Actuarial Intern
WellSense Health Plan is a nonprofit health insurance company serving members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans. Founded 25 years ago as Boston Medical Center HealthNet Plan, we provide plans and services that work for our members, no matter their circumstances.
It’s an exciting time to join the WellSense Health Plan, a growing regional health insurance company with a 25-year history of providing health insurance that works for our members, no matter their circumstances.
Job Summary:
The Actuarial Intern will work on one or more analytic projects. The intern will work closely with Corporate Analytics leaders and analysts to support projects related to business imperatives. At the end of the internship, the intern will present on one or more projects to the Corporate Analytics leadership team.
Our Investment in You:
- Full-time remote work
- Competitive salaries
Projects:
- Developing risk adjustment completion factors by analyzing differences in risk adjustment scores for different claims completion durations.
- Develop and enhance member level profitability models for various business lines.
- Develop a member cohort analysis by member duration in order to understand impact of new and existing populations on profitability.
- Maintain and/or establish new financial forecasting models to address evolving business needs.
- Responsibility for supporting corporate initiatives/projects that require analysis of health plan data.
What will you bring?
- Pursuance of college degree majoring in Actuarial Science, Finance, Health Care Administration, or related field required.
- Entering junior or senior year of undergraduate work, or entering graduate school.
- 1 or more actuarial exams passed.
- Prior internship or experience in a managed healthcare or other insurance environment.
- Working knowledge of MS tools, including MS Office products, MS Access. Should be proficient in Microsoft Excel.
- Ability to meet deadlines, multi-task, problem-solve, and use appropriate technology to analyze business problems.
- Strong communications skills, both verbal and written, are required.
- Ability to work collaboratively with team members.
- Knowledge of SAS or SQL strongly preferred.
Compensation Range
$25.00 - $30.00
This range offers an estimate based on the minimum job qualifications. However, our approach to determining base pay is comprehensive, and a broad range of factors is considered when making an offer. This includes education, experience, skills, and certifications/licensure as they directly relate to position requirements; as well as business/organizational needs, internal equity, and market-competitiveness. In addition, WellSense offers generous total compensation that includes, but is not limited to, benefits (medical, dental, vision, pharmacy), merit increases, Flexible Spending Accounts, 403(b) savings matches, paid time off, career advancement opportunities, and resources to support employee and family wellbeing.
Note: This range is based on Boston-area data, and is subject to modification based on geographic location.
About WellSense
WellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans. Founded in 1997, WellSense provides high-quality health plans and services that work for our members, no matter their circumstances. WellSense is committed to the diversity and inclusion of staff and their members.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. WellSense participates in the E-Verify program to electronically verify the employment eligibility of newly hired employees
Important info on employment offer scams:
According to the FTC, there has been a rise in employment offer scams. Our current job openings are listed on our website and applications are received only through our website. We do not solicit individuals via text, we do not ask or require downloads of any applications, or “apps,” and applicant screenings, interviews and job offers are not conducted over text messages or social media platforms. You should never pay money for the promise of priority, interview or employment. We do not ask individuals to purchase equipment for, or prior to employment. To avoid becoming a victim of an employment offer scam, please follow these tips from the FTC.
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