Analyst Internship- Actuarial (CFO Org)

GEICO•Bethesda, MD

4d•$25 - $41•Hybrid

About The Position

GEICO is offering a rewarding career where ambitions are met with endless possibilities. Every day, GEICO honors its iconic brand by offering quality coverage to millions of customers and being there when they need us most. GEICO thrives on relentless innovation to exceed customers' expectations while making a real impact on local communities nationwide. Founded in 1936, GEICO is a member of the Berkshire Hathaway family of companies and one of the largest auto insurers in the United States. GEICO offers the GEICO Pledge: Great Company, Great Culture, Great Rewards, and Great Careers. Actuaries are essential to GEICO’s continued success as one of the nation’s leading auto insurers. Their duties consist of determining rates for various insurance products, analyzing and projecting drivers of loss trends, developing and enhancing new insurance products, examining and setting loss reserves, working with data infrastructure, and much more. GEICO's actuaries are motivated, self-driven, and excellent analytical thinkers. GEICO’s actuaries do more than crunch numbers – they are active in determining business strategies, educating management on profitability and projections, and communicating across departments to ensure company success. Actuaries are key members of GEICO’s management team, as a wide range of critical decisions are based on their projections and professional opinions. As an Actuarial Intern, you will be provided the opportunity to directly impact GEICO's growth and profitability by working alongside other actuaries on various actuarial projects and analysis. From day one, your work will have an impact, forming the basis for truly transformative solutions!

Requirements

Currently pursuing a Bachelor's or Master's degree in Math, Statistics, Actuarial Science, Economics, Business, Data/Business Analytics, or other relevant quantitative field of study with expected graduation by May 2028
Cumulative GPA of 3.0 or higher (Please upload ALL transcripts as part of the application process)
Must live within commutable distance from one of our offices in Bethesda, MD or Chicago, IL, and work a hybrid schedule, including working from the office at least three days per week
Proven analytical, problem-solving, and decision-making abilities
Highly effective communication skills
Intermediate skills in Excel
Basic proficiency with data analysis software such as R, SAS, SQL, Python, Power BI, and/or similar tooling
Self-driven, motivated, and leadership potential
Ability to handle multiple concurrent priorities, providing accurate and timely results
Intellectual curiosity to learn and ability to ask insightful questions
Effective time management, attention to detail, and organizational skills

Responsibilities

Directly impact GEICO's growth and profitability by working alongside other analysts on various projects and analysis
Have an impact from day one, forming the basis for truly transformative solutions
Work on actuarial projects such as reserving analysis, claim trend analysis, and frequency/severity projections, which directly impact our company and customers
Develop and present analysis and proposals to various stakeholder groups
Gain valuable real-world experience using various technical applications such as Excel, SQL, R, Snowflake, Power BI and ResQ
Participate in insurance, actuarial, and technical trainings
Be introduced to GEICO’s business objectives and initiatives through active participation in internship forums and departmental meetings
Participate in social and networking events
Have an opportunity to interview for a full-time position at the completion of the internship