Actuarial Intern (Data Science)

Erie Insurance; Erie (Erie County); On-site; USD 25,000 - 34,000; Full time

Job summary

Erie Insurance is seeking a Data Science intern for its Future Focus Internship Program. You will work with experienced staff to learn data science techniques, data sources, and business applications, conducting analyses to identify insights for improving performance.

You will assist with researching trends relevant to data science in insurance, and communicate findings to technical and non-technical audiences.

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.
• Proficiency in probability and statistics as demonstrated by passing the first actuarial exam preferred.

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.
• Creates exhibits, reports, and charts for actuarial and reserve studies, state insurance department filings, and rate recommendations.
• 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.
• 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.

Skills

Values Diversity

Nimble Learning

Self-Development

Information Management Skills

Customer Focus

Job-Specific Knowledge

Decision Quality

Ensures Accountability

Education

High school diploma or GED

Pursuit of bachelor's degree in Actuarial Science, Mathematics, Statistics, Econometrics or related field

Tools

SAS

Visual Basic

Job description

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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.

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.

As a Data Science intern, you will focus on the following duties and responsibilites:

• Works with experienced departmental staff to learn data science techniques, data sources, tools, and business applications to conduct analysis.
• Assists in conducting detailed analysis to identify insights and opportunities to improve business performance and decision-making.
• Assists with researching emerging trends, tools, and techniques relevant to data science and the insurance industry.
• Communicates findings and recommendations to technical and non-technical audiences.

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%)