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Blue Cross Blue Shield of Michigan

2027 Summer Intern- Actuary

Entry-Level JobVerifiedNo experience needed

Career Insights for Actuary

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What they do

An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.

$119,769 / year median in Michigan

+1% projected growth

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Job Description

The Internship Program at BCBSM is designed to enhance the skills and abilities of young professionals as well as to identify and attract future talent for our organization. Interns will gain practical hands-on work experience as well as a solid understanding of the health insurance industry. Our program is an excellent way for interns to get a good start on their careers by working on meaningful projects, learning valuable skills, and networking with employees throughout our organization, which could potentially allow interns to build a future career at BCBSM. Assist in preparing information and research materials to identify business problems, offer recommendations and assist management with implementation of solutions. Support leaders on projects designed to enhance the overall efficiency and effectiveness of the organization. Develop and maintain a solid understanding of BCBSM business, products, programs, data, organizational structure, controls, research. Analyze business goals, objectives, and needs within the organization. Participate in networking events with BCBSM leaders and other interns. Engage in volunteer activities/community outreach to build knowledge of our communities and customers. Participate in department meetings and events (i.e. monthly Diversity and Inclusion events, department wide team building events, weekly meetings to ensure team alignment, etc.).
QUALIFICATIONS
Current undergraduate or graduate student with a 3.0 GPA or higher required. Interns must be enrolled in a college/university or a Master's/PhD program for the duration of the internship. Effective verbal, written communication and interpersonal skills. Strong analytical skills with the ability to work independently and as a member of a team. Excellent organizational skills to deal with multiple projects and priorities. Responsible for maintaining confidential information to the highest degree. Proficient in Microsoft Office suites and applicable BCBSM systems. Ability to develop and maintain effective working relationships. The internship is a 12-week program that begins on Monday, May 24th and ends on Friday, August 13th. This is a hybrid position and requires you to be in the office 1-2 days per week. Interns are important to us, and you'll find opportunities for: Real work experience You will be doing work that a full-time employee would do. You'll be part of the team, so there isn't a typical day. You'll be working on whatever problem they are trying to solve. Professional Development & Networking We have around 150 students in our summer program each year. Those connections are what will help you get future jobs. We provide lots of opportunities for you to meet up with them to build relationships. Community Involvement As a non-profit we believe strongly in giving back to the community. Interns can act as consultants for local non-profits to help solve some of their challenges.
ADDITIONAL INFORMATION
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description does not constitute a contract for employment. All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.

Benefits

  • Professional Development
  • Health Insurance
  • Dental Insurance