Actuarial Intern-Summer 2027

The Internship Program with WPS Health Solutions is comprised of two key components. The first component involves gaining practical experience to supplement academic coursework and prepare for future career pursuits. This will be comprised of a hands-on role within a functional area related to a relevant field of study. Each internship incorporates responsibilities and tasks which support the business objectives and client service offerings, while providing ongoing collaboration with experienced departmental colleagues and exposure to "real world" business demands. The second element centers on exposure to corporate culture and professional development. Interns will participate in discussions focused on building soft-skills and business acumen.

The Actuarial Team is responsible for pricing and reserving for all the health insurance product lines. Our work impacts both the profitability and competitiveness of WPS products in the market.

Salary Range 20-22/hr. The base pay offered for this position may vary within the posted range based on your job-related knowledge, skills, and experience.

Work Location Our first consideration will be to have this employee live in the state of Wisconsin to take advantage of Hybrid work and collaboration. Employees within 45 miles of WPS Headquarters (1717 W. Broadway in Madison, WI, 53713) will be expected to be able to be able to work Hybrid 2 days a week on a regular basis. **As a secondary consideration, we do offer remote work in the following approved states:

We are open to remote work in the following approved states: Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, Texas, Virginia, Wisconsin

How do I know this opportunity is right for me? If you enjoy the following:

• Shadow team members to observe day-to-day accountabilities and gain insights into industry practices, processes, and techniques.
• Contribute to team projects by conducting research, preparing reports, and generating insights.
• Collaborate with cross-functional teams to gain exposure to various aspects of the business.
• Participate in team meetings and provide input on current processes and initiatives.
• Contribute to the implementation of new tools, processes, or systems by assisting with testing, documentation, and training efforts.
• Other job-related responsibilities may be assigned as required.

What you will do as an Actuarial Intern:

• Competitive rate and product research.
• Product performance monitoring.
• Maintain corporate rate formulas and rating systems for small group, larger group, individual and Medicare-related products.
• Research and test adequacy of coverage base rates, credibility factors, age/sex factors, and pooling charges.
• Assist in preparation and coordination of all rate filings necessary for Commissioner of Insurance.
• Assist in monitoring of forecasted results as they compare to actuals.
• Incorporate rating history and trend experience, growth, market changes, and loss ratio assumptions into models, testing multiple approaches to generate best estimates.
• Report enrollment and financial experience by line of business, type of contract, type of coverage, type of benefit, etc. as requested by management.

Minimum Qualifications

• Current enrollment in a Bachelors or Masters degree program, actuarial science, mathematics or finance.
• Proficient in Microsoft Excel.
• Strong written and verbal communication skills.
• Detail-oriented with strong organizational skills.
• Ability to work independently as well as part of a team.
• Familiarity with data analysis or research methods preferred.

Remote Work Requirements

• High speed cable or fiber internet.
• Minimum of 10 Mbps downstream and at least 1 Mbps upstream internet connection (can be checked at https://speedtest.net).
• Please review Remote Worker FAQs for additional information.

Benefits

• Remote and hybrid work options available
• Paid time off
• Professional and Leadership Development Programs

Who We Are

WPS, a health solutions company, is a leading not-for-profit health insurer and federal government contractor headquartered in Madison, Wisconsin. WPS offers health insurance plans for individuals, families, seniors and group health plans for small to large businesses. We process claims and provide customer support for beneficiaries of the Medicare program and manage benefits for millions of active-duty and retired military personnel across the U.S. and abroad. WPS has been making healthcare easier for the people we serve for nearly 80 years. Proud to be military and veteran ready.

Culture Drives Our Success

WPS' culture is where the great work and innovations of our people are seen, fueled and rewarded. We accomplish this by creating an open and empowering employee experience. We recognize the benefits of employee engagement as an investment in our workforce-both current and future-to effectively seek, leverage, and include differing and unique perspectives that fuel agility and innovation on high-performing teams. This results in people bringing their authentic selves to work every day in an organization that successfully adapts to business changes and new opportunities.

We are proud of the recognition we have received from local and national organization regarding our culture and workplace: WPS Newsroom - Awards and Recognition.

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This position may from time to time provide support to federal health care programs andother governmental or regulated industries. In accordance with law and/or contractual requirements, individuals in this role are or may be subject to all applicable federal regulations, agency contract requirements, and WPS internal policies, including but not limited to standards for data security, privacy, confidentiality, and program integrity. WPS and its personnel are subject to mandatory enhanced screening and background investigation prior to being granted access to information systems and/or sensitive data in order to safeguard regulated information and government resources that provide critical services.