Internship Actuarial

Blue Cross Blue Shield of Michigan; Lansing (MI); Hybrid; USD 23,000 - 45,000; Full time

Job summary

Blue Cross Blue Shield of Michigan is offering an actuarial internship designed to provide practical experience that prepares you for a future full‑time role. You will learn to apply actuarial concepts, analyze data, and present findings for pricing, reserving and product development, while gaining exposure to capital modeling and other financial analyses.

You will gather and analyze data, update reports, and participate in meetings, with emphasis on professional growth, confidentiality, and the

Qualifications

• Sophomore, junior or senior by spring term or enrolled in a graduate program.
• Rising freshman enrolled in or has completed a vocational insurance‑related program with some college credits.
• GPA 3.0 or better as of the most recent grading period.
• Be able to work full‑time during normal business hours for this summer.
• Available to begin employment between mid‑May and mid‑June.

Responsibilities

• Gathers, analyzes data and presents analysis for pricing, loss reserving and other financial analysis.
• Updates and presents reports for pricing, loss reserving, product development or other areas.
• Performs duties related to the major functional areas of the Actuarial team.
• Prepares and delivers presentations on assigned topic(s).
• Attends unit, departmental, and corporate meetings as assigned.
• Shows learning and growth and understanding of responsibilities.
• Responds to internal and external customer inquiries.

Skills

Communication

Internet Research

Proofreading

Mathematics

Confidentiality

Time Management

Multitasking

Education

Undergraduate student

GPA 3.0+

Tools

MS Office

Excel

Job description

SUMMARY:

This internship is designed to provide practical, hands‑on experience that should prepare you for a full‑time actuarial opportunity while doing meaningful work for our company. You will learn how to apply actuarial concepts, gather and analyze data, and present analysis in a format appropriate for pricing, loss reserving, product development, capital modeling, reinsurance and/or other financial analysis, as well as engage in a broader array of duties and developmental opportunities.

JOB DESCRIPTION:

• Gathers, analyzes data and presents analysis in a format appropriate for pricing, loss reserving, product development, capital modeling, reinsurance and/or other financial analysis.


• Updates and presents reports for pricing, loss reserving, product development or other areas of the company.


• Performs duties related to the major functional areas of our business for our Actuarial team.


• Prepares and delivers presentation(s) on assigned topic(s).


• Attends unit, departmental, and corporate meetings as assigned.


• Shows learning and both personal and professional growth and understanding of responsibilities.


• Gains an understanding of how company and business works.


• Shows punctuality, professionalism, and a positive attitude when completing assignments.


• Manages multiple deadlines.


• Completes miscellaneous assignments as assigned.


• Uses company software applications to complete assignments.


• Maintains confidentiality.


• Responds to internal and external customer inquiries.


• This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required.

EMPLOYMENT QUALIFICATIONS:

• Have status as a sophomore, junior or senior as of the end of the spring term (or be enrolled in an applicable graduate program.)


• Have status as a rising freshman, at least 18 years-old, who is enrolled in or has completed a vocational insurance‑related program, with some college credits.


• Hold a cumulative grade point average of 3.0 or better as of the most recent grading period.


• Be able to work full‑time during normal business hours for this summer.


• Be available to begin employment between mid‑May and mid‑June.

EDUCATION OR EQUIVALENT EXPERIENCE:

Currently enrolled and active in any educational degree program that aligns with our various businesses.

EXPERIENCE:

With proper education credentials no experience necessary. Previous work experience preferred.

SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:

• Excellent oral and written communication skills.


• Excellent working knowledge of computers and company standard software; Internet research experience strongly preferred.


• Ability to proofread documents for spelling, grammar and punctuation.


• Ability to perform necessary mathematical computations.


• Ability to comprehend consequences of various situations and make appropriate individuals aware of same for decision making.


• Ability to exchange information clearly and concisely and to present ideas, report facts and other information.


• Ability to establish workflows, manage multiple projects and meet necessary deadlines while maintaining composure during stressful situations occurring as a result of workloads and/or deadlines.


• Ability to maintain confidentiality.

WORKING CONDITIONS:

Work is performed in an office setting with no unusual hazards.

The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge and ability levels associated with performing the duties and responsibilities contained in this job description.

Actual compensation decision relies on the consideration of internal equity, candidate’s skills and professional experience, geographic location, market and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $17 and $33.

We are an Equal Opportunity Employer. We will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.