Sept. 16 Actuarial Science Event: Actuarial Internship
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 next summer during our 2022 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 is the Actuarial function in our Finance Division? 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
Ready to bring your strengths to Wellmark? Here’s what’s next! Review the qualifications below. If the position is a match with your passion and interests, submit your application today!
This internship will start in May of 2022.
- Current student pursing a Bachelor's degree in Actuarial Science, Mathematics, Finance, Accounting, Statistics or related program
- Proven ability to work in a deadline driven, fast-paced environment.
- Strong communication skills, both verbal and written, with the ability to collaborate and build relationships of trust.
- Ability to observe, monitor and analyze data.
- Strong analytical skills with the ability to problem solve to identify solutions.
- Ability to use mathematical techniques to solve practical problems.
- Attention to detail with the ability to multi-task.