Actuarial Intern

Erie Insurance; Erie (Erie County); On-site; USD 1,247,000 - 1,319,000; Full time

Benefits offered by this job

Relocation assistance

Future Focus Internship Program

Bonus potential

Job summary

Erie Insurance offers a Future Focus Internship Program for Actuarial Interns, beginning May 2027, with opportunities to learn pricing, reserving, and modeling in auto, property, and commercial lines. Internship includes broad exposure to actuarial work and interactions with senior leaders.

Applicants should be college students pursuing a four-year degree or master's degree, with a minimum GPA of 3.0. Relocation assistance may be available for qualified candidates.

Qualifications

• Minimum educational requirements listed: high school diploma or GED and pursuit of bachelor's degree in actuarial science, math, statistics or related field.
• Proficiency in probability and statistics; passing first actuarial exam preferred.
• Basic knowledge of word processing, spreadsheets, presentation and database software.

Responsibilities

• Learn actuarial techniques, data sources, and spreadsheets under supervision; conduct reviews of rating factors.
• Analyze ERIE insurance programs, profitability, rating factors, reserve studies and trends; support rate indications.
• Create exhibits, reports, and charts for actuarial studies and rate recommendations; determine presentation formats.
• Write SAS and Visual Basic programs to extract data and prepare spreadsheets; ensure data accuracy.

Skills

Actuarial exam

Statistics

Microsoft Office

Education

High school diploma or GED

Pursuing bachelor's degree (Actuarial Science/Math)

Tools

SAS

Visual Basic

Spreadsheet

Job description

Select how often (in days) to receive an alert:

$26 - $27.50*
*Dependent upon the number of actuarial exams passed

*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location (State) based on ERIE's geographical differences, and experience of an applicant, as well as level of role for which the successful candidate is hired. Position may be eligible for an annual bonus payment.

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.

2027 Future Focus Internship Program Start Dates: Monday, May 17th or Monday, May 24th, 2027

2027 Future Focus Internship Program End Date: Friday, August 6th, 2027

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. The Actuarial Intern works alongside experienced actuarial professionals on a variety of projects designed to provide broad exposure to the actuarial profession and its role within the insurance industry. The intern gains hands-on experience across key areas of Property & Casualty actuarial practice, including pricing, reserving, and modeling, while applying analytical and technical skills to real-world business challenges. The internship also provides opportunities to learn how actuarial analysis supports business decisions, communicate findings to analysts and management, and gain exposure to different actuarial career paths within ERIE, including an introduction to our Life Actuarial department.

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 a potential Actuarial Intern!

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 2027 through spring 2029)

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 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 threeduties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performedin order forthe job to be accomplished.

Regular and predictable attendance is an essential job function. For certain positions at ERIE, including leadership roles, regular and predictable onsite presence may also be an essential job function based on business and operational needs.

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.

Capabilities

• Values Diversity
• Nimble Learning
• Self-Development
• Information Management Skills
• Customer Focus
• Job-Specific Knowledge
• Decision Quality
• Ensures Accountability

Qualifications

Minimum Educational 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

• 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/Moving 0-20 lbs; Occasional (<20%)
• Lifting/Moving 20-50 lbs; Rarely
• Ability to move over 50 lbs using lifting aide equipment; Rarely
• Driving; Rarely
• Pushing/Pulling/moving objects, equipment with wheels; Occasional (<20%)
• Manual Keying/Data Entry/inputting information/computer use; Often (20-50%)