Actuarial Intern (Data Science)
About The Position
The Future Focus Internship Program at Erie Insurance provides opportunities for professional and personal development. Interns gain professional experience in a challenging setting and are welcomed as part of the ERIE family. The program ensures the best internship experience with educational, developmental, professional, social, and networking opportunities, including interactions with high-level leaders. This internship focuses on data science techniques, data sources, tools, and business applications to conduct analysis, identify insights, and improve business performance. Interns will also research emerging trends and communicate findings to various audiences.
Requirements
- High school diploma or GED required.
- Pursuit of bachelor's degree with completion of sophomore year majoring in Actuarial Science, Mathematics, Statistics, Econometrics or related field required.
- Minimum 3.0 GPA required.
- Candidates in their final year of undergraduate study, or pursuing graduate studies are also eligible.
- Manual Keying/Data Entry/inputting information/computer use; Often (20-50%)
Nice To Haves
- Proficiency in probability and statistics as demonstrated by passing the first actuarial exam preferred.
- Basic knowledge of word processing, spreadsheet, presentation and data base software preferred.
Responsibilities
- Works with experienced departmental staff to learn data science techniques, data sources, tools, and business applications to conduct analysis.
- Assists in conducting detailed analysis to identify insights and opportunities to improve business performance and decision-making.
- Assists with researching emerging trends, tools, and techniques relevant to data science and the insurance industry.
- Communicates findings and recommendations to technical and non-technical audiences.
- Works with experienced departmental staff to learn actuarial techniques, data sources, and spreadsheets to conduct reviews of rating factors.
- Assists in conducting detailed analysis of The ERIE's insurance programs, profitability, rating factors, reserve studies, dynamic financial analysis, and experience exhibits.
- Creates exhibits, reports, and charts for actuarial and reserve studies, state insurance department filings, and rate recommendations.
- Develops a basic knowledge of ratemaking procedures used by The ERIE, competitors, and rate bureaus.
- Writes programs in SAS and Visual Basic to extract data to spreadsheet format.
- Reviews data for reasonableness and accuracy.
- Gathers ERIE and Industry information in response to requests.
- Presents rate, reserve and other analysis to management and communicates analysis impacts to other departments as required.
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What This Job Offers
Career Level
Intern
Education Level
High school or GED
