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Actuarial Training Program Jobs (NOW HIRING)

Northwestern Mutual

Assistant Actuary

Milwaukee, WI · Hybrid

$175.76K/yr

Summary Hybrid role in Milwaukee part of Northwestern Mutual's Actuarial Leadership Development Program. In this rotational role, individuals will use their actuarial training and background to carry ...

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How much do actuarial training program jobs pay per hour?

As of May 30, 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 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.

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.

More about Actuarial Training Program jobs
What cities are hiring for Actuarial Training Program jobs? Cities with the most Actuarial Training Program job openings:
What states have the most Actuarial Training Program jobs? States with the most job openings for Actuarial Training Program jobs include:
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 May 2026, with employment types broken down into 1% As Needed, 76% Full Time, 19% Part Time, 1% Temporary, and 3% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $36,710 per year, or $17.6 per hour.
Assistant Actuary

Assistant Actuary

Northwestern Mutual Life Insurance Company

Milwaukee, WI • Hybrid

$175.76K/yr

Full-time

Posted 13 days ago

Northwestern Mutual rating

8.0

Company rating: 8.0 out of 10

Based on 71 frontline employees who took The Breakroom Quiz

146th of 259 rated insurance

Job description

Summary

Hybrid role in Milwaukee part of Northwestern Mutual's Actuarial Leadership Development Program. In this rotational role, individuals will use their actuarial training and background to carry out in-depth analysis of a wide variety of business issues. Typical activities may include development of complex actuarial models, pricing one of many insurance product lines, forecasting future financial circumstances, analyzing product experience, assessing regulatory issues, consulting on product or other risk management issues, or providing significant assistance on corporate projects. The result of the work will frequently influence management towards action that can have a sizeable impact on products, markets, underwriting, pricing, risk management, and profitability.

Primary Duties and Responsibilities

  • Investigate and analyze technical issues of an actuarial nature.

  • Assess risk by determining the impact and the financial benefit of varied options.

  • Provide actuarial consultation to internal clients.

Qualifications

  • Undergraduate degree in Actuarial Science, Mathematics, Finance, or related field.

  • Attainment of Associate of the Society of Actuaries (ASA) designation at a minimum.

  • Most candidates will have made progress toward attaining the Fellowship (FSA) designation.

  • A minimum of three years of actuarial experience.

  • Skilled in using software tools that are used for mathematical and/or financial modeling and analysis.

  • Strong communication skills.

  • A strong understanding of the actuarial aspects of NM product lines.

  • A good grasp of risk management issues tied to our products and finances.

#LI-Hybrid

Compensation Range:

Pay Range - Start:

$94,640.00

Pay Range - End:

$175,760.00

Geographic Specific Pay Structure:

Structure 110:

Structure 115:

We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!

Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

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About Northwestern Mutual

Sourced by ZipRecruiter

Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation, and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

Milwaukee, WI, US

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