At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities.
Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive on relentless innovation to exceed our customers' expectations while making a real impact on local communities nationwide.
Founded in 1936, GEICO is a member of the Berkshire Hathaway family of companies and one of the largest auto insurers in the United States. When you join our company, we want you to feel valued, supported, and proud to work here. That's why we offer the GEICO Pledge: Great Company, Great Culture, Great Rewards, and Great Careers.
Your Impact at GEICO
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 for upward mobility? Whether you are a rising senior in college or an experienced professional seeking a career change, consider joining GEICO's 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!
Directly impact GEICO's growth and profitability by working alongside other analysts on various projects and analysis
Have an impact from day one, forming the basis for truly transformative solutions
Work on actuarial projects such as reserving analysis, claim trend analysis, and frequency/severity projections, which directly impact our company and customers
Analysis and Stakeholder Communication:
Develop and present analysis and proposals to various stakeholder groups
Technical Skills and Training:
Gain valuable real-world experience using various technical applications such as Excel, SQL, R, Snowflake, Power BI and ResQ
Participate in insurance, actuarial, and technical trainings
Business Exposure and Internship Experience:
Be introduced to GEICO's business objectives and initiatives through active participation in internship forums and departmental meetings
Participate in social and networking events
Have an opportunity to interview for a full-time position at the completion of the internship
What We're Looking For
Experience & Qualifications:
Currently pursuing a Bachelor's or Master's degree in Math, Statistics, Actuarial Science, Economics, Business, Data/Business Analytics, or other relevant quantitative field of study with expected graduation by May 2028
Cumulative GPA of 3.0 or higher (Please upload ALL transcripts as part of the application process)
Must live within commutable distance from one of our offices in Bethesda, MD or Chicago, IL, and work a hybrid schedule, including working from the office at least three days per week
Core Skills:
Proven analytical, problem-solving, and decision-making abilities
Highly effective communication skills
Intermediate skills in Excel
Basic proficiency with data analysis software such as R, SAS, SQL, Python, Power BI, and/or similar tooling
Self-driven, motivated, and leadership potential
Ability to handle multiple concurrent priorities, providing accurate and timely results
Intellectual curiosity to learn and ability to ask insightful questions
Effective time management, attention to detail, and organizational skills
Annual Salary
$24.93 - $41.21
The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations.
At this time, GEICO will not sponsor a new applicant for employment authorization for this position.
The GEICO Pledge
Great Company: Protecting customers through life's twists and turns with innovation and integrity.
Great Careers: Personalized development programs, mentorship, and certification assistance.
Great Culture: Inclusive and collaborative culture rooted in shared success.
Great Rewards: Competitive pay, benefits, and flexibility to support your well-being and future.
The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for 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 hires and promotes individuals solely on the basis of their qualifications for the job to be filled.
GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.
From GEICO's public posting, laid out for reading by newgrad.ai with the wording unchanged. Check the original before you apply.
