Embarking on the journey to secure an actuary internship, you've probably hit a common snag: the daunting task of crafting a compelling cover letter. Unlike a resume, your cover letter mustn't rehash qualifications but instead weave a narrative around your proudest professional triumph. As you aim to convey formality without falling into cliché pitfalls, remember, brevity is key—keep it to a single page that packs a punch and leaves employers yearning to learn more about you.
- Create a actuary internship cover letter to persuade the recruiters you're the best candidate for the role;
- Use industry-leading actuary internship cover letter templates and examples to save time;
- Dedicate your actuary internship cover letter space to your best achievement;
- Make sure your actuary internship cover letter meets recruiters' expectations and standards.
Avoid starting at the blank page for hours by using Enhancv's AI - just upload your resume and your actuary internship cover letter will be ready for you to (tweak and) submit for your dream job.
If the actuary internship isn't exactly the one you're looking for we have a plethora of cover letter examples for jobs like this one:
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Actuary Internship cover letter example
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- Providing specific examples of past job successes (e.g., "development of over 10 insurance products" leading to a "20% surge in sales") demonstrates direct industry experience and the ability to deliver results, which is highly relevant for an Actuarial Analyst role.
- Highlighting expertise in relevant tools and software (e.g., "adeptness in statistical analysis via tools like SAS and Excel") showcases essential technical skills required for data analysis in actuarial work.
- Emphasizing the implementation of strategies that led to measurable cost savings (e.g., "introduce risk reduction strategies that culminated in a substantial 15% decrease in annual costs") illustrates an understanding of the importance of cost-efficiency and risk management in the insurance industry.
- Expressing eagerness to face the challenges the role presents and inviting further discussion ("I am eager to delve into the challenges and opportunities…") exhibits enthusiasm and a proactive approach to the role and the job application process.
The format of your actuary internship cover letter: structure, fonts, margins, and more
Your actuary internship cover letter should include a header (with your name, position, and date); a greeting and introductory paragraph; a body and closing paragraphs; and an optional signature.
Remember that you're writing your actuary internship cover letter for recruiters - as the Applicant Tracker System won't scan this content.
Here are a few more tips and tricks to keep in mind when formatting your actuary internship cover letter:
- Use the same font in your actuary internship cover letter and resume. We recommend modern fonts, e.g. Lato and Rubik, to help you stand out, instead of the stereotypical Arial and Times New Roman.
- Each paragraph should have single spacing, which is already set up for you in our cover letter templates.
- Our cover letter builder follows industry standards for your actuary internship cover letter formatting - with a one-inch margin, surrounding your content.
- Always export your actuary internship cover letter in PDF to ensure the image or text quality stays the same and your writing isn't moved about.
The top sections on a actuary internship cover letter
- Header: Includes your contact information and the date, ensuring the recruiter knows who you are and how to contact you, enhancing the professionalism of your application.
- Greeting: Addresses the recruiter or hiring manager by name if possible, showing that you’ve done your research and are personally engaged with the firm’s team dynamics.
- Introduction: Briefly articulates your interest in actuarial science, demonstrating passion and understanding of the field and how this internship aligns with your career goals.
- Body: Details your quantitative skills, coursework, analytical problem-solving experiences, and any relevant projects or previous internships, underscoring your preparedness and potential contributions to actuarial tasks.
- Closing: Reinforces your enthusiasm for the opportunity and mentions your availability to discuss your application further, prompting a call to action for an interview and showcasing your proactive approach.
Key qualities recruiters search for in a candidate’s cover letter
Proficiency in statistical analysis and mathematical modeling - Actuarial work is inherently quantitative, and the ability to analyze data and create models is essential for assessing risks and predicting financial outcomes.
Knowledge of actuarial science and risk management principles - A solid understanding of the core principles of actuarial science and risk management indicates readiness to contribute to the role immediately.
Strong academic record, particularly in actuarial exams - Progress in actuarial exams (such as those administered by the Society of Actuaries or Casualty Actuarial Society) showcases commitment to the actuarial profession and mastery of the necessary skills.
Excellent problem-solving and analytical thinking - Actuaries must be able to solve complex problems and make data-driven decisions, requiring sharp analytical abilities and logical thinking.
