Building My Actuarial Science Skills at the Pension Boards

In the summer of 2019, I was given the opportunity to be a part of the Pension Boards’ first 2019 Summer Internship Program. I accepted this offer with great joy since I would get to expand my knowledge in areas pertaining to my skillset and future aspirations, while also helping an organization committed to improving the lives of their members through responsible investing practices.

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When I first started working for the Pension Boards’ Finance department, I expected to perform typical tasks that revolve around finance and some basic budget analytics. But instead, we worked on analyzing data across a wide range of issues, including my favorite, actuarial analysis. For example, I had an opportunity to work on an annuity calculator with various retirement options by incorporating multiple variables stemming from mortality tables, salaries, employer and employee contributions. This work really helped shape my outlook on my field of interest since I am currently an actuarial science student at Baruch College. I am grateful to the Pension Boards for giving me a platform where I could grow my skills in this field. I have to say the experience went beyond my expectations.

With that being said, PBUCC is a good place to grow in a variety of industries, especially if you are someone that is intrigued by the world of finance and investments, and you want to grow the wealth of your future clients in a more ethical and responsible way. Aside from the hands-on learning experience, we were also paired up with a PBUCC mentor for the summer. They were extremely willing to help us at all times. In addition to the mentors, we were exposed to weekly presentations by department heads where we were able learn about their career journey through the sharing of personal stories. Reinaldo ScavengerHunt 352

Lastly, we engaged in a lot of fun team activities throughout the internship such as bowling, an all-staff BBQ, a scavenger hunt, and serving the elderly at the Amsterdam Nursing Home.

In conclusion, this internship program checks-off every box available: educative, friendly working environment, an organization with a great purpose, and fun.  It was definitely one of the best summer internship programs I’ve been a part of and certainly one that I would recommend to others.

*Reinaldo Cuni is a second-degree student at Baruch College in New York City studying Actuarial Science