What are the responsibilities and job description for the Actuarial Intern position at WellSense Health Plan?
About Us
WellSense is a nonprofit health plan that provides health insurance coverage to Massachusetts and New Hampshire residents, including low-income, underserved, disabled and elderly populations. We were established in 1997 by Boston Medical Center, the largest safety-net hospital in New England, and have 25 years of experience delivering accessible care to complex populations.
Working Here
Join a team making a difference in healthcare. Imagine working for a not-for-profit organization focused to making a difference. Our culture is supportive, fast-moving, and committed. And most of all, it's fun!
What will you do?
The Actuarial Intern will work on one or more analytic projects during the course of the summer. The intern will work closely with Corporate Analytics leaders and analysts to support projects related to business imperatives. At the end of the internship, the intern will present on one or more projects to the Corporate Analytics leadership team.
This position is fully remote.
Projects:
- Developing risk adjustment completion factors by analyzing differences in risk adjustment scores for different claims completion durations.
- Develop and enhance member level profitability models for various business lines.
- Develop a member cohort analysis by member duration in order to understand impact of new and existing populations on profitability.
- Maintain and/or establish new financial forecasting models to address evolving business needs.
- Responsibility for supporting corporate initiatives/projects that require analysis of health plan data.
- Pharmacy utilization and cost analysis, reporting to tableau dashboard.
- Behavioral claims trend analysis and cost projection of new mandate services.
What will you bring?
- Pursuance of college degree majoring in Actuarial Science, Finance, Health Care Administration, or related field required.
- Entering junior or senior year of undergraduate work, or entering graduate school.
- 1 or more actuarial exams passed.
- Prior internship or experience in a managed healthcare or other insurance environment.
- Working knowledge of MS tools, including MS Office products, MS Access. Should be proficient in Microsoft Excel.
- Ability to meet deadlines, multi-task, problem-solve, and use appropriate technology to analyze business problems.
- Strong communications skills, both verbal and written, are required.
- Ability to work collaboratively with team members.
- Knowledge of SAS or SQL strongly preferred.
More about us...
Our Mission
To serve Boston Medical Center and to assist and support its mission in providing and enhancing access to effective, efficient medical care among low-income, underserved, disabled, elderly and other vulnerable populations.
WellSense employees are a diverse, talented workforce that work together to represent our values - member focus, stewardship, partnership, quality, inclusion and integrity.
About Boston Medical Center
Unwavering in its commitment to the community, Boston Medical Center is a private, nonprofit, 514-bed academic medical center located in Boston's historic South End. The primary teaching affiliate for Boston University School of Medicine, Boston Medical Center is the largest safety-net hospital and busiest trauma and emergency services center in New England.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. WellSense participates in the E-Verify Program to electronically verify the employment eligibility of newly hired employees.