Actuarial Internship
Des Moines, IA - USA
Job Summary
WhatsActuary in our Finance DivisionThe Actuarial Department ensures that Wellmarks products are adequately priced to meet financial goals and reserves are established to cover Wellmarks 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 supportAlthough 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 Heres whats 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 2027 working a hybrid schedule from our headquarters in Des Moines.
Qualifications :
- Current student pursing a Bachelors degree in Actuarial ScienceMathematics Finance Accounting Statistics or related program
- Demonstrated computer skills in Microsoft Excel and Access.
- Ability to analyze and organize data in a consistent and logical fashion.
- Provenproblem solving innovation and technical adaptation skills.
- Ability to work independently and clearly communicate results of data analytics and modeling.
- Good written and verbalcommunication skills.
- Demonstrated ability to take initiative.
Additional Information :
All your information will be kept confidential according to EEO guidelines.
An Equal Opportunity Employer
The policy of Wellmark Blue Cross Blue Shield is to recruit hire train and promote individuals in all job classifications without regard to race color religion sex national origin age veteran status disability sexual orientation gender identity or any other characteristic protected by law.
Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact us at
Please inform us if you meet the definition of a Covered DoD official.
At this time Wellmark is not considering applicants for this position that require any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes but IS NOT LIMITED TO: F1-OPT F1-CPT H-1B TN L-1 J-1 etc. For additional information around work authorization needs please refer to the following resources:Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Wellmark supports and expects the responsible use of AI for our workforce! We welcome the responsible use of these tools by job seekers as well and are interested in learning from you; you will have an opportunity in the application process to share which tools you used and how you applied them.
Remote Work :
No
Employment Type :
Intern
About Company
Why Wellmark: We are a mutual insurance company owned by our policy holders across Iowa and South Dakota, and we’ve built our reputation on over 80 years’ worth of trust. We are not motivated by profits. We are motivated by the well-being of our friends, family, and neighbors–our memb ... View more