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. In this role, you will gain insights into how we approach many challenges associated with being one of the nation's leading retailers. This internship also will give you the opportunity to develop industry-related skills in a professional environment, network with Best Buy employees and explore a wide variety of career paths.
This internship will be available from June to August 2026. It is a remote role. If you are local to our corporate campus, you will be asked to come into the office 3 days per week.
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
- Must be pursuing an associate or bachelor's degree from an accredited college or university, graduating between fall 2026-- and spring 2029
- Must be able to work 40 hours a week Monday-Friday between the hours of 8:00am-5pm Central Time Zone
- Must be able to commit to the internship start and end date of 6/1/2026- 8/7/2026
- Must be eligible to work in the U.S. without company sponsorship, now or in the future, for employment-based work authorization (F-1 students with practical training and candidates requiring H-1Bs, TNs, etc., will not be considered)
- 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
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
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.