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Internship Actuarial Development Program Jobs in Minnesota

UnitedHealth Group

Actuarial Analyst

Eden Prairie, MN · On-site

$60K - $107K/yr

... development opportunities. Come make an impact on the communities we serve as you help us advance ... Program (commitment to exams required) * 1+ years of relevant experience (internship or analytical ...

UnitedHealth Group

Actuarial Analyst

Eden Prairie, MN · On-site

$60K - $107K/yr

... development opportunities. Come make an impact on the communities we serve as you help us advance ... Program (commitment to exams required) * 1 years of relevant experience (internship or analytical ...

Ameriprise Financial

Actuarial Analyst

Minneapolis, MN · On-site

$66K - $91K/yr

Actuarial internship experience. * Experience with MS Excel, VBA, MS Access, and other database ... We also have a competitive and comprehensive benefits program that supports all aspects of your ...

Ameriprise Financial

Actuarial Analyst

Minneapolis, MN · On-site

$66K - $91K/yr

Actuarial internship experience. * Experience with MS Excel, VBA, MS Access, and other database ... We also have a competitive and comprehensive benefits program that supports all aspects of your ...

Howden Group

Actuarial Analyst

Edina, MN · On-site

You will be familiar with Howden Re's tools and approach, contribute to their development and ... Prior Actuarial Internship is a plus * A strong aptitude for analysis, database management and ...

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Internship Actuarial Development Program information

What types of projects or tasks can interns expect to work on during the Actuarial Development Program?

Interns in the Actuarial Development Program typically support experienced actuaries by assisting with data analysis, building and updating actuarial models, and preparing reports for risk assessment and pricing. They may also participate in projects related to insurance product development, financial forecasting, or regulatory compliance. Collaboration with cross-functional teams such as underwriting, finance, and IT is common, offering exposure to different aspects of the business and valuable networking opportunities. These experiences help interns develop both technical and professional skills relevant to a future actuarial career.

What are the key skills and qualifications needed to thrive as an Internship Actuarial Development Program participant, and why are they important?

To excel in an Internship Actuarial Development Program, strong analytical abilities, proficiency in mathematics and statistics, and progress toward actuarial exams (such as SOA or CAS) are generally required. Familiarity with actuarial software (like Excel, VBA, SAS, or R) and statistical modeling tools is highly valued. Standout candidates demonstrate problem-solving skills, attention to detail, and effective communication for translating complex data to non-technical stakeholders. These competencies enable interns to contribute meaningful analysis, adapt to challenging tasks, and build a solid foundation for a future actuarial career.

What is an Internship Actuarial Development Program?

An Internship Actuarial Development Program is a structured internship designed to give students hands-on experience in the actuarial field, often within insurance or financial services companies. Interns work on real-world projects, such as analyzing data and assessing risk, while learning from experienced actuaries. These programs help participants develop technical and professional skills, and often serve as a pipeline for full-time actuarial positions after graduation. Participants may also receive support in preparing for actuarial exams during the internship.
What are the most commonly searched types of Actuarial Development Program jobs in Minnesota? The most popular types of Actuarial Development Program jobs in Minnesota are:
What cities in Minnesota are hiring for Internship Actuarial Development Program jobs? Cities in Minnesota with the most Internship Actuarial Development Program job openings:
Internship Actuarial Development Program jobs near you
Actuarial Consultant - Remote

Actuarial Consultant - Remote

UnitedHealth Group

Eden Prairie, MN • On-site, Remote

$91K - $163K/yr

Full-time

Retirement

Posted 19 days ago

UnitedHealth Group rating

7.6

Company rating: 7.6 out of 10

Based on 141 frontline employees who took The Breakroom Quiz

187th of 872 rated healthcare providers

Job description

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.
Is it time to raise your game? Are you ready to take on a more advanced role in tracking and effectively managing risk? As a member of our high-performance actuarial team, you'll help support UnitedHealth Group's growth and financial goals and while you help shape our future.
As an Actuarial Consultant, you will be empowered, supported and encouraged to use your actuarial expertise as you build and maintain actuarial models to support financial analysis for our Value-Based Care (VBC) business. You'll find an accelerated actuarial development path to support you in your continuing post-graduate education and certification. The successful candidate will have a strong background in actuarial science, a technical skillset to take on complex VBC modeling and the curiosity and desire to become a thought leader in their areas.
You'll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges.
Primary Responsibilities:
  • Build and maintain actuarial models used for forecasting and tracking performance risks associated with value-based arrangements.
  • Extract, analyze, and aggregate revenue/claim data from multiple sources and interpret quantitative data to review and guide the strategy of value-based arrangements
  • Evaluate and identify profitability drivers to determine whether performance is driven by business or regulatory changes and/or revenue and medical trends.
  • Peer review and perform data mining and analysis that impacts foundational pricing and risk assumptions
  • Explain and extract payer specific utilization data to support value-based care negotiations
  • Design and prepare annual revenue and claim forecasts and summary exhibits to determine value of the contracts
  • Provides explanations and interpretations of underwriting analysis to analysts, managers and directors within and sometimes outside department within area of expertise
  • Communicate the results of your work in a meaningful way to internal stakeholders.

All while working in an environment that allows:
  • Effective project & time management; Flexibility in your work schedule
  • Participation in team problem solving; Contribution to team effectiveness
  • Inclusion into the UHG Actuarial Study Program, including company sponsored study hours and study materials

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.
Required Qualifications:
  • Bachelor's degree in Actuarial Science, Mathematics, Finance or related field
  • Must be on the Actuarial exam track, having passed 3 or more Actuarial exams
  • 4+ years of experience working in a corporate environment including experience collecting, analyzing and summarizing qualitative/quantitative data
  • Expertise working with formulas, calculations, charts, graphs in MS Excel

Preferred Qualifications:
  • Associate of the Society of Actuaries designation
  • 2+ years of experience building Actuarial models in SQL (Structured Query Language), SAS (Statistical Analysis System) and/or VBA (Visual Basic for Applications)
  • Experience working in finance or the health care industry
  • Experienced with any of the following: Underwriting, Financial Reporting, Government Programs, Medicare Advantage (MA) products, Medicare Bids, and/or VBC modeling
  • Demonstrated ability to be self-motivated, inquisitive, and quick to learn new business concepts, with a proactive approach to taking initiative

*All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy.
Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $91,700 to $163,700 annually based on full-time employment. We comply with all minimum wage laws as applicable.
Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.
At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.
UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.
UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.

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