Actuarial Intern (Data Science)

About the Role

This is an internship position focused on actuarial studies within the Data Science team at Erie Insurance Group. The program offers professional and personal development, aiming to provide a comprehensive internship experience with educational, developmental, social, and networking opportunities.

Key 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 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.
• 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 & Tech Stack

• Proficiency in probability and statistics.
• Basic knowledge of word processing, spreadsheet, presentation, and data base software.
• Experience with SAS and Visual Basic preferred.

Qualifications

• Minimum 3.0 GPA required.
• 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.
• 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.

Capabilities

• Values Diversity
• Nimble Learning
• Self-Development
• Collaborates
• Information Management Skills
• Customer Focus
• Cultivates Innovation
• Job-Specific Knowledge
• Instills Trust
• Optimizes Work Processes (IC)
• Decision Quality
• Ensures Accountability

Internship Program Dates:

• Start Dates: Monday, May 17th or Monday, May 24th, 2027
• End Date: Friday, August 6th, 2027