Philadelphia area no housing was provided. They had several social opportunities during work hours and outside of work hours as mentioned above (lunches, game night etc...)
Was the internship what you expected after the interviewing/hiring process?
Yes.
Were you provided time off besides the weekend?
Yes, as requested. I asked for one day off to study for exam P exam and they were very supportive in giving it to me. I also needed part of a day off for jury duty and of course they gave that to me. Of course, it was unpaid time off but they were very kind and flexible about my work schedule.
Allen Lin
Actuarial Science Summer 2018
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Role
Defined Benefits Intern
Location
Philadelphia, Pennsylvania
Please list your major(s) and minor(s).
Major: Actuarial Science, Minor: Business Analytics
Provide a general description of the work at your internship.
I filed annual reports of employee benefit plans with the Department of Labor, reconciled participant data from previous year to track changes in status; prepared current year’s expense report, and complied data from plan applications for suspension of benefit according to new laws passed
Did you have a mentor?
No
Did you feel your RMI/AS classes better prepared you for the internship?
They helped tremendously through teaching basic concepts that lead to me being ahead of the other interns. This was true for introduction to risk management, where the topic of retirement mirrored the concepts of the duties I was assigned. Without that class, I would not have been able to succeed at my internship.
Were you assigned any special projects?
None specifically
What were the supplemental benefits besides the pay?
None
Describe the company's internship program
Great atmosphere of people, good amount of challenging work to keep your mind thinking, exciting volunteering activities helping the local community
Was the internship what you expected after the interviewing/hiring process?
Yes
Were you provided time off besides the weekend?
No
Defined Benefits Intern
Location
Philadelphia, Pennsylvania
Please list your major(s) and minor(s).
Major: Actuarial Science, Minor: Business Analytics
Provide a general description of the work at your internship.
I filed annual reports of employee benefit plans with the Department of Labor, reconciled participant data from previous year to track changes in status; prepared current year’s expense report, and complied data from plan applications for suspension of benefit according to new laws passed
Did you have a mentor?
No
Did you feel your RMI/AS classes better prepared you for the internship?
They helped tremendously through teaching basic concepts that lead to me being ahead of the other interns. This was true for introduction to risk management, where the topic of retirement mirrored the concepts of the duties I was assigned. Without that class, I would not have been able to succeed at my internship.
Were you assigned any special projects?
None specifically
What were the supplemental benefits besides the pay?
None
Describe the company's internship program
Great atmosphere of people, good amount of challenging work to keep your mind thinking, exciting volunteering activities helping the local community
Was the internship what you expected after the interviewing/hiring process?
Yes
Were you provided time off besides the weekend?
No
Nirja Shah
Actuarial Science Summer 2018
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Role
Defined Benefits Intern
Location
Philadelphia, Pennsylvania
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
I worked on calculating benefits for the participants in pension plans using different benefit calculators in excel, used CBIZ proprietary software to create funding reports, prepared data reconciliations in Excel, and filled out government forms.
Did you have a mentor?
No
If so, how did he/she help you during your internship?
I didn't have a mentor but we had a lot of informational sessions from senior managers and they answered all our questions. Also, my manager and the analysts I worked with were always willing to answer all my questions.
Did you feel your RMI/AS classes better prepared you for the internship?
To some extent
Interviewing/Hiring Process Comments:
The interviews were more conversational rather than technical questions.
Were you assigned any special projects? If so please describe.
Yes, I had to write codes in VBA to do sensitivity analysis on a stochastic model.
What were the supplemental benefits besides the pay?
Internship lunches, board game night, mini-golf tournament, ice-cream social, national interns day celebration, volunteering, softball tournament
Describe the company's internship program
The work atmosphere, amount and quality of work, and outside work activities were all in a good balance. And the people were really friendly and always willing to take the time to teach the interns new things and answer any questions we might have.
Was the internship what you expected after the interviewing/hiring process?
The internship was even better than what I expected after the interviewing/hiring process.
Were you provided time off besides the weekend?
It was a 37.5 hours work week and we were allowed to work more hours on the other days if we wanted a day off to make up for it.
Defined Benefits Intern
Location
Philadelphia, Pennsylvania
Please list your major(s) and minor(s).
Actuarial Science
Provide a general description of the work at your internship.
I worked on calculating benefits for the participants in pension plans using different benefit calculators in excel, used CBIZ proprietary software to create funding reports, prepared data reconciliations in Excel, and filled out government forms.
Did you have a mentor?
No
If so, how did he/she help you during your internship?
I didn't have a mentor but we had a lot of informational sessions from senior managers and they answered all our questions. Also, my manager and the analysts I worked with were always willing to answer all my questions.
Did you feel your RMI/AS classes better prepared you for the internship?
To some extent
Interviewing/Hiring Process Comments:
The interviews were more conversational rather than technical questions.
Were you assigned any special projects? If so please describe.
Yes, I had to write codes in VBA to do sensitivity analysis on a stochastic model.
What were the supplemental benefits besides the pay?
Internship lunches, board game night, mini-golf tournament, ice-cream social, national interns day celebration, volunteering, softball tournament
Describe the company's internship program
The work atmosphere, amount and quality of work, and outside work activities were all in a good balance. And the people were really friendly and always willing to take the time to teach the interns new things and answer any questions we might have.
Was the internship what you expected after the interviewing/hiring process?
The internship was even better than what I expected after the interviewing/hiring process.
Were you provided time off besides the weekend?
It was a 37.5 hours work week and we were allowed to work more hours on the other days if we wanted a day off to make up for it.