Actuarial Intern

Position Summary

Working with experienced departmental staff, conducts actuarial studies for auto, property and commercial lines of business. Presents findings and proposals to management. Supports the work of actuarial analysts while learning the actuarial analyst job function.

Opportunity to join our Future Focus Internship Program as an Actuarial Intern
 

Erie Insurance is committed to helping you learn and grow with a challenging internship position that will offer you relevant and real-world business experience. We are currently seeking applicants who are interested in being considered for our upcoming summer internship program as potential Actuarial Interns!  

Who should apply?
 

• Applications are accepted from college students currently enrolled at an accredited college or university to pursue a four-year degree or to complete a master's degree program full-time
• A four-year degree student should be completing sophomore, junior, or senior year (graduating in spring 2025 thru spring 2027)
• A minimum cumulative grade point average of 3.0 is required to be considered for this internship

About the Internship: The internship includes orientation to the company and the insurance industry through:
 

• A variety of challenging assignments in a stimulating work environment
• A personal mentor
• A variety of educational, social and community service events with other interns
• Social events and other networking activities with senior leaders including the CEO
• Relocation assistance may be available to those who qualify
• We have multiple talent programs and initiatives focused on attracting underrepresented students for internships and other job opportunities here at ERIE Insurance.

Duties and Responsibilities

• 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. Typical projects have included: deductible studies, trend and forecasts of average paid losses and frequencies, effect of large losses on rate indications, and competitive analysis.
• Creates exhibits, reports, and charts for actuarial and reserve studies, state insurance department filings, and rate recommendations. Determines appropriate presentation format.
• 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.

The first three duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.

This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.

Competencies

Qualifications

Minimum Educational and Experience 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.

Additional Experience 

• Minimum 3.0 GPA required.
• Candidates in their final year of undergraduate study, or pursuing graduate studies are also eligible.
• 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

Physical Requirements