Financial Summer Interns

Blue Shield of California; California; Hybrid; USD 34,000 - 41,000; Full time

Benefits offered by this job

Paid internship

Hybrid workplace

Competitive pay

Job summary

Blue Shield of California offers a Finance Intern role within the Actuarial, Underwriting, and Financial Analytics team. The intern will gain insight into health care finance, analytics, and cost management while building models and exhibits to improve efficiency.

The role supports leadership development and collaboration across teams, with a focus on understanding reimbursement structures and value-based care. This is a hybrid position with in-office days and Summer 2027 internship dates.

Qualifications

• Pursuing a Bachelor's degree in a quantitative field such as Mathematics, Accounting, Finance, Business Administration, Economics, or Actuarial Science.
• Preferred 1-2 years of related professional experience, project, or coursework.
• A robust analytical skill-set with Microsoft Excel proficiency is required.

Responsibilities

• Support analytics to optimize membership, cost of healthcare, and revenue.
• Develop tools and exhibits to improve marketability in a competitive environment.
• Learn or improve upon coding languages as necessary.
• Support analytics to understand network configuration scenarios and provider contract negotiations.
• Develop understanding of healthcare provider reimbursement structure.
• Participate in the move toward value-based care.
• Understand how finance connects to Blue Shield of California's mission to be affordable.

Skills

Excel proficiency

Analytical skills

Financial acumen

Teamwork

Deadline management

Education

Bachelor's degree in a quantitative field

Job description

Your Role

The Actuarial, Underwriting, and Financial Analytics team oversees our finance operations, underwriting, analytics, actuary, corporate development, cost of healthcare, global business services, internal audit services, controller and finance shared services functions and responsibilities at Blue Shield of California.

Job Description

The Finance Intern will report to a Team Manager in Actuarial, Underwriting and Financial Analytics. In this role, you will gain a deep understanding of the health care industry basic practices, develop technical skills, and contribute lasting models and exhibits that increase our efficiency and effectiveness.

Our leadership model is about developing great leaders at all levels and creating opportunities for our people to grow – personally, professionally, and financially.

Responsibilities

• Support the analytics needed to optimize our membership, cost of healthcare, and revenue
• Develop tools and exhibits to improve our marketability in our highly competitive environment
• Learn or improve upon all coding languages as necessary
• Support the analytics needed to understand network configuration scenarios and/or provider contract negotiation
• Develop a deep understanding of healthcare industry provider reimbursement structure
• Be a part of the industry movement towards value-based care
• Gain understanding of how finance work connects to Blue Shield of California’s mission to create a healthcare system that is worthy of our family and friends and sustainably affordable

Qualifications

• Pursuing a Bachelor's degree in a quantitative field, such as Mathematics, Accounting, Finance, Business Administration, Economics, or Actuarial Science
• Preferred 1-2 years of related professional experience, project, or coursework
• A robust analytical skill-set (Microsoft Excel proficiency experience is required)
• Financial acumen and ability to synthesize data into insights and/or reporting
• Ability to work both independently and as part of a team
• Strong relationship management and interpersonal skills
• Ability to balance multiple priorities and meet deadlines

Hybrid

This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week. Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.

Pay

$25.00 per hour for Undergraduate

$30.00 per hour for Graduate

About Our Internships

Our paid internship program is thoughtfully curated to provide students with experience and exposure to the health professional industry. Interns will be given the opportunity to get hands-on experience with real work projects, build meaningful relationships and connections within the organization, and experience our mission and enterprise goals through our program curriculum centered on our leadership model (Personal, People, Thought, and Results Leadership). To see more about our internship program, check out this video.

Our Summer 2027 Internship is June 14th or June 21st through August 20th, 2027.

Application Process and Timeline

• Now: Actively accepting applications
• October/November: If you meet the requirements, you will receive an invitation to meet with our Talent Acquisition Team
• November: 2nd round interviews & offers extended

As an intern at Blue Shield of California, you will:

• Participate in impactful projects during a 10-week internship program
• Undertake a 10-week curriculum designed to familiarize interns with BSC, leadership development, exposure to the healthcare industry, and more
• Be invited to participate in BSC employee events and networking opportunities such as Employee Resource Groups, employee volunteer activities, and more

About Us

About Blue Shield of California

As of January 2025, Blue Shield of California became a subsidiary of Ascendiun. Ascendiun is a nonprofit corporate entity that is the parent to a family of organizations including Blue Shield of California and its subsidiary, Blue Shield of California Promise Health Plan; Altais, a clinical services company; and Stellarus, a company designed to scale healthcare solutions. Together, these organizations are referred to as the Ascendiun Family of Companies.

At Blue Shield of California, our mission is to create a healthcare system worthy of our family and friends and sustainably affordable. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.

To achieve our mission, we foster an environment where all employees can thrive and contribute fully to address the needs of the various communities we serve. We are committed to creating and maintaining a supportive workplace that upholds our values and advances our goals.

Blue Shield is a U.S. News Best Company to work for, a Deloitte U.S. Best Managed Company and a Top 100 Inspiring Workplace. We were recognized by Fair360 as a Top Regional Company, and one of the 50 most community-minded companies in the United States by Points of Light. Here at Blue Shield, we strive to make a positive change across our industry and communities – join us!

Our Values

• Honest. We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.
• Human. We strive to listen and communicate effectively, showing empathy by understanding others' perspectives.
• Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.

Our Workplace Model

• For most teams, this means coming into the office two days per week.
• Employees living more than 50 miles from an office location, out of state employees, and employees in certain member-facing roles should work with their manager to determine in-office time based on business need.
• For employees with medical conditions that may impact their ability to work in-office, we are committed to engaging in an interactive process and providing reasonable accommodations to ensure their work environment is conducive to their success and well-being.

The Company reserves the right to require more presence in the office based on business needs, and requirements are subject to change with periodic reviews.

Physical Requirements

Office Environment - roles involving part to full time schedule in Office Environment. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.

Equal Employment Opportunity

External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.

JOB INFO

Job Schedule : Full time

Locations:

• Long Beach, CA, United States
• El Dorado Hills, CA, United States
• Lodi, CA, United States
• Oakland, CA, United States
• Rancho Cordova, CA, United States
• Redding, CA, United States
• San Diego, CA, United States
• Woodland Hills, CA, United States

Note : Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate experience, location (California, Bay Area, or outside California), and current employee salaries for similar roles.

Role can be filled by a candidate requiring sponsorship : No