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Actuarial Training Program information

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$18

How much do actuarial training program jobs pay per hour?

As of Jun 20, 2026, the average hourly pay for actuarial training program in the United States is $17.65, according to ZipRecruiter salary data. Most workers in this role earn between $17.55 and $17.79 per hour, depending on experience, location, and employer.

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

To thrive in an Actuarial Training Program, you need strong analytical abilities, a solid background in mathematics or statistics, and a relevant degree such as actuarial science, mathematics, or finance. Familiarity with actuarial modeling software (like Excel, SAS, or R), and progress toward or completion of actuarial exams from organizations like the SOA or CAS, are typically expected. Exceptional problem-solving, attention to detail, and effective communication skills help you interpret data and explain findings to non-technical stakeholders. These skills and qualifications are crucial for accurately assessing risk, supporting business decisions, and advancing in the actuarial profession.

What is the difference between Actuarial Training Program vs Actuarial Analyst?

AspectActuarial Training ProgramActuarial Analyst
CredentialsTypically requires a bachelor's degree; pursuing actuarial examsRequires a bachelor's degree; often working towards actuarial exams
Work EnvironmentStructured training, mentorship, rotational assignmentsProject-based, data analysis, reporting tasks
Industry UsageEntry-level program for aspiring actuaries in insurance and financeEntry to mid-level role in insurance, consulting, or finance firms

The Actuarial Training Program is designed to prepare candidates for a career as an actuary through structured learning and rotations. An Actuarial Analyst typically works independently on data analysis and reporting, often after completing initial training. Both roles require similar credentials and are common entry points in the actuarial field, but the training program offers a comprehensive foundation before specializing as an analyst.

What types of projects and responsibilities can I expect as a participant in an Actuarial Training Program?

As a participant in an Actuarial Training Program, you'll typically rotate through multiple departments, gaining hands-on experience in areas such as pricing, reserving, risk analysis, and financial reporting. You'll collaborate with experienced actuaries, analysts, and other business units to solve real-world business problems, prepare reports, and support decision-making processes. Expect to balance technical work—such as data analysis and modeling—with studying for actuarial exams, all while developing your communication and teamwork skills. These programs are designed to provide a comprehensive foundation, preparing you for advancement into specialized or leadership actuarial roles.

What is an Actuarial Training Program?

An Actuarial Training Program is a structured entry-level program designed to prepare individuals for a career as an actuary. It typically combines on-the-job experience with formal study and support for passing actuarial exams. Participants rotate through different departments, gaining exposure to areas such as insurance, pensions, risk management, and data analysis. The program helps develop both technical and professional skills, providing mentorship and guidance for professional growth. Completion of the program often leads to advancement opportunities within the organization.
More about Actuarial Training Program jobs
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What job categories do people searching Actuarial Training Program jobs look for? The top searched job categories for Actuarial Training Program jobs are:
Actuarial Training Program jobs near you
Infographic showing various Actuarial Training Program job openings in the United States as of June 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 70% In-person, 20% Hybrid, and 10% Remote job distribution, with an average salary of $36,710 per year, or $17.6 per hour.
Actuarial Consulting Intern

Actuarial Consulting Intern

Willis Towers Watson (WTW)

Casar, NC

Full-time

Posted 11 days ago

Willis Towers Watson rating

8.2

Company rating: 8.2 out of 10

Based on 41 frontline employees who took The Breakroom Quiz

49th of 138 rated financial services

Job description

The Role

The insurance industry is undergoing significant transformation driven by regulatory changes, technological innovation, and evolving market dynamics. At WTW, we combine advisory expertise with leadingedge technology and strong analytical capabilities to support the world's leading insurance companies.

As an Intern within the Insurance Consulting & Technology (Life) team, you will work alongside experienced consultants on real client projects from day one. You will gain hands-on experience applying analytical skills, interpreting data, and contributing to meaningful business decisions.

This role offers a unique opportunity to build both technical actuarial expertise and business understanding in a dynamic, international, and collaborative environment. You will also benefit from one of the industry's most comprehensive actuarial training and development programs.

Key Responsibilities

  • Support consultants on life actuarial projects for leading insurance clients
  • Analyze data and produce insights to support business decision-making
  • Assist in the development and implementation of financial and actuarial models
  • Perform stochastic modelling and risk analysis to assess financial risks and opportunities
  • Contribute to projects related to: 
    • Financial risk management
    • Capital optimization
    • Product strategy and distribution
    • Regulatory frameworks (including Solvency II)
  • Support corporate finance initiatives such as mergers & acquisitions, restructuring, and securitizations
  • Help improve processes and identify efficiencies within project delivery
  • Prepare technical documentation, reports, and client presentations
  • Support business development activities, including proposals and presentations
  • Build strong internal relationships and gradually engage with client stakeholders

Requirements

  • Currently pursuing a degree or master's in Actuarial Science, Mathematics, Statistics, or a related field
  • Resident in Spain
  • Strong proficiency in English (written and spoken)
  • Additional languages (e.g., French, Italian, Portuguese) are a plus

Key Competencies

  • Proactive and self-motivated, with strong initiative
  • Strong analytical and problem-solving skills
  • Ability to interpret data and draw structured conclusions
  • Conceptual thinking and business-oriented mindset
  • Effective communication skills (written and verbal)
  • Team player with ability to work in a fast-paced environment
  • Strong organizational and time management skills
  • High attention to detail and commitment to quality

Technical Skills

  • Advanced knowledge of Excel (essential)
  • Knowledge of the following is a plus: 
    • VBA / programming
    • Actuarial modelling tools
    • Data analysis tools
    • Databases (e.g., Access)

What We Offer

  • Exposure to real client projects with tangible impact
  • Continuous learning and professional development
  • Hands-on experience with leading actuarial models and methodologies
  • An international and collaborative working environment
  • Potential for future full-time opportunities

Equal Opportunity Employer

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