Proficiency with actuarial software and programming languages - Familiarity with software such as MATLAB, R, Python, or SQL, and tools like Excel for actuarial modeling and data analysis is important for efficiency and accuracy in the role.
Strong communication skills - The ability to communicate complex actuarial concepts to non-actuaries is vital for collaboration and for explaining results and recommendations to colleagues, management, and stakeholders.
The actuary internship cover letter salutation: how to address hiring managers
After covering the format of your actuary internship cover letter, let's look at the salutation.
Back in the day, the cordial "To whom it may concern" or "Dear Sir/Madam", might have worked out fine.
But, nowadays, your cover letter should approach hiring managers on a more personal basis.
So, what to do about your cover letter salutation?
If you've messaged the recruiters and are on a first name basis or a more formal one, use the hiring manager's name in the greeting (e.g. "Dear Sophie," "Dear Ms. Givens", or "Dear Mr. Everett,").
Always aim to make the effort to find out the name of the hiring manager, who'd be assessing your application. Search on LinkedIn, double-check the advert on the corporate website, or message the brand on social media to find out more about the role.
If you can't find the hiring manager's name (and still want to sound professional), use "Dear HR Team,", "Dear Hiring Manager,", or the likes.
List of salutations you can use
- Dear Hiring Manager,
- Dear [Name of the Actuarial Department Head],
- Dear [Name of the Chief Actuary],
- Dear [Name of the Human Resources Manager],
- Dear [Company Name] Recruitment Team,
- Dear [Name of the Internship Coordinator],
Using your actuary internship cover letter intro to show your dedication
We know just how difficult it is to start writing your actuary internship cover letter introduction.
There are so many great qualities you have as a professional, which one should you choose?
How about writing up to two sentences about your passion and commitment to the work you do or are set to do?
Try to describe exactly what you enjoy about the potential role.
A positive attitude from the get-go will help you stand out as a motivated actuary internship professional.
The middle or body of your actuary internship cover letter body: a great instrument to tell a story
Now that you've set the right tone with the greeting and introduction of your actuary internship cover letter, it's time to get down to business.
Hear us out, the body of your actuary internship cover letter is the best storytelling instrument you have, in your job-hunting arsenal.
Writing the next three to six paragraphs, take the time to reassess the advert to discover job-crucial requirements.
Next, choose one accomplishment that covers those key skills and talents.
Use precisely that achievement to tell an exciting story of how you match the ideal candidate profile.
In the undertones of your story or actuary internship cover letter body, hint at the difference you'd make and sell your application as the perfect one for the job.
Closing remarks to end your actuary internship cover letter
Of course, you'll have to show gratitude to the recruiters, who have assessed your profile at the end of your actuary internship cover letter .
A "Thank you for the consideration" would work wonders, instead of the standard "Sincerely yours".
Do you want to make an even better impression?
Close off your actuary internship cover letter by promising how you see yourself excelling in the role and the positive impact you'd bring about.
A sentence that encourages some further action on the recruiter's end could also be a good way to close off the communication (e.g. provide your availability for an interview).
Is it beneficial to mention that you have no experience in your actuary internship cover letter?
Lacking professional experience isn't the end of the world for your actuary internship cover letter.
Just be honest that you may not have had roles in the industry, but bring about so much more.
Like, your transferable skills, attained thanks to your whole work and life experience (e.g. the skills your summer spent working abroad taught you).
Or, focus on what makes you, you, and that one past success that can help you stand out and impress recruiters (think of awards you've attained and how they've helped you become a better professional).
Alternatively, write about your passion and drive to land the job and the unique skill set you would bring to enhance the workplace culture.
Key takeaways
We hope this actuary internship cover letter writing guide has shown you how to:
- Format your actuary internship cover letter with the mandatory sections (e.g. header, greeting, intro, body, and closing) and select the right font (P.S. It should be the same as the one you've used for your resume);
- Substitute your lack of professional experience with your most noteworthy achievement, outside of work, or your dreams and passions;
- Ensure recruiters have a more personalized experience by tailoring your cover letter not just to the role, but to them (e.g. writing their first/last name in the salutation, etc.);
- Introducing your biggest achievement and the skills it has taught you in your actuary internship cover letter body;
- Write no more than two sentences in your actuary internship cover letter introduction to set the right tone from the get-go.
