Actuarial Internship (Undergrad) - On-site - The Cigna Group
Philadelphia, PA
About the Job
A summer internship with The Cigna Group's Actuarial Executive Development Program (AEDP) gives you an 11-week experience focused on learning about a career as an actuary at our company. In fact, the internship is The Cigna Group's main pathway for hiring full time talent. During the internship, you are asked to apply your analytical and technical skills, as well as business acumen, to complete a project that is of significant impact to The Cigna Group's business. You will have the opportunity to take ownership of this singular project with the guidance of your direct manager while also taking part in variety of professional development opportunities.
Past intern projects have included:
Completing an “actual-to-expected” analysis of brand and generic medications to better project the rate at which utilization of new-to-market medications increases.
+ Completing a “relative days” analysis to understand variations in incurred medical claims by day of the week to set reserves more accurately.
+ Building a dashboard to quickly identify drivers of pharmacy claim cost trends for Cigna Healthcare’s pharmacy business.
+ Creating a tool that allows for more efficient and accurate testing of new pricing engines.
A group of current, full-time AEDP associates, called the “Intern Committee,” are dedicated to making your summer the best experience possible. They plan a variety of professional opportunities such as an actuarial speaker series, numerous professional trainings, and both individual and group case studies. They act as mentors and organize frequent social and networking events to help you engage with other interns, as well as the wider actuarial community that makes The Cigna Group and the AEDP a great place to work.
AEDP Advantage for Summer Interns:
Executive and Actuarial Speaker Series: Learn from The Cigna Group's executives and actuarial experts, and discover how they transformed from interns to business leaders
Challenges: Case Studies, technical development workshops, and training to sharpen your skills
Our People: Diverse and inclusive community of associates and program alumni focused on mentorship, professional development, and connecting as a community
What you need to do the job:
+ Progressing toward a Bachelor’sdegree in in Actuarial Science, Data Analytics, Economics, Finance, Math, Statistics or related major
+ 3.2 minimum GPA
+ Outstanding technical, analytical, and interpersonal skills
+ Excellent verbal and written communication skills
+ Possession of a strong desire and demonstrated ability to lead
+ A drive to develop business and actuarial skills through ongoing trainings and a business-relevant summer project
Additional Information:
Work Authorization: One goal of this internship program is to prepare and identify qualified candidates for roles with Cigna post-graduation. Therefore, this temporary internship is open only to individuals who are eligible for employment in the United States and who would not require visa support including H-1B, CPT/OPT/STEM, etc., now or in the future.
Locations: In person at one of our five designated office locations: Austin, TX, Bloomfield, CT, Denver, CO, Nashville, TN, Philadelphia, PA
Work Schedule: Typical schedule is 40-hours a week, Monday - Friday for 11 weeks during the summer months (late-May until early-August).
Compensation: Competitively hourly rate and paid travel costs both to and from the internship. Hourly rate is based on actuarial exam progression.
Housing: Fully furnished housing and shared rooming with fellow interns close to one of our offices
Study Material Support: Paid support for study materials for an upcoming actuarial exam.
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.
_Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws._
_If you require reasonable accommodation in completing the online application process, please email:_ _SeeYourself@cigna.com_ _for support. Do not email_ _SeeYourself@cigna.com_ _for an update on your application or to provide your resume as you will not receive a response._
_The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State._
_Qualified applicants with criminal histories will be considered for employment in a manner_ _consistent with all federal, state and local ordinances._
Past intern projects have included:
Completing an “actual-to-expected” analysis of brand and generic medications to better project the rate at which utilization of new-to-market medications increases.
+ Completing a “relative days” analysis to understand variations in incurred medical claims by day of the week to set reserves more accurately.
+ Building a dashboard to quickly identify drivers of pharmacy claim cost trends for Cigna Healthcare’s pharmacy business.
+ Creating a tool that allows for more efficient and accurate testing of new pricing engines.
A group of current, full-time AEDP associates, called the “Intern Committee,” are dedicated to making your summer the best experience possible. They plan a variety of professional opportunities such as an actuarial speaker series, numerous professional trainings, and both individual and group case studies. They act as mentors and organize frequent social and networking events to help you engage with other interns, as well as the wider actuarial community that makes The Cigna Group and the AEDP a great place to work.
AEDP Advantage for Summer Interns:
Executive and Actuarial Speaker Series: Learn from The Cigna Group's executives and actuarial experts, and discover how they transformed from interns to business leaders
Challenges: Case Studies, technical development workshops, and training to sharpen your skills
Our People: Diverse and inclusive community of associates and program alumni focused on mentorship, professional development, and connecting as a community
What you need to do the job:
+ Progressing toward a Bachelor’sdegree in in Actuarial Science, Data Analytics, Economics, Finance, Math, Statistics or related major
+ 3.2 minimum GPA
+ Outstanding technical, analytical, and interpersonal skills
+ Excellent verbal and written communication skills
+ Possession of a strong desire and demonstrated ability to lead
+ A drive to develop business and actuarial skills through ongoing trainings and a business-relevant summer project
Additional Information:
Work Authorization: One goal of this internship program is to prepare and identify qualified candidates for roles with Cigna post-graduation. Therefore, this temporary internship is open only to individuals who are eligible for employment in the United States and who would not require visa support including H-1B, CPT/OPT/STEM, etc., now or in the future.
Locations: In person at one of our five designated office locations: Austin, TX, Bloomfield, CT, Denver, CO, Nashville, TN, Philadelphia, PA
Work Schedule: Typical schedule is 40-hours a week, Monday - Friday for 11 weeks during the summer months (late-May until early-August).
Compensation: Competitively hourly rate and paid travel costs both to and from the internship. Hourly rate is based on actuarial exam progression.
Housing: Fully furnished housing and shared rooming with fellow interns close to one of our offices
Study Material Support: Paid support for study materials for an upcoming actuarial exam.
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.
_Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws._
_If you require reasonable accommodation in completing the online application process, please email:_ _SeeYourself@cigna.com_ _for support. Do not email_ _SeeYourself@cigna.com_ _for an update on your application or to provide your resume as you will not receive a response._
_The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State._
_Qualified applicants with criminal histories will be considered for employment in a manner_ _consistent with all federal, state and local ordinances._
Source : The Cigna Group
