Actuarial Intern (Data Science)

About the role

Division Or Field Office Office of Sales & Products Department of Position: Data Department Work From Corporate Office in Erie, PA Pay Rate $26-$27.50. 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.

Responsibilities

• 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.
• 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.

Requirements

• Regular and predictable attendance is an essential job function.
• Lifting/Moving 0-20 lbs; Occasional (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 (Manual Keying/Data Entry/inputting information/computer use; Often (20-50%) Climbing/accessing heights; Rarely

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: Minimum