Geico Jobs in Reston, VA (NOW HIRING)

Why Join GEICO?

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.

About the Role:

GEICO is looking for a Senior Actuarial Analyst to join the Reserving Team. The Reserving team is responsible for analyzing claims data and recommending reserves. Reserving books reserves monthly, performs in-depth reserve reviews across multiple lines of business, and collaborates with other areas of the business to share analysis/insights on trends to inform decision-making. Successful candidates will demonstrate strong communication skills, actuarial knowledge, technical capabilities, and intellectual curiosity. Candidates should be able to understand complex business problems and generate solutions.

Responsibilities:

• This is an individual contributor position. This role may be filled at a level above or below the posted title based on the selected candidate's depth of experience, technical expertise, leadership capabilities, and overall qualifications. Compensation will be determined accordingly.

• Utilize ResQ and other tools to analyze claims data and develop actuarial projections.

• Make reasonable recommendations for reserves, utilizing data visualization to support recommendations.

• Support monthly, quarterly, and annual financial reporting.

• Identify opportunities to automate processes, enhance efficiency, and implement data-driven solutions.

• Identify emerging trends and understand their impact on claims data.

• Collaborate across departments (Pricing, Product, FP&A, Claims) to share insights and inform decision-making.

• Present and communicate analyses to appropriate decision-makers and stakeholders.

Qualifications:

• 3+ years of relevant experience in Property & Casualty, including Pricing and/or Reserving experience preferred

• Experience with ResQ or other Reserving software is considered a plus

• Strong knowledge, utilization of, and ability to learn software tools such as SQL, Excel, R, Python, VBA, PowerBI, etc.

• Strong data visualization skills and ability to translate data into a story

• Excellent communication, problem solving, and creative thinking abilities

• Excellent organization, project, and time management skills

• Able to meet deadlines in a fast-paced environment and adjust priorities as needed

• Able to work independently and in a team environment

• Ability to respond to complex business issues and identify solutions

• Strong attention to detail and a proven ability to produce high quality, error-free work

• Actuarial exams not required, but exam support is provided for qualified candidates interested in pursuing that track

Hybrid three days a week

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Annual Salary

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.

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.