What are the responsibilities and job description for the Intern, Actuarial position at Independent Living Systems?
ABOUT US
Join us in making a career in Independent Living Systems, an industry leader in managing home and community-based programs for over 20 years. Independent Living Systems, LLC and its subsidiaries offer a comprehensive range of clinical and third-party administrative services to managed care organizations and providers that serve high-cost, complex member populations in the Medicare, Medicaid, and Dual-Eligible Market. ILS provides tailored integrated solutions aimed at improving health outcomes while rebalancing costs, addressing social determinants of health and connecting members with community-based resources.
Position Summary
The Actuarial Intern will work closely with the Director of Actuarial Services and Medical Economics team to gain hands-on actuarial experience in the areas of Medicaid, Long-Term Care, and Medicare Advantage. This internship offers a unique opportunity to apply analytical skills, enhance technical proficiency, and contribute to critical projects within the actuarial team at ILS.
Essential Functions
- Collect and analyze health care claims and enrollment data to improve decision making, using statistical analysis to identify patterns, correlations, and actionable results.
- Assist in developing and maintaining actuarial models to support reserving, financial projections, and trend analysis.
- Contribute to the development and validation of assumptions used in actuarial modeling relating to capitation rates, risk scores, risk pool reconciliation, claim lags, and loss ratios for Medicaid and Medicare populations.
- Assist in the preparation of financial reports and documentation.
- Communicate and present findings and recommendations to the actuarial team and other stakeholders.
- Perform other duties as required or assigned.
Education and Experience
- Actively pursuing a Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, or related field.
Required Skills
- Basic knowledge of Microsoft Office Suite, with experience using Microsoft Excel.
- Knowledge or interest in health insurance, Medicaid, Long-Term Care, and Medicare.
- Ability to apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes.
- Professional attitude and appearance.
- Solid written and verbal communication skills
- Detail-oriented and able to work independently or as part of a team.
EEO STATEMENT
In compliance with the Drug-Free Workplace Act of 1988, Independent Living Systems has a longstanding commitment to provide a safe, quality-oriented, and productive work environment. Alcohol and drug abuse pose a threat to the health and safety of ILS employees and to the security of the company's equipment and facilities. For these reasons, ILS is committed to the elimination of drug and alcohol use and abuse in the workplace. Independent Living Systems, LLC, and its subsidiaries, including FCC, provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, disability, ancestry, or any other characteristic protected by state, federal, or local law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
