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Actuarial Internship - Part-Time

Location: This position will be remote, based out of our Maine PulsePoint offices.An Actuarial Intern will be responsible for supporting a variety of actuarial projects and tasks. Actuarial Interns will also receive an orientation to the company and the health benefits industry, be exposed to the practical application of actuarial projects and processes at Elevance Health, and can work with other accounting, finance, actuarial, and operational areas within the company.How You Will Make An Impact• Being involved in critical business areas such as healthcare cost analysis and trend projection, valuation, risk quantification, and health insurance pricing.• Work on multiple projects across business lines and deliver presentations on key projects• Assist the actuarial team in collecting and refining actuarial data.• Analyze, develop, and validate statistical models and data.• Update pricing, valuation, and forecasting models.• Conduct internet research for competitive analysis.• Prepare documents for audits, as necessary.Minimum Requirements• Must be part of an approved academic course of study, and that course of study must be applicable to the company's operations or the support of those operations.• Ability to work 20 hours per week for the duration of the internship.Preferred Skills, Capabilities And Experiences• Preferred BA/BS degree program in Actuarial Science, Mathematics, Statistics, Finance, or other related degree.• Candidates in their Senior year are preferred• Demonstrated teamwork and leadership ability as evidenced in extracurricular activities• Excellent communication, analytical, and problem-solving skills• Experience in the use of MS Office suite (Word, Excel, and Access)• Previous internship experience are greatly preferred• 1+ passed SOA exams are greatly preferredPlease be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.Who We AreElevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.How We WorkAt Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process. Candidates must reside within 50 miles or 1-hour commute each way of a relevant Elevance Health location.The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact for assistance.
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What You Should Know About Actuarial Internship - Part-Time, Elevance Health

Are you ready to jumpstart your career in the fascinating world of actuarial science? Elevance Health is searching for a Part-Time Actuarial Intern in South Bend, IN, who’s keen to support a variety of engaging actuarial projects and tasks. In this remote role, you'll be diving into crucial business areas, such as healthcare cost analysis, risk quantification, and valuation, while also gaining invaluable exposure to real-world actuarial processes at Elevance Health. You'll work closely with seasoned professionals across different departments, sharpening your analytical skills as you help analyze, develop, and validate statistical models. Expect to be involved in multiple projects, present your findings, and even conduct competitive analysis through internet research. With a focus on both personal and professional growth, Elevance Health nurtures a culture of teamwork and collaboration, making this internship a lively and rewarding experience. Applicants should be currently enrolled in an applicable academic course of study and able to commit to 20 hours a week. If you're pursuing a degree in Actuarial Science, Mathematics, or a related field—and especially if you've aced some Society of Actuaries exams—this might be the perfect opportunity for you! Join us at Elevance Health and make a meaningful impact in the healthcare industry while kickstarting your actuarial career!

Frequently Asked Questions (FAQs) for Actuarial Internship - Part-Time Role at Elevance Health
What are the responsibilities of an Actuarial Intern at Elevance Health?

As an Actuarial Intern at Elevance Health, you will be involved in various responsibilities, including supporting healthcare cost analysis, risk quantification, and valuation. You’ll assist the actuarial team with data collection, perform statistical model validation, update pricing models, and prepare audit documents, ensuring you gain diverse experience in the field.

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What qualifications do I need to be an Actuarial Intern at Elevance Health?

To qualify for the Actuarial Internship at Elevance Health, candidates should be part of an approved academic course of study related to the company's operations. A degree in Actuarial Science, Mathematics, or Statistics is preferred, along with excellent analytical and communication skills. Previous experience in an internship is also advantageous.

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How many hours can I expect to work as an Actuarial Intern at Elevance Health?

You can expect to work around 20 hours per week in the part-time Actuarial Internship position at Elevance Health. This flexibility will allow you to balance your academic responsibilities while gaining hands-on experience in the actuarial field.

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Is the Actuarial Internship at Elevance Health remote?

Yes, the Actuarial Internship at Elevance Health is primarily remote, allowing you to work from the comfort of your own environment while still being part of a dynamic team. Keep in mind that some onsite presence may be required based on the hiring manager's preferences.

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What opportunities for growth does Elevance Health offer for Actuarial Interns?

At Elevance Health, Actuarial Interns are provided with a nurturing environment that encourages personal and professional growth. You will have opportunities to work on meaningful projects, learn from experienced professionals, and engage in a culture that promotes collaboration and innovation. This can serve as a strong stepping stone in your actuarial career.

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Common Interview Questions for Actuarial Internship - Part-Time
What motivated you to pursue an actuarial internship at Elevance Health?

In answering this question, express your genuine interest in the healthcare industry and actuarial science. Highlight any relevant coursework you’ve undertaken and how Elevance Health's mission aligns with your career goals.

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Can you describe a project or analysis you’ve worked on in your studies?

Make sure to choose a project that demonstrates your analytical abilities. Explain the objective, your methodology, the tools or models used, and the outcomes, emphasizing how it ties back to the skills needed for the internship.

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How do you prioritize tasks when managing multiple projects?

Discuss your approach to time management and organization. You might mention using tools like to-do lists or project management software, and how you assess the urgency and importance of tasks to meet deadlines effectively.

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What statistical software or tools are you familiar with?

Be sure to list any software you've used, particularly MS Office suite, Excel, and any statistical modeling programs. If applicable, mention projects where you leveraged these tools to analyze data.

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How do you handle working in team situations?

Describe your teamwork approach by referencing specific instances of collaboration either from academic projects or extracurricular activities. Emphasize communication, flexibility, and support for peers as key aspects.

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What do you understand about the role of an actuary in the health insurance industry?

Your answer should reflect your knowledge of how actuaries analyze data to assess risk, determine pricing models, and contribute to financial decisions in healthcare. Mention the importance of such analysis in improving health services and outcomes.

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Can you discuss a time you solved a complex problem?

Choose a specific problem where you applied critical thinking and analytical skills to come up with a resolution. Explain your thought process and the impact of your solution, ideally relating it back to a relevant actuarial context.

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How do you keep up with industry trends and advancements in actuarial science?

Share your methods for staying informed about the actuarial field, such as following relevant publications, attending workshops, or being involved in professional organizations, and explain how this knowledge can be an asset in your internship.

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What is your experience with data validation and statistical modeling?

Draw from any class projects or relevant work experience where you engaged in data validation or statistical analysis. Discuss the processes you followed and any models or techniques you used, demonstrating your hands-on experience.

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Why do you believe data integrity is important in actuarial work?

Highlight the critical nature of data accuracy in the actuarial field, emphasizing how it affects risk assessment, financial forecasting, and ultimate decision-making within the healthcare industry. This shows your understanding of the importance of the role.

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Our mission is to improve lives and communities. Simplify healthcare. Expect more.

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Part-time, hybrid
DATE POSTED
December 7, 2024

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