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Actuary Development Programs Jobs in Indiana (NOW HIRING)

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Actuary Development Programs information

What are Actuary Development Programs?

Actuary Development Programs are structured training initiatives offered by employers—often insurance companies or consulting firms—to help early-career actuaries gain professional experience and pass actuarial exams. These programs typically provide job rotations, mentorship, exam support, and opportunities to work on real-world projects. The goal is to develop well-rounded actuaries who have both technical skills and business acumen. Participants usually receive study time, financial assistance for exam fees, and guidance from experienced actuaries. Completing an actuary development program can accelerate career progression and help participants achieve professional actuarial credentials.

What are the key skills and qualifications needed to thrive in Actuary Development Programs, and why are they important?

To thrive in Actuary Development Programs, you need strong analytical and mathematical skills, a bachelor's degree in a related field, and progress toward actuarial exams. Familiarity with actuarial software, data analysis tools like Excel, and proficiency in programming languages such as Python or R is highly valued. Exceptional problem-solving abilities, attention to detail, and effective communication skills help candidates excel in collaborative and client-facing environments. These skills ensure accuracy in risk assessment and modeling, which are crucial for informed decision-making in insurance and financial industries.

What kinds of projects and responsibilities can participants expect during an Actuary Development Program?

Participants in Actuary Development Programs typically rotate through several departments, working on projects such as pricing insurance products, analyzing risk, forecasting financial outcomes, and assisting with regulatory compliance. These rotations offer exposure to a variety of actuarial functions, allowing participants to develop technical skills and a broad understanding of the business. Collaboration is common, as you'll often work with underwriters, finance professionals, and IT teams. These programs are structured to provide mentorship, study support for actuarial exams, and progressive responsibility to prepare you for advanced actuarial roles.

What is the difference between Actuary Development Programs vs Actuarial Analysts?

AspectActuary Development ProgramsActuarial Analysts
CredentialsTypically pursuing actuarial exams, often with a degree in mathematics or statisticsUsually have completed some exams or are in the early stages of certification
Work EnvironmentStructured training, mentorship, rotational assignments within insurance or finance companiesPerforming data analysis, pricing, reserving, and reporting tasks
Employer & Industry UsageCommon in insurance, reinsurance, and consulting firms for developing future actuariesFound across insurance, pension, and financial services sectors

Actuary Development Programs are designed to train aspiring actuaries through structured learning and rotations, while Actuarial Analysts focus on performing specific actuarial tasks. The programs aim to develop long-term professionals, whereas analysts are often entry-level or early-career roles supporting actuarial teams.

What are popular job titles related to Actuary Development Programs jobs in Indiana? For Actuary Development Programs jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Actuary Development Programs jobs in Indiana look for? The top searched job categories for Actuary Development Programs jobs in Indiana are:
Infographic showing various Actuary Development Programs job openings in Indiana as of June 2026, with employment types broken down into 4% As Needed, 66% Full Time, 13% Part Time, and 17% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution.

System Safety & Reliability Engineer Specialist

Rolls-Royce

Indianapolis, IN • On-site

$98K - $123K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Rolls-Royce rating

