About this role
Actuarial Analyst Intern
Job Description: The Geek Squad Protection (GSP) actuarial function provides critical analytics and cost management on our warranty reserve portfolios and the related annual written premium. This role is critical to drive costs out of the GSP and Membership warranty models, to enable new innovative product offerings and solutions which drive higher sales and longer-term customer relationships, and to serve as Best Buy's subject matter expert in the business and industry drivers impacting the underwriting and actuarial results within our warranty service contracts business.
This role is highly cross-functional and is a key strategic player in managing the relationship with our 3rd party warranty obligor and underwriter, along with our internal reserve and management, and is expected to achieve strategic and financial outcomes that are mutually acceptable and agreeable between the parties. This internship will also provide you with the opportunity to develop industry-related skills in a professional environment, build your network with Best Buy employees, and explore a wide range of career paths.
This internship will be available from June to August 2027. This role is remote, which means you would work virtually from home or another non-Best Buy location. The recruiter or hiring manager will provide more details during the hiring process.
This internship does not have the potential to lead to a full-time opportunity. This position is not eligible for immigration sponsorship.
Internal Best Buy employees: a limited number of company-sponsored summer housing slots are available near corporate headquarters for hybrid/in-person roles for current Best Buy employees.
What you’ll do • Work closely with the department’s Actuaries to develop and maintain actuarial models • Develop basic underwriting and actuarial skills as you build your knowledge of the Services Warranty business • Identify opportunities for process improvements • Perform root cause analysis • Financial reporting and analysis
Basic qualifications • Must be pursuing an associate or bachelor’s degree from an accredited college or university, graduating between fall 2027 and spring 2030 • Must be able to work 40 hours a week Monday-Friday between the hours of 8:00am-5pm (Central Time) • Must be able to commit to the internship start and end date of 5/31/2027- 8/6/2027
Preferred qualifications • Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, or a related field • Pursuing Actuarial Exams • Computer programming experience (SQL, VBA, other object-oriented languages) • Experience with rate making or P&C actuarial concepts is a plus. • A strong mathematical understanding combined with analytical and modeling skills • Excellent verbal and written communication skills required • Proficiency in Excel
What’s in it for you
We’re committed to helping our people thrive at work and at home. We offer generous benefits that address your total well-being and provide support as you need it, especially key moments in your life.
Our benefits include: • Competitive pay • Generous employee discount • Physical and mental well-being support
Best Buy provides different types of leaves of absence (LOA) and potential pay sources to employees based on eligibility. The length of your LOA depends on your situation, where you live, your full-time or part-time employment status, and federal and state regulations. Intermittent or reduced-schedule leave is also available for certain medical or family care leaves. Paid time off (vacation or PTO) is offered to full-time and part-time employees based on work location, employment status, salary or hourly status (exempt/non-exempt), and years of continued or bridged service.
Certain roles, where market norms demand it, are eligible for various forms of incentive pay to drive performance and offer recognition for achieving financial and strategic results. For more information about our incentive pay plans, including eligibility, please refer to our Incentive Programs Summary.
For more information about benefits, LOA and paid time off, please refer to our Benefits Guide.
About us
As part of the Best Buy team, you’ll help us fulfill our purpose to enrich lives through technology. We bring that to life every day by humanizing and personalizing tech solutions for every stage of life — in our stores, online and in customers’ homes.
Our culture is built on deeply supporting and valuing our amazing employees who make it all possible. We’re committed to being a great place to work, where you can unlock unique career possibilities. Above all, we aim to provide a place where you can bring your full, authentic self to work now and into the future. Tomorrow works here.™
Best Buy is an equal opportunity employer.