Intern at Lockton Companies in Irvine, CA

Job description

We are seeking a motivated and analytically minded Health Benefits Actuarial Student Intern to join our People Solutions (Health) Insights & Analytics Consulting team. This internship provides hands-on experience supporting actuaries and consultants who advise employers on healthcare plan costs, funding strategies, financial forecasting, and employee benefit programs. Interns will gain exposure to employer-sponsored medical, prescription drug, dental, vision, and ancillary benefit plans while developing technical, analytical, and consulting skills in a professional environment. Key Responsibilities Analyze healthcare claims and enrollment data to identify cost and utilization trends. Assist with the development of healthcare cost projections, budgeting, and forecasting analyses. Support the preparation of reserve analyses, and financial reporting. Perform data validation, reconciliation, and quality control checks. Develop and maintain spreadsheets, databases, and actuarial models. Assist with Medicare Part D creditable coverage testing. Prepare exhibits, charts, and client deliverables for power point presentations. Research healthcare market trends, provider reimbursement developments, and emerging benefit strategies. Collaborate with consultants, actuaries, and analysts on client projects. Qualifications Required Pursuing a Bachelor's or Master's degree in: Actuarial Science Mathematics Statistics Economics Finance Data Analytics Computer Science Related quantitative field Strong analytical and problem-solving skills. Intermediate to advanced Microsoft Excel skills. Excellent attention to detail. Strong written and verbal communication skills. Ability to manage multiple projects and meet deadlines. Preferred Completion of at least one actuarial exam (Exam P or Exam FM). Familiarity with healthcare, insurance, employee benefits, or actuarial concepts. Prior internship or project experience involving quantitative analysis. What You'll Learn Throughout the internship, you will gain practical experience in: Health insurance pricing and financial forecasting. Self-funded and fully insured health plan funding arrangements. Incurred But Not Reported (IBNR) reserve analysis. Stop-loss insurance evaluation. Medical and pharmacy claims analysis. Healthcare trend and utilization analysis. Employer-sponsored health and welfare benefit consulting. Client communication and presentation development.