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What Jennifer Does:
- Look at large group employer groups to see if they are eligible for insurance based on demographics, experience, industry, and location. Once groups are enrolled, we release insurance rates every year based on the above factors as well as trend.
- 1 year 2 months
- Prerequisite jobs held before this job - Interned at BCBS in the actuarial and underwriting department. However, no experience is necessary for this job. They have on-site 6 month training for those individuals with accounting, finance, mathematics, or statistics degrees.
On The Job:
- Underwriters do a lot of predictions as to what we expect future claims of the employer groups to be. We look at a lot of data (ie. Utilization studies, claims data, and diagnosis and prognosis), but a lot of it is left up to underwriting judgment.
- No complex math. Mostly just basic math skills.
- We don’t have too many projects as underwriters. I do go out on client visits though and discuss renewal increases with the group
Background:
- NC State, Mathematics, August 2000 – May 2004
- we deal a lot with percent increases and decreases. Future prediction calculations and comparisons.
- Excel proficiency, data analysis skills, communication skills
- An internship with the National Security Agency the summer before I graduated helped me gain a better idea of what I wanted in a career and how math is applied outside of the classroom. It also demonstrated to potential employers that I could apply my skills beyond the classroom.
Advice:
- I would definitely consider an undergraduate degree in mathematics. You are not limited to teaching or research, and I think that it stands out amongst the more common Business degree. I believe that anyone with a degree in Math could pursue any career in the corporate business world and beyond.