Insurance Product & Pricing Internship Program - Actuarial Track

GEICO • Bethesda, MD

7d • Hybrid

About The Position

GEICO is seeking bright, driven future college graduates for the Actuarial Track of its Product & Pricing Internship Program. The paid 10-week summer internship provides hands-on experience with actuarial pricing work in a challenging and rewarding environment. Interns work alongside pricing and state management teams on projects and analyses that can affect GEICO’s growth, profitability, business decisions, and customers.

Projects may involve determining rates for insurance products, analyzing and projecting loss trends, supporting new product rollouts, rate reviews, filings, loss development, trend analysis, and ad hoc analysis. Interns develop and present analyses and proposals to pricing and state management leaders and stakeholders, gain experience with technical applications, and participate in insurance, business, pricing, actuarial, and technical training. The program also includes exposure to GEICO’s business objectives, internship forums, departmental meetings, social and networking events, and regular mentor meetings with State Product Management, Pricing Actuarial, and senior leaders. Interns may interview for a full-time position after completing the internship.

The position requires living within commuting distance of GEICO’s Bethesda, Maryland office and working a hybrid schedule, with three to four days per week in the office. GEICO states that it will not sponsor a new applicant for employment authorization for this position.

Requirements

• Currently pursuing a bachelor's or master's degree in mathematics, statistics, actuarial science, economics, business, data/business analytics, or another relevant quantitative field, with expected graduation by May 2028.
• Cumulative GPA of 3.0 or higher; applicants should upload all transcripts as part of the application process.
• Must live within commuting distance of the Bethesda, Maryland office and work a hybrid schedule, including three to four days per week in the office.
• Proven analytical, problem-solving, and decision-making abilities.
• Highly effective communication skills.
• Intermediate Excel skills.
• Basic proficiency with data analysis software such as R, SQL, Python, or Power BI.
• Self-driven and motivated, with leadership potential.
• Ability to handle multiple concurrent priorities and provide accurate, timely results.
• Intellectual curiosity, willingness to learn, and ability to ask insightful questions.
• Effective time management, attention to detail, and organizational skills.

Responsibilities

• Work on actuarial projects, including rate reviews, filings, loss development and trend analysis, and ad hoc analyses.
• Develop and present analyses and proposals to pricing and state management leadership and stakeholders.
• Use technical applications such as Excel, R, and Power BI.
• Participate in insurance, business, pricing, actuarial, and technical training.
• Participate in internship forums, departmental meetings, social and networking events.
• Meet regularly with State Product Management, Pricing Actuarial, and senior leaders in one-on-one mentor meetings.

Benefits

• Paid 10-week summer internship.
• Competitive pay, benefits, and flexibility to support well-being and future.
• Personalized development programs, mentorship, and certification assistance.
• Opportunity to interview for a full-time position upon completion of the internship.

What This Job Offers

• Career Level: Intern