GEICO is seeking highly-motivated individuals committed to an actuarial career to join us as an Actuarial Assistant. This career track 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. Many actuaries rotate between the pricing and reserving areas to develop a well-rounded company and career perspective.
Actuaries make proposals to assist the company with properly managing 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 to 115 paid study hours per exam along with opportunities to take review courses, financial support for CAS exams, 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!
• A bachelor’s degree in mathematics, economics, actuarial science, statistics, or a related field
• A cumulative and in-major GPA of at least 3.0 and 3.2, respectively
• Proven quantitative, analytical, and problem-solving abilities
• Highly effective communication skills
• Strong computer skills, including Excel and some programming knowledge
• Demonstrated leadership potential
• At least one actuarial exam, and a commitment to take and pass the remaining exams
• A desire to live in the Washington, DC area
Internal Number: R0017747
As a GEICO associate, you’ll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and well-being, including:
Premier Medical, Dental and Vision Insurance with no waiting period**
Paid Vacation, Sick and Parental Leave
401(k) Plan with Profit Sharing
Paid Training and Licensures
*Benefits may be different by location. Benefit eligibility requirements vary and may include length of service.
**Coverage begins with the pay period after hire date. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.
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 ind...ividuals 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.