We are seeking a motivated and analytically minded Health Benefits Actuarial Student Intern to join our People Solutions (Health) Insights & Analytics Consulting team. This internship provides hands-on experience supporting actuaries and consultants who advise employers on healthcare plan costs, funding strategies, financial forecasting, and employee benefit programs.

Interns will gain exposure to employer-sponsored medical, prescription drug, dental, vision, and ancillary benefit plans while developing technical, analytical, and consulting skills in a professional environment.

Key Responsibilities

• Analyze healthcare claims and enrollment data to identify cost and utilization trends. 
• Assist with the development of healthcare cost projections, budgeting, and forecasting analyses. 
• Support the preparation of reserve analyses, and financial reporting. 
• Perform data validation, reconciliation, and quality control checks. 
• Develop and maintain spreadsheets, databases, and actuarial models.
• Assist with Medicare Part D creditable coverage testing. 
• Prepare exhibits, charts, and client deliverables for power point presentations. 
• Research healthcare market trends, provider reimbursement developments, and emerging benefit strategies. Collaborate with consultants, actuaries, and analysts on client projects. 

Qualifications

Required

• Pursuing a Bachelor's or Master's degree in: Actuarial Science Mathematics Statistics Economics Finance Data Analytics Computer Science Related quantitative field 
• Strong analytical and problem-solving skills. 
• Intermediate to advanced Microsoft Excel skills. 
• Excellent attention to detail.
• Strong written and verbal communication skills. 
• Ability to manage multiple projects and meet deadlines. 

Preferred

• Completion of at least one actuarial exam (Exam P or Exam FM). 
• Familiarity with healthcare, insurance, employee benefits, or actuarial concepts.
•  Prior internship or project experience involving quantitative analysis. 

What You'll Learn

• Throughout the internship, you will gain practical experience in:
• Health insurance pricing and financial forecasting. 
• Self-funded and fully insured health plan funding arrangements. 
• Incurred But Not Reported (IBNR) reserve analysis. 
• Stop-loss insurance evaluation. 
• Medical and pharmacy claims analysis.
• Healthcare trend and utilization analysis. 
• Employer-sponsored health and welfare benefit consulting. 
• Client communication and presentation development.