Actuarial AssistantBookmark This
Chevy Chase, MD
DescriptionJob Duties Responsibilities GEICO seeks a highly-motivated individual committed to an actuarial career to join us as an Actuarial Assistant. This position will start you on a career track that is well suited for mathematics, economics and actuarial science majors, or those majoring in a related field emphasizing strong quantitative and analytical skills.
We offer opportunities in two key areas - pricing and reserving. As a pricing actuary, you will assist in setting rates for our various insurance products. In reserving, you'll help determine the amount of money GEICO needs to hold in reserve in order to make future payments on existing claims.
In either role, you will work not only with auto data but also motorcycle, RV, ATV and related products. Many actuaries rotate between the pricing and reserving areas to develop a well-rounded company and career perspective.
Actuaries analyze data to make decisions that allow the company to properly manage its risk. On a typical day, this may include extracting and analyzing premium and loss data, using computer and statistical programs, evaluating results for reasonability and communicating observations to various teams to help achieve bottom-line goals.
GEICO's actuaries do more than crunch numbers -- they tackle a variety of problems such as creating business strategies, developing and enhancing products, presenting proposals to management and forecasting and assessing industry trends. Actuaries are key members of GEICO's management team, as a wide range of important decisions are based on their projections and professional opinions.
An important part of an actuary's professional development involves advancing through a series of exams offered by the Casualty Actuarial Society. At GEICO, we provide you with up to115 paid study hours per exam along with opportunities to take review courses, financial support for CAS exams and VEE courses, onsite quiet rooms for studying and an exam coordinator to assist with exam processes. As you pass your exams, you may be eligible for raises and first-time passing bonuses! Candidate Qualifications * Bachelor's degree in mathematics, economics, actuarial science, statistics or related field
* 3.0 overall GPA
* SAT (or other standardized test) score of at least 600 in math and 500 in other sections;
* Very good quantitative, analytical and problem-solving skills;
* Effective written and verbal communication skills;
* Strong Word and Excel skills;
* Some computer programming knowledge useful (such as Access, SAS, SQL or other
* Permanent U.S. work authorization
* Commitment to take and pass actuarial exams, with preference given to candidates who
have passed at least one exam
***Please be sure to attach both your COVER LETTER and your RESUME to the application. You can do this in "My Career Tools" on your application home page.*** Salary Information Entry level salary starting int the low $50K range. Career Opportunities From this position, you could be promoted to higher level analyst positions, or rotate to another department or location. How To Apply Please click Apply Now to complete your application; you will need an active email address and phone number. Additionally, we request that you enter any work experience that you've had within at least the past five years. Once you begin your application you can save it if you need to access it later.
ind123 About GEICO Driving your career. Insuring your future.
For more than 75 years, GEICO has stood out from the rest of the insurance industry! We are one of the nation's largest and fastest-growing auto insurers thanks to our low rates, outstanding service and clever marketing. We're an industry leader employing thousands of dedicated and hard-working associates. As a wholly owned subsidiary of Berkshire Hathaway, we offer associates training and career advancement in a financially stable and rewarding workplace.
Our associates' quality of life is important to us. Full-time GEICO associates are offered a comprehensive Total Rewards Program*, including:
* 401(k) and profit-sharing plans
* Medical, dental, vision and life insurance
* Paid vacation, holidays and leave programs
* Tuition reimbursement
* Associate assistance program
* Flexible spending accounts
* Business casual dress
* Fitness and dining facilities (at most locations)
* Associate clubs and sports teams
* Volunteer opportunities
* GEICO Federal Credit Union
* Benefit offerings for positions other than full-time may vary.
GEICO is an equal opportunity employer. Background and credit checks, hair or urine drug testing, and health assessments are required as part of our pre-employment process.