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Actuarial Development Program Jobs (NOW HIRING)

Arkansas Blue Cross

Actuarial Analyst

... Development Program. • Prepares and distributes established reports for decision-makers throught ... filings, actuarial models, and other requests as assigned. • Updates rating model factors ...

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$51K

$113.7K

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How much do actuarial development program jobs pay per year?

As of May 31, 2026, the average yearly pay for actuarial development program in the United States is $113,678.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $127,000.00 per year, depending on experience, location, and employer.

What is an Actuarial Development Program job?

An Actuarial Development Program (ADP) is a structured early-career program designed for aspiring actuaries. It typically offers rotational assignments across different actuarial teams, allowing participants to gain diverse experience in risk assessment, pricing, reserving, and financial modeling. These programs often provide study support for actuarial exams, mentorship, and professional development opportunities. The goal is to help candidates build technical skills, industry knowledge, and leadership abilities while progressing toward actuarial certification.

What are the key skills and qualifications needed to thrive in the Actuarial Development Program position, and why are they important?

To thrive in an Actuarial Development Program, you need strong analytical and mathematical skills, typically supported by a degree in actuarial science, mathematics, statistics, or a related field. Proficiency in data analysis tools such as Excel, SAS, or R, and progress towards actuarial exams through the Society of Actuaries or Casualty Actuarial Society, are essential. Effective communication, teamwork, and problem-solving abilities are crucial soft skills for collaborating with diverse teams and explaining complex findings. These skills and qualifications are important to ensure accurate risk assessment, support sound business decisions, and accelerate professional growth within the actuarial field.

What kinds of career growth can participants expect from an Actuarial Development Program?

An Actuarial Development Program is designed to foster both professional and personal growth by providing structured exam support, mentorship, and rotational assignments across various actuarial functions such as pricing, reserving, and forecasting. Participants are typically given dedicated study time and financial assistance for actuarial exams, which accelerates their progression toward full actuarial credentials. Successful candidates often advance to senior actuarial analyst or associate roles and eventually into leadership positions, depending on performance and exam completion. The program also helps build a strong professional network and develops a broad understanding of the insurance or financial industry, making graduates highly competitive for future advancement.
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Actuarial Development Program jobs near you
Infographic showing various Actuarial Development Program job openings in the United States as of May 2026, with employment types broken down into 1% As Needed, 78% Full Time, 20% Part Time, and 1% Temporary. Highlights an 25% Hybrid, and 75% Remote job distribution, with an average salary of $113,678 per year, or $54.7 per hour.
Actuarial Analyst

Actuarial Analyst

Blue Cross and Blue Shield of North Carolina

Boise, ID

$81.07K - $129.71K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Posted 24 days ago

Blue Cross and Blue Shield of North Carolina rating

7.8

Company rating: 7.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

163rd of 259 rated insurance

Job description

Job Description

Join our team as an Actuarial Analyst, where you will use your expertise in mathematics, probability, statistics, and business principles to support a variety of actuarial functions, including rating and pricing, valuation, healthcare economics, and financial forecasting. Working closely with a team of actuaries, you will contribute to the actuarial aspects of health programs, ensuring a collaborative and comprehensive approach. You will also provide technical support and guidance to key departments such as Network Management, Underwriting, Sales and Marketing, and Finance, helping to drive informed decisions and organizational success.

What You'll Do

  • Performs actuarial research, experience studies, and statistical analyses and calculations.

  • Calculates premiums and reserves of new and existing plans of insurance.

  • Provides support to senior analysts or actuaries as required.

  • Retrieves and validates data for rate filings and actuarial models. Builds model enhancements and determines reasons for changes to calculated factors. Analyzes impacts of changes to product lines and segments.

  • Communicates filing status to internal stakeholders and transmits rate filings to regulatory agencies (NCDOI, CMS).

  • Retrieves and validates data for monthly reports and for UCL and ALR calculation.

  • Supports valuation by executing ALR model and verifying results. Researches to support ALR assumption studies and UCL estimates.

  • Distributes established reports and responds to inquiries. Investigates trends and anomalies.

  • Executes control activities to support Enterprise Risk Management.

  • Provides analytic support for corporate and departmental projects.

  • Is a participant in good standing in the Actuarial Development Program

What You Bring

  • Bachelor's degree or advanced degree (where required)

  • 2+ years of relevant actuarial experience. Related experience may be considered.

  • Must have completed at least 3 exams towards the eventual attainment of the ASA designation.

  • In lieu of meeting minimum exam requirements, may consider additional relevant experience.

  • In lieu of meeting minimum experience requirements, may consider ASA or more exams towards the eventual attainment of the ASA.

Bonus Points

  • Experience in Medicare Part D pricing preferred

  • Some experience and technical skills with drug trend modeling and lossofexclusivity (patent loss) forecasting

  • Analytics skills, especially around Prescription drugs modeling

What You'll Get

  • The opportunity to work at thecutting edgeof health care delivery with a teamthat'sdeeply invested in the community.

  • Work-life balance, flexibility, and the autonomy to dogreat work

  • Medical, dental, and vision coverage along withnumeroushealth and wellness programs.

  • Parental leave and support plus adoption and surrogacyassistance

  • Career development programs and tuition reimbursement for continued education

  • 401k match including an annual company contribution

  • Learn more

Salary Range

At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs.Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.

*Based on annual corporate goal achievement and individual performance.

$81,068.00 - $129,708.00

Skills

Actuarial Analysis, Actuarial Science, Analytical Support, Data Analysis, Data Verification, Experience Studies, Report Processing, Reports Analysis, Research Analysis, Researching

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JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC. If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: HR.Staffing@BCBSNC.com.

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