Early Careers - Underwriting Intern

Health Care Service Corp.; Chicago (IL); On-site; USD 26,000 - 47,000; Full time

Benefits offered by this job

Health and wellness benefits

401(k) savings plan

Pension plan

Paid time off

Tuition reimbursement

Job summary

Health Care Service Corporation offers a 10-week paid Undergraduate Internship in Chicago, IL or Richardson, TX. Interns will learn underwriting principles, support financial analysis, and collaborate with sales and account management teams on pricing and settlements.

You will participate in a formal internship program, gain real-world experience, and present a final project to leadership. The program emphasizes confidentiality and HIPAA compliance.

Qualifications

• Pursuing a bachelor's degree; rising senior (class of 2027/2028).
• Minimum GPA 3.0/4.0.
• Available for the full 10-week program.

Responsibilities

• Learn underwriting principles and evaluate risk for renewals and new business for employer sponsored healthcare.
• Assist in financial analysis around benefit designs, reporting, pricing negotiations, and financial settlements.
• Actively participate in HCSC's internship program and collaborate with cross-functional teams.
• Learn processes, programs, and technologies while delivering increasing independence.
• Own components of project work and deliverables with mentor guidance.

Skills

Pursuing bachelor’s degree

GPA 3.0/4.0

Full duration 10 weeks

Education

Bachelor's degree in business-related field

Job description

About the Company

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.

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.

Requirements

• 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.

Internship Program Details

• 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

Benefits and Compensation

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.

• 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

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.

Base Pay Range $19.13 - $34.17. Exact compensation may vary based on skills, experience, and location.

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.

We offer a robust total rewards package for employees.

Equal Opportunity 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.

If you are an individual with a disability or a disabled veteran and need an accommodation or assistance in either using the Careers website or completing the application process, you can call us at 1-866-977-7378 to request reasonable accommodations. Please note that only requests for accommodations in the application process will be returned.