Actuarial Internship

Company Description 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 will 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 2027 Summer Internship Program. You will 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!

Job Description

What’s Actuary 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 i