Actuarial Summer Internship - Corporate (Hybrid)
Seeking highly motivated individuals looking for an exciting career in Actuarial Science!
Do you love to solve problems? Do challenging analytical questions keep you up at night? Are you looking to learn more about a career with focus on development, intellectual growth, with ample opportunity upward mobility? Whether you are rising senior in college or an experienced professional seeking a career change, consider joining GEICO’s 2023 Actuarial Internship program as a Summer Intern!
Actuaries are essential to GEICO’s continued success as one of the nation’s leading auto insurers. Their duties consist of determining rates for our various insurance products, analyzing and projecting drivers of loss trends, developing and enhancing new insurance products, examining and setting loss reserves, working with data infrastructure, and much more! Our actuaries are motivated, self-driven, and excellent analytical thinkers. GEICO’s actuaries do more than crunch numbers – they are active in determining business strategies, educating management on our profitability and projections, and communicating across departments to ensure company success. Actuaries are key members of GEICO’s management team, as a wide range of critical decisions are based on their projections and professional opinions.
As an Actuarial Intern, you will be provided the opportunity to directly impact GEICO's growth and profitability by working alongside other actuaries on various actuarial projects and analysis. From day one, your work will have an impact, forming the basis for truly transformative solutions!
During the summer internship, you will:
- Work on actuarial projects such as rate reviews, filings, reserve projections, and ad hoc analysis which directly impact our company and customers.
- Develop and present analysis and proposals to various stakeholder groups.
- Gain valuable real-world experience using various technical applications such as Excel, SAS, and R.
- Be introduced to GEICO’s business objectives and initiatives through active participation in internship forums and departmental meetings.
- Participate in insurance, actuarial, and technical trainings.
- Participate in social and networking events.
- Have an opportunity to interview for a full-time position at the completion of the internship.
Who you work with matters, and our department offers a diverse and supportive culture. We're embracing the hybrid work environment and finding effective ways to connect both in-person and virtually. Whether you want to join us by working at our corporate office just outside of Washington, DC, anywhere from full-time to occasionally, or remotely from another location, we have opportunities for you.
Candidate Qualifications:
- Already earned or actively pursuing a bachelor's degree in math, economics, actuarial science, or a related field
- A cumulative GPA of at least 3.0
- Proven quantitative, analytical, and problem-solving abilities
- Highly effective communication skills
- Strong computer skills, including Excel and some programming knowledge
- Self-Driven, Motivated, and Leadership potential
- Candidates currently enrolled in college must be rising seniors by the start of internship (i.e. graduating in December 2023 or May 2024) and must be planning to sit for or already have completed an actuarial exam before the end of their senior year
- College graduates must have passed at least one actuarial exam prior to the start of the internship
- Based out of Washington DC, remote/hybrid options available
GEICO is proud to be an equal opportunity employer. We are committed to cultivating an environment where equal employment opportunities are available to all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO celebrates diversity and believes it is critical to our success. As such, we are committed to recruit, develop and retain the most talented individuals to join our team.