Actuarial Summer Intern

Actuarial Intern

The Actuarial, Underwriting, and Financial Analytics team oversees our finance operations, underwriting, analytics, actuary, corporate development, cost of healthcare, global business services, internal audit services, controller and finance shared services functions and responsibilities at Blue Shield of California.

The Actuarial Intern will report to an Actuarial Manager. In this role, you will gain a deep understanding of the health care industry basic practices, develop technical skills, and contribute lasting models and exhibits that increase our efficiency and effectiveness.

Our leadership model is about developing great leaders at all levels and creating opportunities for our people to grow – personally, professionally, and financially. We are looking for leaders that are energized by creative and critical thinking, building and sustaining high-performing teams, getting results the right way, and fostering continuous learning.

Responsibilities

In this role, you will:

• Support the analytics needed to optimize our membership, cost of healthcare, and revenue
• Develop tools and exhibits to improve our marketability in our highly competitive environment
• Learn or improve upon all coding languages as necessary
• Support the analytics needed to understand network configuration scenarios and/or provider contract negotiation
• Develop a deep understanding of healthcare industry provider reimbursement structure
• Be a part of the industry movement towards value-based care
• Gain an understanding of how finance work connects to Blue Shield of California's mission to create a healthcare system that is worthy of our family and friends and sustainably affordable

Qualifications

Your Knowledge and Experience:

• Pursuing a Bachelor's degree in a quantitative field, such as Mathematics, Accounting, Finance, Business Administration, Economics, or Actuarial Science
• Serious interest in pursuing an actuarial career by having taken at least 1 actuarial exam prior May 2027
• Preferred 1-2 years of related professional experience, project, or coursework
• A robust analytical skill set (Microsoft Excel proficiency experience is required)
• Financial acumen and ability to synthesize data into insights and/or reporting
• Ability to work both independently and as part of a team
• Strong relationship management and interpersonal skills
• Ability to balance multiple priorities and meet deadlines

Hybrid: This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week. Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.

Pay: $25.00 per hour for Undergraduate $30.00 per hour for Graduate

About Our Internships: Our paid internship program is thoughtfully curated to provide students with experience and exposure to the health professional industry. Interns will be given the opportunity to get hands-on experience with real work projects, build meaningful relationships and connections within the organization, and experience our mission and enterprise goals through our program curriculum centered on our leadership model (Personal, People, Thought, and Results Leadership). To see more about our internship program, check out this video.

Our Summer 2027 Internship is June 14th or June 21st through August 20th, 2027. Application Process and Timeline:

• Now: Actively accepting applications
• October/November: If you meet the requirements, you will receive an invitation to meet with our Talent Acquisition Team
• November: 2nd round interviews & offers extended

As an intern at Blue Shield of California, you will:

• Participate in impactful projects during a 10-week internship program
• Undertake a 10-week curriculum designed to familiarize interns with BSC, leadership development, exposure to the healthcare industry, and more
• Be invited to participate in BSC employee events and networking opportunities such as Employee Resource Groups, employee volunteer activities, and more

About Us

About Blue Shield of California

As of January 2025, Blue Shield of California became a subsidiary of Ascendiun. Ascendiun is a nonprofit corporate entity that is the parent to a family of organizations including Blue Shield of California and its subsidiary, Blue Shield of California Promise Health Plan; Altais, a clinical services company; and Stellarus, a company designed to scale healthcare solutions. Together, these organizations are referred to as the Ascendiun Family of Companies.

At Blue Shield of California, our mission is to create a healthcare system worthy of our family and friends and sustainably affordable. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.

To achieve our mission, we foster an environment where all employees can thrive and contribute fully to address the needs of the various communities we serve. We are committed to creating and maintaining a supportive workplace that upholds our values and advances our goals.

Blue Shield is a U.S. News Best Company to work for, a Deloitte U.S. Best Managed Company and a Top 100 Inspiring Workplace. We were recognized by Fair360 as a Top Regional Company, and one of the 50 most community-minded companies in the United States by Points of Light. Here at Blue Shield, we strive to make a positive change across our industry and communities – join us!

Our Values:

• Honest. We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.
• Human. We strive to listen and communicate effectively, showing empathy by understanding others' perspectives.
• Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.

Our Workplace Model

We believe in fostering a workplace environment that balances purposeful in-person collaboration with flexibility - providing clear expectations while respecting the diverse needs of our workforce. Our workplace model is designed around intentional in-person interaction, collaboration, connection, creativity and flexibility:

• For most teams, this means coming into the office two days per week.
• Employees living more than 50 miles from an office location, out of state employees, and employees in certain member-facing roles should work with their manager to determine in-office time based on business need.
• For employees with medical conditions that may impact their ability to work in-office, we are committed to engaging in an interactive process and providing reasonable accommodations to ensure their work environment is conducive to their success and well-being.

The Company reserves the right to require more presence in the office based on business needs, and requirements are subject to change with periodic reviews.

Physical Requirements:

Office Environment - roles involving part to full time schedule in Office Environment. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.

Please click here for further physical requirement detail.

Equal Employment Opportunity:

External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.