Actuarial Intern

Blue Cross Blue Shield of Massachusetts • Boston, MA

3d

About The Position

Ready to help us transform healthcare? Bring your true colors to blue. This position is eligible for the following persona(s): eWorker, Mobile, & Resident Internship Duration: June 1, 2026 - August 14, 2026 (11-weeks) The Actuarial Internship is designed to provide those interested in pursuing an actuarial career with the opportunity to spend the summer working on challenging projects in a professional environment. Over the eleven-week internship, each intern will be part of a team in the actuarial and analytics spaces, and they will have the opportunity to grow their actuarial knowledge as part of our Actuarial Leadership Development Program - BCBSMA's development program for Early Career Actuaries. What you'll do: Sample Project Work (Recent Past Years): Research and develop drug utilization trend reports at the therapeutic class level for the Medicare population. Analyze the profitability and competitiveness of market segments by geographic region in order to build out new area factor recommendations for rate setting. Develop models to calculate rebate liability exposure for current and future years for the Merged Market and Medicare Advantage lines of business. Determine the magnitude and drivers of behavioral health claims in light of COVID-19 and increased telehealth usage. Explore patterns in members with large claims and develop a model to predict the financial impact of members entering the federal High Cost Risk Pool. Evaluate the benefit buydown calculation used in medical expense reporting, trend projections and benefit change pricing factors used by multiple business areas. Create a model to identify members with major chronic conditions to support plan and account analytics. Update and provide enhancements for the best-in-class efficiency score reporting process.

Requirements

• Student currently pursuing coursework in Mathematics, Statistics, Actuarial Science, Economics, Business, Finance or other related path required
• Demonstrated interest and aptitude in pursuing a math, analytics or actuarial career path
• Ability to work independently and as a member of a team, required
• Ability to present information in an easy to understand format both written and verbal.
• Proficiency with Microsoft Word, Excel, and PowerPoint required
• Ability to work in the US without sponsorship now, and in the future, required.

Nice To Haves

• Past work or leadership experience preferred (includes on-campus, volunteer, internships and other work)
• Experience with data visualization and/or coding language(s) (SAS, SQL, R, Python, Tableau, etc) a plus

Responsibilities

• Research and develop drug utilization trend reports at the therapeutic class level for the Medicare population.
• Analyze the profitability and competitiveness of market segments by geographic region in order to build out new area factor recommendations for rate setting.
• Develop models to calculate rebate liability exposure for current and future years for the Merged Market and Medicare Advantage lines of business.
• Determine the magnitude and drivers of behavioral health claims in light of COVID-19 and increased telehealth usage.
• Explore patterns in members with large claims and develop a model to predict the financial impact of members entering the federal High Cost Risk Pool.
• Evaluate the benefit buydown calculation used in medical expense reporting, trend projections and benefit change pricing factors used by multiple business areas.
• Create a model to identify members with major chronic conditions to support plan and account analytics.
• Update and provide enhancements for the best-in-class efficiency score reporting process.

Benefits

• paid time off
• medical/dental/vision insurance
• 401(k)
• a suite of well-being benefits to eligible employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees