Data Science Actuarial Intern: Insights & Impact

Erie Insurance

Erie (Erie County)

On-site

USD 25,000 - 34,000

Full time

6 days ago

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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.