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 income projections for solvency testing and budget purposes 
• Collect, manipulate and analyze data, utilizing Microsoft Excel, Access, VBA and SAS for various ad hoc requests 

Ready to bring your strengths to Wellmark? Here’s what’s next! Review the qualifications below. If the position is a match with your passion and interests, submit your application today!  

This internship will start in May of 2027, working a hybrid schedule from our headquarters in Des Moines. 

Qualifications

• Current student pursing a Bachelor's degree in Actuarial Science, Mathematics, Finance, Accounting, Statistics or related program 
• Demonstrated computer skills in Microsoft Excel and Access. 
• Ability to analyze and organize data in a consistent and logical fashion. 
• ​​​​​​​Proven problem solving, innovation, and technical adaptation skills. 
• ​​​​​​​Ability to work independently and clearly communicate results of data analytics and modeling.  
• ​​​​​​​Good written and verbal communication skills. 
• ​​​​​​​Demonstrated ability to take initiative. 

Additional Information

All your information will be kept confidential according to EEO guidelines.

An Equal Opportunity Employer

The policy of Wellmark Blue Cross Blue Shield is to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact us at careers@wellmark.com

Please inform us if you meet the definition of a "Covered DoD official".

At this time, Wellmark is not considering applicants for this position that require any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please refer to the following resources:Nonimmigrant Workers and Green Card for Employment-Based Immigrants 

Wellmark supports and expects the responsible use of AI for our workforce! We welcome the responsible use of these tools by job seekers as well and are interested in learning from you; you will have an opportunity in the application process to share which tools you used and how you applied them.