This position is eligible for the following persona(s): eWorker, Mobile, & Resident
Internship Duration: 11-weeks (6/2/25 - 8/15/25)
The Blue Cross Blue Shield of Massachusetts (BCBSMA) Actuarial Summer 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.
What you bring:
- 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
- Past work or leadership experience preferred (includes on-campus, volunteer, internships and other work)
- 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
- Experience with data visualization and/or coding language(s) (SAS, SQL, R, Python, Tableau, etc) a plus
- Ability to work in the US without sponsorship now, and in the future, required.
Minimum Education Requirements:
High school degree or equivalent required unless otherwise noted above
Location
BostonTime Type
Full time
The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.
This job is also eligible for variable pay.
We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.
WHY Blue Cross Blue Shield of MA?
We understand that the confidence gap and imposter syndrome can prevent amazing candidates coming our way, so please don't hesitate to apply. We'd love to hear from you. You might be just what we need for this role or possibly another one at Blue Cross Blue Shield of MA. The more voices we have represented and amplified in our business, the more we will all thrive, contribute, and be brilliant. We encourage you to bring us your true colors, , your perspectives, and your experiences. It's in our differences that we will remain relentless in our pursuit to transform healthcare for ALL.
As an employer, we are committed to investing in your development and providing the necessary resources to enable your success. Learn how we are dedicated to creating an inclusive and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path by visiting our Company Culture page. If this sounds like something you'd like to be a part of, we'd love to hear from you. You can also join our Talent Community to stay "in the know" on all things Blue.
At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work/life balance is a key part of associate wellbeing. For more information on how we work and support that work/life balance visit our "How We Work" Page.