Profitability Business Analyst

Job Description

Would you like to join our innovative team? If so, read on!

GEICO’s Actuarial Pricing and Reserving department (APR) is looking for professional, experienced, and highly motivated analysts to join our team. In this role, you will develop skills in project & product management, data analytics, and potentially modeling. This is a highly visible position, where you will have the opportunity to interact with upper levels of the company’s management and can be a great launching point for a long-term career with GEICO.

Analytics are fundamental to the business at GEICO. Complex analysis underlies every major decision and is an essential component of our unique strategic vision. Analytics have and continue to be GEICO’s hallmark in the competitive auto insurance industry. From day one, your work will have an impact, forming the basis for truly transformative solutions. If you have a passion for problem-solving and you’re interested in making a real contribution to moving the company forward, then this job may be the right fit for you!

What does the Actuarial Pricing and Reserving department do?

Pricing’s mission is to strategically price every risk to accelerate profitable growth.

Reserving's mission is to give an accurate picture of the company’s financial condition and P&Ls by consistently establishing loss and loss adjustment expense reserves which are sufficient to cover our claims liabilities.

APR's vision for its associates is to be problem solvers who utilize data and business knowledge to inform the company and implement solutions that will contribute to the company's short-term and long-term success.

Job Duties and Responsibilities

• Analyze large datasets to solve challenging problems

• Conduct business-specific research, such as understanding new insurance offerings on the market or tracking industry developments related to evolving vehicle manufacturing

• Gather data, and compile reports and summaries

• Monitor changes in profile distributions

• Engage stakeholders to ensure customer feedback factors into our process, with opportunity to present findings to senior management

• Other day-to-day duties include ensuring data integrity and participating in data quality control and validation

Ready to make an impact? If so, do you meet these qualifications?

Candidate Qualifications

• Bachelor’s degree in a quantitative or business field of study with at least a 3.2 overall GPA

• Ability to work independently and handle multiple projects at one time

• Demonstrated analytical and creative problem-solving experience

• Strong written and verbal communication ability

• Highly proficient in MS Office Applications

• Experience with SAS, SQL, or R is a plus

*Must be willing and able to commute or relocate. This position is based out of our Corporate office in Chevy Chase, MD.

Salary Information:

Starting salary is in the mid-to-high $60K range

About GEICO 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. GEICO conducts drug screens and background checks on applicants who accept employment offers. How to Apply Click "Apply for Job" to complete your application. You will need an active email address and phone number. Please upload your resume, preferably as Word .doc files or PDF. Once you begin your application you can save it and access it later. Your application should include any work and/or internship experience from at least the past five years. #LI-VV1