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Employment Type:
Job Category:
Health Care Provider
Actuarial Intern
(This job is no longer available)
PacificSource | Portland, OR
Grad Date

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Job Description


Position Overview: The internship program is intended to provide students with projects that are challenging and educational. Assigned tasks will be similar to those performed by actuarial analysts.


Essential Responsibilities:

Employ established formulas and guidelines for timely and accurate rating of existing and prospective insurance contracts. Analyze claims, enrollment, administrative expense, required reserves, trends, and other factors needed to determine appropriate revenue requirements for corporate financial forecasting and other activities. Review requirements for and identify information needed to accurately assess various elements of risk, cost, and utilization, and its financial impact upon PacificSource. Make documented recommendations based on the analysis of information regarding methods to reduce costs.

Supporting Responsibilities:

Meet department and company performance and attendance expectations. Follow the PacificSource privacy policy and HIPAA laws and regulations concerning confidentiality and security of protected health information. Perform other duties as assigned. Qualifications

Work Experience: Related experience preferred but not required. Ideal candidate is an undergraduate or recent graduate actively pursuing an actuarial career.

Education, Certificates, Licenses: Active pursuit or recent completion of baccalaureate degree in actuarial science, statistics, mathematics, quantitative economics, or a related field. Ability and interest in pursuing actuarial training with certification exams. Having passed a minimum of one actuarial exam is preferred.

Knowledge: Must possess the knowledge and assume responsibility for performing the functions of the job position. Must perform and be responsible for the functions in a manner which promotes confidence in the person's abilities. Performs activities with extreme accuracy, with attention to details both subtle and obvious. Completes activities in a timely fashion. Verifies and documents assumptions. Justifies analysis and recommendations with sound logic and actuarial principles. Is creative and innovative in responding to challenges. Ability to apply actuarial methods and modeling techniques.


Our Values

* Adaptability
* Building Customer Loyalty
* Building Strategic Work Relationships
* Building Trust
* Continuous Improvement
* Contributing to Team Success
* Planning and Organizing
* Work Standards
* We are committed to doing the right thing.
* We are one team working toward a common goal.
* We are each responsible for our customers' experience.
* We practice open communication at all levels of the company to foster individual, team and company growth.
* We actively participate in efforts to improve our communities-internal and external.
* We encourage creativity, innovation, continuous improvement, and the pursuit of excellence.

Environment: Work inside in a general office setting with ergonomically configured equipment. Travel is required approximately 0% of the time.

Physical Requirements: Stoop and bend. Sit and/or stand for extended periods of time while performing core job functions. Repetitive motions to include typing, sorting and filing. Light lifting and carrying of files and business materials. Ability to read and comprehend both written and spoken English. Communicate clearly and effectively.

Disclaimer: This job description indicates the general nature and level of work performed by employees within this position and is subject to change. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this position. Employment remains AT-WILL at all times.

PacificSource is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to status as a protected veteran or a qualified individual with a disability, or other protected status, such as race, religion, color, national origin, sex, sexual orientation, gender identity or age.

About PacificSource

PacificSource was founded in 1933 by a group of 21 physicians who staffed and operated Pacific Christian Hospital in Eugene, Oregon. Within a year the company covered 600 employees, and in 1935 hired the first full time manager. That same year Pacific Christian Hospital was sold, making Pacific Hospital Association, the chosen name of the organization, a separate entity. Slow, steady growth and solid resources made Pacific Hospital Association-PHA-an attractive company in the 1940s, and twice during the first half of the decade the firm rejected offers to merge. By 1945 PHA insured 4,500 working men and women at $2 per month. As the country entered the post-war boom of the 1950s, PHA continued its steady growth. The company celebrated its 20th anniversary in 1953 with 10,500 members, 123 business contracts, and 67 physicians. In 1964 the physicians at the Eugene Hospital and Clinic joined PHA as member doctors. Soon after, two major client groups decided to self-insure their employees, and PHA expanded its menu of services by providing administrative services for those clients. By 1975, PHA had become a major health insurer for Lane County residents. In the early 1980s, the health insurance industry experienced increased utilization, and many carriers raised premiums dramatically in response to large claims losses. Thanks to its selective marketing and conservative underwriting practices, PHA avoided large losses and emerged stronger than ever. In 1985 and 1986 PHA expanded its marketing area to include Douglas, Linn, Coos, and Benton Counties, and in 1987 construction was completed on a company-owned office building on Country Club Road in Eugene. The company grew dramatically in the 1990s as a result of aggressive provider contracting and marketing efforts. In 1992 PHA opened a marketing office in Portland, and in 1994 the company launched its own line of group dental plans. The organization adopted the name PacificSource Health Plans in October 1994 to better reflect its mission as a health insurer. By the late 1990s, PacificSource had become a statewide plan, providing businesses and individuals in all corners of Oregon with flexible health and dental insurance. In 2000, PacificSource opened a sales office in Bend to better serve customers east of the Cascades. PacificSource occupied a newly constructed company-owned headquarters in the Gateway area of Springfield in September 2003. In early 2003, PacificSource acquired Manley Services, a third party administrator of COBRA benefits, flexible spending accounts, and health reimbursement arrangements. And in late 2003, the organization acquired Select Benefit Administrators, a third party administrator of self-funded employee benefit plans. These acquisitions enhance PacificSource's position as a market leader and a source for innovative benefit solutions. PacificSource currently serves over 145,000 members and contracts with more than 9,000 healthcare providers. It employs 220 people and processes more than $22 million in claims each month. With its 70-year history and reputation for service excellence, PacificSource is known throughout Oregon as the preferred insurer for service, choice, innovation, and value.