Actuarial Internships

Date: Aug 20, 2019

Division or Field Office:

Actuarial Division

Department of Position: Pricing Department 

Work from:

Corporate Office in Erie, PA

 

At Erie Insurance, we believe in professional and personal development.  With our Future Focus Internship Program, both are provided in abundance.  Not only do we offer the opportunity to gain professional experience in a challenging and competitive setting, but we welcome you as part of the ERIE family.  We ensure that our interns receive the best internship experience possible, which includes multiple educational, developmental, professional, social and networking opportunities.  The esteem ERIE holds in its Future Focus Internship Program is evident at every level of the organization, defined even further by multiple opportunities for socializing with high level leaders, up to and including our President and CEO.  Are you ready for the internship experience of a lifetime?  Look no further.

 

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.

 

  • There are multiple positions available
  • The selected candidates will work out of our Corporate Office in Erie, PA

 

*Please note – We are unable to offer this position to individuals who will require current or future immigration sponsorship for employment.

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.
  • Competencies
    Ability To Learn And Follow Procedures
    Ability to Manage Complexity
    Arithmetic Computation
    Developing And Maintaining Relationships
    Information Management Skills
    Interpersonal Communication
    Job-Specific Knowledge
    Numerical Reasoning
    Planning And Organizing
    Presentation Skills
    Problem Analysis
    Oral Communication
    Service Orientation
    Time Management
    Qualifications

    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. 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
    Lifting 0-20 lbs; Occasional (<20%)
    Lifting 20-50 lbs; Rarely
    Lifting Over 50 lbs; Rarely
    Driving; Rarely
    Pushing/Pulling; Occasional (<20%)
    Manual Keying/Data Entry; Often (20-50%)
    Climbing; Rarely


    Nearest Major Market: Erie

    Job Segment: Intern, Developer, Actuarial, Entry Level, Technology, Insurance