Full-Time

Analyst Development Program

Posted on 11/26/2024

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance provider

Financial Services

Compensation Overview

$54k - $89kAnnually

Entry

No H1B Sponsorship

Chicago, IL, USA + 2 more

More locations: Union City, NJ, USA | Bethesda, MD, USA

Must work at least two to three days per week from the office.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Word/Pages/Docs
Business Analytics
Business Strategy
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in Accounting (required for Controllers Track), Finance, Business Analytics, Business Information Systems, or other relevant analytical or FinTech major, obtained by May 2025
  • Cumulative GPA of 3.0 or higher (please upload ALL transcripts as part of the application process)
  • Demonstrated interest in Finance field through relevant internship experience, engaging in relevant student or business organizations, pursuing relevant certifications or advanced coursework, or other form of engagement within the field
  • Previous internship experience in financial systems, project management, system testing, budgeting/forecasting, FP&A, accounting, or related field preferred
  • Proficiency in Microsoft Excel, Word, Power Point, PowerBI or similar tooling
  • Technical aptitude and experience with or a desire to learn financial systems, such as Workday Financials
  • Knowledge in GAAP reporting (preferred for Controllers track)
  • Ability to work independently given general direction and to thrive in a team environment that is constantly changing
  • Strong analytical, problem-solving, and decision-making skills
  • Ability to handle multiple concurrent priorities, providing accurate and timely results
  • Effective time management, attention to detail, communication, and organizational skills
  • Must live within commutable distance from our New York City or Chicago office (Finance & Operations Track) or our New York City or Chevy Chase, MD office (Controllers Track) and work a hybrid schedule, including working at least two to three days per week from the office
Responsibilities
  • Broad exposure across GEICO’s CFO Organization, gaining a foundational analyst business acumen and skillset, which may include analysis of results, strategies, business plans, budgets, reporting, processes, actuarial reserves and expenses; budgeting/forecasting; predictive modeling; system design, configuration and testing; business strategy and execution; and project management; allowing you to be successful within multiple future analyst career paths
  • Three separate analyst rotational roles over the two-year program, through both finance-specific and operational roles, to give participants exposure to multiple disciplines within the CFO Organization, including Companywide Financial Planning & Analysis, Business-specific Financial Planning & Analysis (incl. Marketing, Real Estate, Technology, People Group, Product, Legal, Auto, Specialty Lines), Compliance/Risk/Controls/Audit, Treasury, Financial Systems, Supplier Management Operations, Actuarial Reserving, Pricing, Strategy & Financial Analysis, and Real Estate & Facilities Management Operations
  • Broad exposure across GEICO’s Controllers group, gaining a foundational accounting skillset, which may include exposure to GAAP and Statutory accounting principles and standards; disclosure requirements from regulatory bodies including SEC and NAIC; federal and state tax laws; financial statement analysis and management reporting; general ledger system design; and project management; allowing you to be successful in multiple future accounting career paths
  • Three separate analyst rotational roles over the two-year program, to give participants exposure across the Controllers group, including Financial Reporting, Reconciliations, and Tax
  • Deep understanding of GEICO Finance and operations, learning the systems we use and support, as well as data and integration points
  • Direct impact on GEICO’s financial and strategic performance, with opportunities to drive financial processing innovation and transformation
  • Influencing skills as you partner with business stakeholders to analyze results and recommend future investment decisions
  • Peer and senior leader mentorship, guiding your professional development along the way
  • Dedicated professional development and social events, fostering a community within your cohort and the broader Finance organization and accelerating your career through exposure to senior leaders

GEICO provides a range of insurance products, with a primary focus on auto insurance. The company sells policies directly to consumers, which allows them to offer lower rates by eliminating intermediaries like brokers. Customers can obtain quotes, manage their policies, and file claims through GEICO's user-friendly website. In addition to auto insurance, GEICO also covers motorcycles, ATVs, RVs, as well as home and renters insurance. What sets GEICO apart from its competitors is its strong online presence and memorable advertising campaigns that enhance brand recognition and customer loyalty. The company's goal is to simplify the insurance process for its customers while providing competitive rates and comprehensive coverage options.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Tulsa, Oklahoma

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • GEICO's strong financial performance, as evidenced by its recent $1.78 billion profit in Q2, indicates robust business health and growth potential.
  • The company's new fan engagement platform with MLB could enhance brand visibility and customer engagement.
  • Recognition of military service members through awards highlights GEICO's commitment to community and social responsibility, potentially attracting a loyal customer base.

What critics are saying

  • Allegations of discriminatory practices and ongoing legal challenges could damage GEICO's reputation and lead to financial penalties.
  • The competitive landscape in the insurance industry, with strong players like State Farm and Progressive, requires continuous innovation to maintain market share.

What makes Geico unique

  • GEICO's direct-to-consumer model allows it to offer competitive rates by eliminating intermediaries, unlike many traditional insurance companies.
  • The company's extensive online presence and user-friendly website provide a seamless customer experience for managing policies and filing claims, setting it apart from competitors.
  • GEICO's memorable advertising campaigns have significantly boosted brand recognition and customer loyalty, a competitive edge in the crowded insurance market.

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