The Actuarial Intern supports the actuarial function. The Actuarial Intern is exposed to a wide variety of actuarial functions including assisting with financial reporting estimates, rate setting, and adhoc cost analysis. The internship gives the candidate insight into what an Actuary role could look like at a health plan. Duties Learn about L. A. Care's various lines of business and how they operate (15%). Learn what the Actuarial Services teams assists on at a health plan. Develop an understan... more details
Established in 1997, L.A. Care Health Plan is an independent public agency created by the state of California to provide health coverage to low-income Los Angeles County residents. We are the nation’s largest publicly operated health plan. Serving more than 2 million members in five health plans, we make sure our members get the right care at the right place at the right time.
Mission: L.A. Care’s mission is to provide access to quality health care for Los Angeles County's vulnerable and low-income communities and residents and to support the safety net required to achieve that purpose.
Job Summary
The Actuarial Intern supports the actuarial function. The Actuarial Intern is exposed to a wide variety of actuarial functions including assisting with financial reporting estimates, rate setting, and adhoc cost analysis. The internship gives the candidate insight into what an Actuary role could look like at a health plan.
Duties
Learn about L.A. Care's various lines of business and how they operate (15%).
Learn what the Actuarial Services teams assists on at a health plan. Develop an understanding of Actuaries roles and responsibilities including Incurred but not Paid (IBNP) reporting, risk sharing estimates, and rate setting (15%).
Develop technical skills (SQL, Excel, Word, PowerPoint, and OneNote) (15%).
Review revenue rate (premium) worksheets from California Department of Health Care Services (DHCS), Centers for Medicare and Medicaid Services (CMS), or other government agencies which provide L.A. Care's health care cost related revenue. Review assumptions and calculations of the government's Actuarial consultants (20%).
Duties Continued
Help analyze healthcare costs and trends (15%).
Assist other Actuarial team members in validating and peer reviewing their work (10%).
Perform other duties as assigned (10%).
Education Required
Working towards Bachelors Degree in Actuarial Science or Related Field
Education Preferred
Experience
Required:
No experience required.
Completion of at least 1 actuarial exam.
Skills
Required:
Must be able to create and manage complex Excel spreadsheets.
Must have solid and effective verbal, written and interpersonal communication skills.
Licenses/Certifications Required
Licenses/Certifications Preferred
Required Training
Physical Requirements
Light
Additional Information
Salary Range Disclaimer: The expected pay range is based on many factors such as geography, experience, education, and the market. The range is subject to change.
L.A. Care offers a wide range of benefits including
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