9.0

Company rating: 9.0 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

22nd of 419 rated machine equipment manufacturers


Job description

Job Description
Job Title: System Safety & Reliability Engineer Specialist
Working Pattern: Fulltime
Working location: Indianapolis, IN
System Safety & Reliability Engineering ensures that the safety and reliability attributes of our products are understood, and risks are managed to an acceptable level.
This role involves the integration of diverse areas of technical knowledge to create and support complex systems operating under highly challenging conditions. In this position you will support our engineering products throughout their life cycle; working with Design, System, and Service Engineers to ensure our products meet company, customer, and regulatory requirements.
Why Rolls-Royce?
Rolls-Royce is one of the most enduring and iconic brands in the world and has been at the forefront of innovation for over a century. We design, build and service systems that provide critical power to customers where safety and reliability are paramount.
We are proud to be a force for progress, powering, protecting and connecting people everywhere.
We want to ensure that the excellence and ingenuity that has shaped our history continues into our future and we need people like you to come and join us on this journey.
Rolls-Royce has been recognized as the top employer in the Engineering & Manufacturing category on the prestigious Forbes Top Employers for Engineers list for 2025. This ranking highlights our commitment to innovation, employee development, and fostering a collaborative environment where engineers can thrive.
Be part of a team that sets the industry standard and drives groundbreaking solutions.
At Rolls-Royce, we are committed to creating a workplace where all employees feel respected, supported, and empowered to do their best work. We foster a welcoming and innovative work environment that invests in you, giving you access to an incredible breadth and depth of opportunities where you can grow your career and make a difference.
Rolls-Royce is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any protected characteristics.
What you will be doing
With this attractive opportunity you will get a chance to:
  • Serve as the System Safety Lead during New Product Introduction coordinating at all levels within the product program team. Find the solutions that matter to our customers through understanding the solution space that influences the product lifecycle.
  • Understand the product's degradation and failure mechanisms, associated consequences, with the aim to eliminate or reduce product hazards. Develop models that characterize these mechanisms using deterministic or probabilistic/data mining techniques.
  • Assess new and derivative design solutions, product operation and maintenance practices to evaluate the impact on product safety and reliability. Develop and deploy models at component, system, asset, and fleet levels to characterize product safety and reliability. Support the associated part/function classification activities.
  • Support product development and new product introduction phases through Safety & Reliability Engineering analysis and documentation (e.g. FHA, FMECA, System Safety Assessment, Human Factors, etc.).
  • Lead and coach System Safety & Reliability tasks. Provide technical task leadership / consulting to System Safety & Reliability Engineers. Develop S&R methods and tools for the global function.

Who we're looking for:
At Rolls-Royce we put safety first, do the right thing, keep it simple and make a difference. These principles form the behaviours that guide us and are an essential component of our assessment process. They are the fundamental qualities that we seek for all roles.
Basic Requirements:
  • Bachelor's degree in Mechanical or Aerospace Engineering, OR
  • Master's degree in Mechanical or Aerospace Engineering, OR
  • JD/PhD
  • To be considered for this role, you must be a US Citizen

Preferred Requirements:
  • Bachelor's degree in an Engineering Discipline with 5+ years' experience with knowledge of statistics and systems engineering OR
  • Bachelor's degree in Mathematics, Applied Statistics or Actuarial Science with 5+ years' experience with a passion to apply it to product safety and reliability OR
  • Master's degree in Reliability Engineering and 3+ years' experience.
  • You must be a US citizen or permanent resident

What we offer
We offer excellent development opportunities, a competitive salary, and exceptional benefits. These include bonus, employee support assistance and employee discounts.
Your needs are as unique as you are. Hybrid working is a way in which our people can balance their time between the office, home, or another remote location. It's a locally managed and flexed informal discretionary arrangement. As a minimum we're all expected to attend the workplace for collaboration and other specific reasons, on average three days per week.
For fully remote roles, employees can live in any state except Idaho, Nebraska, Nevada, Vermont, and Wyoming.
Relocation assistance is available for this position.
Closing date: June 30, 2026
#CLOLI
Job Category
Engineering for Services
Job Posting Date
09 Jun 2026; 00:06
Pay Range
$122,741 - $199,454-Annually
Location:
Indianapolis, IN
Benefits
Rolls-Royce provides a comprehensive and competitive Total Rewards package that includes base pay and a discretionary bonus plan. Eligible employees may have the opportunity to enroll in other benefits, including health, dental, vision, disability, life and accidental death & dismemberment insurance; a flexible spending account; a health savings account; a 401(k) retirement savings plan with a company match; Employee Assistance Program; Paid Time Off; certain paid holidays; paid parental and family care leave; tuition reimbursement; and a long-term incentive plan. The options available to an employee may vary depending on eligibility factors such as date of hire, employment type, and the applicability of collective bargaining agreements.

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