Emblem Health - New York, NY
posted 4 days ago
About the position
EmblemHealth is a health and wellness company that provides insurance plans, primary and specialty care, and wellness solutions. As one of the nation's largest not-for-profit health insurers, we serve more than three million people in the New York tri-state area. Everything we do is guided by our core values: Empower, Deliver, and Do It Together. We are proud that our workforce is as diverse as the communities we serve, and we are intentional about our inclusive practices for our organization. If you want to be a part of a bigger story, if you want to make a difference in people's lives and the communities around you, and if you think healthcare matters to every one of us - Join us! The program is a ten-week paid internship from June 2, 2025, to August 8, 2025, requiring full-time commitment of 40 hours per week at an hourly rate of $30. The position is remote.
Responsibilities
- Support and perform actuarial analyses for various lines of business: medical expense analyses and projections, health insurance market intelligence research and analyses, product pricing and state rate filing support, data, and actuarial modeling.
- Present statistical information to support actuarial, underwriting, and other business areas regarding the pricing of plans, product development and marketing planning.
- Administer finalized policies; monitor results and provide feedback as needed.
- Collect and compile statistical data for additional analysis.
- Estimate the probability and likely cost of sickness, treatment, and medical services.
- Design, test, and administer policies to minimize risk and maximize the profitability of insurance policies; develop and produce charts and other exhibits to explain proposals and calculations.
- Identify trends and patterns in a variety of complex data sets.
- Program and develop pricing and statistical models, spreadsheets, and databases using analytical software.
- Explain complex ideas and technical data to different audiences.
- Identify a company's risks and develop plans and recommendations to manage its risks; present findings to Actuarial management.
- Develop, maintain, and analyze projection models.
- Reconcile and analyze actuarial inputs and outputs.
- Collaborate with key leaders in order to identify and meet information needs.
- Establish actuarial, underwriting, or healthcare economics procedures and document them for internal use.
- Perform additional duties as directed.
Requirements
- Pursuing a bachelor's degree in actuarial science, Mathematics, Computer Science, other physical science, or related finance/business degree required.
- Must be currently 2nd or 3rd year undergraduate or 1st year graduate student.
- Completion of / candidate working towards completion of actuarial exam(s) preferred.
- 0 - 1+ years of relevant, professional work experience and/or education required.
- Understanding of actuarial principles and methodologies with strong mathematical and analytical skills required.
- Excellent written and verbal communication skills to deliver complex information to a diverse audience required.
- Capable with Excel, data extraction, simulations, automation required.
- Proficiency with MS Office (Word, Excel, PowerPoint, Outlook) required.
- Exposure to SQL, SAS, Python or similar preferred.
Nice-to-haves
- Completion of / candidate working towards completion of actuarial exam(s) preferred.
- Exposure to SQL, SAS, Python or similar preferred.
Benefits
- Ten-week paid program.
- Hourly rate: $30 per hour.
- Remote work.
