Early Careers - Underwriting Intern

HCSC; Chicago (IL); Hybrid; USD 26,000 - 47,000; Full time

Job summary

Health Care Service Corporation is offering a 10-week paid internship in Chicago, IL or Richardson, TX. The Intern will learn underwriting principles, assist in financial analysis, and collaborate with sales and account teams on pricing negotiations.

Interns participate in the formal program, contribute to project work, and present results to department leadership, while maintaining confidentiality and compliance with HIPAA and corporate policies.

Qualifications

• Pursuing bachelor’s degree in a business-related field.
• Graduation date between 2027 and 2028.
• GPA 3.0/4.0 or higher.

Responsibilities

• Learn underwriting principles and procedures for renewals and new business.
• Assist in financial analysis around benefit designs for customers.
• Support pricing negotiations with sales & account management teams.
• Assist with completion of financial settlements.
• Participate in the internship program and projects with cross-functional teams.
• Develop and deliver a final internship presentation to leadership.

Skills

Interpersonal skills

Analytical skills

Time management

Multi-tasking

Education

Pursuing bachelor’s degree in business-related field

Tools

Excel

Word

Job description

Flex

IL - Chicago

TX - Richardson

Full time

R0059479

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

This 10-week paid internship can be in Chicago, IL or Richardson, TX

What Are Your Responsibilities?

The Underwriting Intern position is responsible for learning various underwriting principles and procedures including how to evaluate risk for renewals and new business for employer sponsored healthcare. This role will also be responsible for assisting in financial analysis around benefit designs for customers, reporting and collaborating with sales & account management teams on pricing negotiations, and assisting with completion of financial settlements.

Interns are responsible for actively participating in HCSC’s formal internship program that leverages your skills, knowledge, and capabilities while providing meaningful experience supporting business objectives and member-focused solutions. Working closely with cross-functional teams in both business and technical areas, the Intern will contribute to project work, analyze information, and support the development of solutions that address organizational needs. The Intern is responsible for learning and applying specific aspects of the organization's processes, programs, and technologies while demonstrating increasing independence and ownership of assigned deliverables.

This role will also need to:

• Own components of project work and deliverables with guidance from an assigned mentor and manager.
• Conduct research, analyze data and information, and develop recommendations that inform real business decisions.
• Collaborate with cross-functional teams.
• Support departmental initiatives that improve business outcomes and the member and client experience.
• Develop and deliver a final internship presentation to department leadership covering the project, results, and recommendations.
• Maintain complete confidentiality of company business and comply with HIPAA, Diversity Principles, Corporate Integrity, and applicable compliance policies.

What Do You Need to Be Successful?

• Demonstrated interpersonal skills including verbal and written communication
• Strong analytical skills
• Practical, developed PC skills, especially Excel and Word
• Basic math competencies
• Work management skills including ability to multi-task, prioritize, and manage time

What Are the Requirements You Must Meet?

• Pursuing a bachelor’s degree; rising senior with a major in a business-related field. Other majors may be considered.
• Graduation date between December 2027 and June 2028
• Minimum cumulative GPA of 3.0/4.0.
• Available for the full duration of the 10-week program.
• Unrestricted authorization to work in the United States; sponsorship is not available for this role.

What Does the Internship Program Entail?

• Formal Intern Orientation to build business and industry acumen
• Challenging real-world hands-on project
• Weekly networking opportunities among interns and company leaders
• Professional development workshops
• Volunteer activities

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Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards .

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

Flex employees are expected to be in the office a minimum of three days a week. Management will have discretion to modify an employee's weekly schedule for exigent circumstances.

HCSC Employment Statement:

We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics. We are a drug-free and smoke-free workplace. Employment may be contingent upon successful completion of drug screening in accordance with applicable law.

Base Pay Range

$19.13 - $34.17

Exact compensation may vary based on skills, experience, and location.

For more than 80 years, HCSC has been dedicated to expanding access to high-quality, cost-effective health care and equipping our members with information and tools to make the best health care decisions for themselves and their families. As an industry leader, HCSC also has been helping to make the health care system work better for all Americans. To remain a leader, we offer compelling careers that encourage resourcefulness, strategic thought and empower you to make a difference in the lives of our members and their communities.

Today, with the industry at an important crossroad, HCSC is reimagining health care and looking for original thinkers who aren’t afraid to make innovative contributions. We are an Equal Opportunity Employment employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Learn more about HCSC, our commitment to our members and the opportunity you’ll have to improve health care delivery in an open, collaborative environment.

HCSC is committed to diversity in the workplace and to providing equal opportunity to employees and applicants.

Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Montana, Blue Cross and Blue Shield of New Mexico, Blue Cross and Blue Shield of Oklahoma, and Blue Cross and Blue Shield of Texas,

Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, and Independent Licensee of the Blue Cross and Blue Shield Association

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