Blue Cross and Blue Shield of Minnesota is one of the most recognized and trusted health care brands in the world with 2.5 million members. We're committed to reinventing health care to improve health for our members and the community. We hope you'll join us.
Blue Cross Blue Shield of Minnesota is hiring an Actuarial Intern in Eagan, MN for Summer 2025. Our program runs approximately 40 hours per week, June through mid-August. In this role you will apply knowledge of mathematics, probability and statistics in the area of commercial health insurance. You will gather and analyze a wide variety of data, prepare and present results, and gain exposure to Commercial health insurance products. We are looking for a detail-oriented and analytical Actuarial Intern to support our commercial actuarial team. This internship offers a unique opportunity to gain hands-on experience in actuarial science, working on real-world projects that impact our business and clients.
This role is based in Eagan, MN and requires 4 days a week on site.
Day in the Life:
- Assist in the development and maintenance of actuarial models.
- Analyze data and trends to support pricing, reserving, and risk management activities.
- Collaborate with team members to prepare reports and presentations.
- Present and communicate results to leadership and key stakeholders.
- Participate in special projects and research initiatives.
- Data retrieval, summarization, and analysis.
- Documentation creation.
- Mathematical model development.
- Financial impact assessment of revenue, claims, and membership.
- Collaboration with Finance, Underwriting, Network and Sales areas.
- Support the actuarial team in day-to-day tasks and long-term projects.
Perks of interning at BCBSMN:
- Real project impact: Dive into meaningful projects that matter. Your contributions will shape our success, and you'll see the tangible results of your work.
- Enterprise-wide network: Connect with individuals across the organization. Forge relationships, learn from diverse perspectives, and expand your professional circle.
- Continuous learning: Every day is a chance to learn. On-the-job experiences will sharpen your skills, accelerate your growth, and propel your career forward. • Planned personal and professional development events
- On-site cafe - breakfast, lunch and grab & go items available
- Free parking
- Business casual attire
- On-site fitness center
- Hybrid environment
Required Skills and Experiences:
- To be considered for this role, an individual should meet the following minimal requirements:
- We require interns to be enrolled in an educational program during the duration of the internship program.
- Completed a minimum of sophomore year (4 semesters) by the start of the internship
- Currently enrolled in a bachelor's degree program in Actuarial Science, Mathematics, Statistics, or a related field.
- Professional demeanor, positive attitude, and a customer service orientation
- Willingness to take initiative and learn new concepts and technical skills
- Capability to work in a hybrid environment, both at home and onsite at least 4 days per week.
Preferred Qualifications:
- Successfully completed at least one actuarial exam (e.g., Exam P, FM, FAM, SRM, PA, ATPA, ASTAM, ALTAM).
- Strong analytical and problem-solving skills.
- Proficiency in Microsoft Excel and other data analysis tools.
- Excellent communication (oral and written) and interpersonal skills.
- Ability to work independently and as part of a team.
- Experience with actuarial software (e.g., SAS, R, Python).
- Prior internship or work experience in an actuarial role.
Role Designation
Onsite
Role designation definition: Teleworking is working full time remote. Hybrid is a combination of working onsite and remotely. Onsite is full-time onsite.
Compensation and Benefits
$22.00 - $23.00 - $24.00 Hourly
Pay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job.
We offer a comprehensive benefits package which may include:
- Medical, dental, and vision insurance
- Life insurance
- 401k
- Paid Time Off (PTO)
- Volunteer Paid Time Off (VPTO)
- And more
To discover more about what we have to offer, please review our benefits page.
Make a Difference
Blue Cross is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, gender expression, or any other legally protected characteristic.
Reasonable Accommodation for Job Seekers with a Disability: If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to talent.acquisition@bluecrossmn.com.
All roles require a high school diploma (or equivalency) and legal authorization to work in the U.S.
Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.