Actuarial Intern-Summer 2027

About the Role

The Internship Program with WPS Health Solutions provides practical experience to supplement academic coursework and prepare for future career pursuits. Interns will gain hands-on experience within a functional area related to their field of study, supporting business objectives and client service offerings. The program also focuses on corporate culture and professional development, with discussions centered on building soft skills and business acumen.

The Actuarial Team is responsible for pricing and reserving for all health insurance product lines, impacting 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

• Proficient in Microsoft Excel.

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

• Remote and hybrid work options available.
• Employees within 45 miles of WPS Headquarters (Madison, WI) will be expected to work Hybrid 2 days a week.
• Remote work is 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.

Remote Work Requirements

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

Benefits

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

Salary Range: $20-22/hr.