Actuarial Development Program Jobs in Illinois (NOW HIRING)

Location: Hartford, CT; Blue Belle, PA; Chicago, IL; Atlanta GA

Starting Salary: $74,000 plus exam raises

Sponsorship:

Work visa sponsorship is not available for this role. This includes participation in Curricular Practical Training (CPT), Optional Practical Training (OPT), and F-1 Visa programs.

• Locations: This program has positions available at multiple office locations across the country and offers the flexibility of working 2-3 days in the office (hybrid arrangement). These locations offer you the opportunity to work in offices that have fellow program professionals. Should you accept a position in this program, we will take your preferred office location into consideration and will attempt to accommodate it. Your final work location will be shared with you closer to your start date.

• Office locations available for this program include: Hartford, CT; Atlanta, GA; Blue Belle, PA; Chicago, IL

Our Actuarial organization drives to support business leaders with critical thought partnership and end-to-end accountability for business results. We are focused on growing leaders that specialize in managing risk. As an Actuary within Aetna, a CVS Health company, you will leverage strong analytical skills, business knowledge and understanding of human behavior to support the team in activities related to pricing, reserving, forecasting, data analytics, competitive intelligence, healthcare trend analytics and tracking business results.

The Actuarial Development Program is a full-time, dynamic, 4 1/2 year (minimum) program designed to develop individuals entering the Actuarial field into future leaders. The program provides you with challenging work environments geared toward developing the future financial leaders of Aetna, along-side the support actuarial students need to pass exams and become credentialed actuaries.

The program doesn't just help you develop actuarial skills; it accelerates your overall development. You'll get well-rounded experience and the ability to contribute to the dynamic world of healthcare.

You will participate in:

Each of the four rotations will immerse you in a key business area and help:

• Risk Assessment: Understand the nature of specific risks and share results of analysis with management.

• Rate Filing: Compile and analyze filing data then prepare and submit necessary exhibits for regulatory filings.

• Reserve Analysis: Analyze claim data and monitor reserve levels for appropriateness and demonstrate an understanding of actuarial reserving techniques and issues.

• Planning & Forecasting: Provide technical support and analysis for planning, forecasting, and reporting process.

• Pricing, Trend & Benefit Design: Develop and recommend pricing and trend for product and/or services.

• Technical Proficiency: Develop creative technical solutions to a variety of problems. Demonstrate proficiency with spreadsheets and familiarity with database and web-based applications. Develop and implement appropriate tools and models. Develop and finalize business requirements and/or specifications for processes, tools, and systems.

Relocation: CVS Health follows a hybrid work model providing office-based colleagues the ability to flex between working in the office and working from home based on the work you need to accomplish. Relocation assistance will be provided for candidates that need to move over 50 miles.

Required Qualifications

• Required Qualifications
• Meet educational requirements ( (see education section)
• Have a willingness to relocate to an identified Actuarial hub (Hartford CT, Blue Bell PA, Atlanta, GA or Chicago IL).
• Have passed one actuarial exam by 8/31/2026 (June 2027 hires)
• Have passed one actuarial exam by 8/31/2026 (January 2027 hires)

Preferred Qualifications

• Internship or work experience supporting Actuarial functions of an organization or group area.
• Demonstrated leadership experience. Examples include active roles in student or social organization activities, or sports
• Strong written communication skills
• Have experience with analytical or coding software. Examples include SAS, Python, Excel, VBA, SQL, or R
• Be able to work in a fast-paced environment and meet tight deadlines
• Possess strong analytical and problem resolution skills
• Encourage teamwork and a positive environment to improve team effectiveness
• Be resourceful and can quickly and successfully adapt to change

Education

• Be currently pursuing a Bachelor's or Master's degree
• Have an anticipated graduation date by June 2027
• Have a major, minor or concentration relevant to the position. Examples include: Actuarial Science, Analytics, Data Science, Economics, Engineering, Mathematics, Risk Management, Statistics, or other related degree