At HCSC, we consider our employees the cornerstone of our business and the foundation to our success. We enable employees to craft their career with curated development plans that set their learning path to a rewarding and fulfilling career.
Come join us and be part of a purpose driven company who is invested in your future!
Job Summary
This ten-week paid internship can be located in Chicago, Illinois or Richardson, Texas. What Are Your Responsibilities?
The successful candidate for this position will work closely with both management and actuarial students in support of some of our major departmental functions. This support consists of modeling experience, gathering, and compiling data from various sources, designing, and maintaining databases, and producing reports for internal as well as external uses.
In the past few years, projects have included modeling provider payments and discounts, redesigning a forecasting model, building an Access database to track provider performance, converting our reserve model to a new software package, and preparing yearly financial statements.
You will also need to:
Comply with HIPAA, Diversity Principles, Corporate Integrity, Compliance Program policies and other applicable corporate and departmental policies.
Maintain complete confidentiality of company business.
Maintain communication with management regarding development within areas of assigned
Responsibilities and perform special projects as required or requested.
Create a final internship PowerPoint presentation to share with department leadership covering the internship experience, the assigned project over the course of the summer, including the results along with any solutions or recommendations that can be leveraged by the department in the future.
What Do You Need To Be Successful?
– Previous internship experience preferred
– Demonstrated interpersonal skills including verbal and written communication
– Strong analytical skills
– Practical, developed PC skills, especially Excel, Word, and Access
What Are the Requirements You Must Meet?
– Pursuing a Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or related field
– Progress on SOA exams
– Graduation date between December 2024 – June 2025
– A minimum GPA of 3.0/4.0
– Availability to work 10 weeks during the summer
– Unrestricted authorization to work in the United States (currently, we are not offering this position with a student visa including F1, OPT, CPT or H1B and are not accepting student work visas for this role)
What Does the Internship Program Entail?
– Formal Intern Orientation to build business and industry acumen
– Challenging real-world hands-on project
– Weekly networking opportunities among interns and company leaders
– Professional development workshops
– Business Resource Group involvement
– Volunteer activities
We encourage people of all backgrounds and experiences to apply. Even if you don’t think you are a perfect fit, apply anyway - you might have qualifications we haven’t even thought of yet.
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Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!
HCSC Employment Statement:
HCSC is committed to diversity in the workplace and to providing equal opportunity and affirmative action to employees and applicants. We are an Equal Opportunity Employment / Affirmative Action employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Drug screening and background investigation are required, as allowed by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
Working at
Health Care Service Corporation
Health Care Service Corporation (HCSC) is the largest customer-owned health insurance company in the United States, serving millions of members across its five Blue Cross and Blue Shield-affiliated health plans. With a strong commitment to improving healthcare access and quality, HCSC offers rewarding career opportunities in the actuarial field. As a vital component of HCSC's operations, actuaries play a crucial role in assessing and managing risk. They analyze complex data to develop sound pricing models, ensure the financial stability of insurance products, and support the organization's mission to provide affordable and comprehensive healthcare coverage. Actuaries at HCSC work in a collaborative and innovative environment, leveraging cutting-edge tools and technologies to make data-driven decisions. They collaborate with cross-functional teams, including underwriters, product managers, and healthcare professionals, to develop effective strategies that balance risk and affordability while meeting the evolving needs of members. HCSC values professional development and fosters a culture of continuous learning. Actuaries have access to a wide range of training and development opportunities, including industry seminars, actuarial exams, and mentorship programs. They also benefit from a supportive network of experienced professionals who are dedicated to sharing knowledge and best practices. Joining HCSC as an actuary offers the chance to make a significant impact on the healthcare landscape, improve the lives of individuals and communities, and contribute to the ongoing transformation of the industry. With competitive compensation, comprehensive benefits, and a vibrant work environment, HCSC is an ideal destination for actuaries seeking a fulfilling and rewarding career in the healthcare sector.