Actuarial Internship

US-IA-Des Moines
Job ID
212712
Category
Internships
Requires Non-Compete?
No

Job Summary

Why choose an internship with Wellmark? We strive to offer meaningful work that assists in your professional development and provides value to the team. You’ll gain valuable experience within the health insurance industry and put the skills and knowledge you’ve acquired in school to practice this summer during our 2018 Summer Internship Program. You’ll have the opportunity to learn from subject matter experts and leaders within the industry, network with fellow internship program participants, and gain practical, hands-on work experience.

 

If you’re eager to learn, collaborate with others, demonstrate your potential, develop customer-focused solutions, and grow into an exciting career, we hope you’ll consider an internship with us!

 

What’s Actuarial? The Actuarial Department ensures that Wellmark’s products are adequately priced to meet financial goals and reserves are established to cover Wellmark’s unpaid claim liabilities.  Actuarial team members create models and perform analyses to support pricing, reserving and forecasting functions.  The evolving health insurance environment provides team members opportunities to develop and utilize their actuarial skill set and technical knowledge.

 

What projects might I support? Although subject to change, examples of projects are included below:

  • Conduct experience studies and review of established procedures (i.e. claim trends, rating factors) 
  • Perform research of premium and product data for competitive analysis
  • Assist with annual individual and small group market performance analysis
  • Produce ad hoc modeling for impacts of health care reform
  • Update large group market rating factors
  • Use Federal Actuarial Value (AV) calculator to determine actuarial values for various benefit designs
  • Support individual and small group annual and quarterly rate filings, including data collection, setting factors and populating rating templates
  • Assist with enrollment, claims and income projections for solvency testing and budget purposes
  • Collect, manipulate and analyze data, utilizing Microsoft Excel, Access, VBA and SAS for various ad hoc requests

Core Competencies:

  • Accountability: Owning and taking responsibility for one’s actions.
  • Business Acumen: Understanding industry, market, financial and company specific operations.
  • Collaboration and Communication: Working together; listen to other’s ideas; communicate accurately and concisely.
  • Decision Making: Consider all facts and impacts when making decisions.
  • Focus on the Customer: Consistently doing what is in the best interest of our customer. Leaving a positive impression on the customer by elevating their experience; making it simpler and educating to helping them understand.

I’m interested! What’s next? Review the qualifications below. If the position is a match with your background and interests, please submit an application for review.

 

This internship will start in May of 2018.

Minimum Qualifications Required (all must be met to be considered)

To be considered, candidates must be a current student in Actuarial Science, Mathematics, Finance, Accounting, Statistics or related major.

  • Demonstrated computer skills in Microsoft Excel and Access.
  • Good written and verbal communication skills.
  • Demonstrated ability to take initiative.
  • Ability to analyze and organize data in a consistent and logical fashion.
  • Proven problem solving, innovation, and technical adaptation skills.
  • Ability to work independently and clearly communicate results of data analytics and modeling. 

Hiring Specifications Preferred

  • Current sophomore, junior or senior student in an Actuarial Science program
  • One Actuarial exam passed

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