Actuarial Intern (Data Science)

Location: Erie, PA, US

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.

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 three duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the 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

Collaborates

Information Management Skills

Customer Focus

Cultivates Innovation

Job-Specific Knowledge

Instills Trust

Optimizes Work Processes (IC)

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

Minimum 3.0 GPA 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.

Basic knowledge of word processing, spreadsheet, presentation and data base software preferred

Physical Requirements

Lifting/Moving 0-20 lbs; Occasional (