Financial Underwriting Intern (bcbsma)

Job Description

Ready to help us transform healthcare? Bring your true colors to blue. 

Blue Cross Blue Shield is excited to offer rising college seniors an eleven-week virtual summer internship. To realize a different future for healthcare, we need a different kind of workforce. One that unites diverse backgrounds, cultures, and perspectives to help us disrupt, innovate, and break through. So, don’t hold back. Bring your true colors to Blue.

The Underwriting internship will expose the intern to multiple facets of the healthcare business from an underwriting lens. The intern will learn some of the basics of medical and dental insurance as well as Underwriting’s impact on the company.  Projects include working on 51-99 prospect accounts alongside experienced underwriters, as well as approving underwriting operations.  Such project work will build skills in data mining research, compilation, and organization.  The final corporate internship project may be presented to Underwriting leadership.

The intern will end the summer able to independently perform the proper analysis and pricing of prospect business to produce a quote for review.  Outside of the Underwriting team, the intern is encouraged to take full advantage of any corporate internship opportunities offered to enhance their experience during the period of their engagement.

Your Day to Day

1. Job shadow a New Business <1000 team underwriter.

2. Conduct renewals within the 51-99 retention team.

3. All underwriting teams project support.  

This document is not an exhaustive list of all responsibilities, skills, duties, requirements, or working conditions associated with the job. Employees may be required to perform other job-related duties.

We’re Looking for:

• Demonstrates strong initiative.
• Has an analytic thought process with ability to work in a fast-paced environment.
• Demonstrates an interest in professional development.
• Has a proven record of success in their scholastic career.
• Employs functional and technical skills when performing all assignments.
• Can apply changes to previously learned processes or adopt new ones.
• Develops cooperative relationships with associates and peers.
• Recognizes and changes daily priorities to perform work routine and accomplish activities.
• Comfortable utilizing mathematical models to develop account quotes that accurately project future costs, and price alternative plans.
• Proficiency in Excel and Word, and ability to learn new software/tools.
• Creative problem-solving ability is required. 

What You Bring:

• Positive progress toward Undergraduate degree from an accredited college/university is required. Pursing degree in Mathematics, Finance, Business, Healthcare Management or Economics is preferred.
• Must possess superior oral and written communication skills to explain difficult technical concepts to clients, consultants, operations, and sales staff.
• Flexible customer service style and ability to work independently with internal/external business partners.
• High level of thoroughness and strong attention to detail. Commitment to high standards of performance and willingness to put in extra effort to achieve goals.

What You’ll Gain:

• Upskill in the health insurance industry, specifically Finance.
• Hands on professional experience as an underwriter, small group rating. 
• Opportunity to collaborate with internal and external organization stakeholders.
• Professional development through short term gig projects.
• Mentorship through the corporate internship program and coaching from a division leader.  

Minimum Education Requirements:

High school degree or equivalent required unless otherwise noted above

Location

Time Type

The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting.  We may ultimately pay more or less than the posted range, and the range may be modified in the future.  An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.

This job is also eligible for variable pay.

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.

Note:  No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

WHY Blue Cross Blue Shield of MA?

We understand that the confidence gap and imposter syndrome can  prevent  amazing candidates coming our way, so please don’t hesitate to apply. We’d love to hear from you. You might be just what we need for this role or possibly another one at Blue Cross Blue Shield of MA. The more voices we have represented and amplified in our business, the more we will all thrive, contribute, and be brilliant. We encourage you to bring us your true colors, , your perspectives, and your experiences. It’s in our differences that we will remain relentless in our pursuit to transform healthcare for ALL.

As an employer, we are committed to investing in your development and providing the necessary resources to enable your success. Learn how we are dedicated to creating an inclusive and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path by visiting our Company Culture page. If this sounds like something you’d like to be a part of, we’d love to hear from you. You can also join our Talent Community to stay “in the know” on all things Blue.

At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work/life balance is a key part of associate wellbeing. For more information on how we work and support that work/life balance visit our "How We Work" Page.