Actuarial Intern-Summer 2027

About the Role

The Actuarial Intern role at WPS—A health solutions company provides practical experience to supplement academic coursework and prepare for future career pursuits. The internship includes a hands-on role within the Actuarial Team, which is responsible for pricing and reserving for all health insurance product lines. This role impacts the profitability and competitiveness of WPS products.

Key Responsibilities

• 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.
• 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.

Requirements & Tech Stack

• Microsoft Excel proficiency
• High speed cable or fiber internet
• Minimum of 10 Mbps downstream and at least 1 Mbps upstream internet connection

Qualifications

• Current enrollment in a Bachelors or Masters degree program in actuarial science, mathematics, or finance.
• 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.

Work Location

• Hybrid work: Employees within 45 miles of WPS Headquarters (1717 W. Broadway in Madison, WI, 53713) will be expected to work hybrid 2 days a week.
• Remote work available 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.

Benefits

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