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Actuary Development Programs Jobs in Chicago, IL

Health Care Service Corporation

Staff Actuary

Chicago, IL · On-site

$92K - $167K/yr

We empower employees with curated development plans that foster growth and promote rewarding ... program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total ...

Markel International

Senior Actuary

Rosemont, IL · On-site +1

$141K - $194K/yr

Support the development of junior staff by reinforcing actuarial best practices and aligning work ... We offer competitive benefit programs that help meet our diverse and changing environment as well ...

Health Care Service Corp.

Staff Actuary

Chicago, IL · On-site

$93 - $168/hr

We empower employees with curated development plans that foster growth and promote rewarding ... program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total ...

AIG

Actuary & Director - PCS

Chicago, IL · On-site

$159K - $204K/yr

... product development analytics and performance measurement. They collaborate with Marketing ... Act as the point of contact for all filings related review work prepared by our Program ...

Deloitte

Actuarial Consultant

Chicago, IL · On-site

Support business development efforts for Federal and State governments, employer groups, and other ... Bachelor's degree * 2+ years of health actuary experience in consulting and/or health plan ...

Milliman

Associate Actuary - ASA Required

Chicago, IL

$102K - $184K/yr

Development and analysis of experience studies and actuarial assumptions. * Asset adequacy analysis ... Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program of ...

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

Development and analysis of experience studies and actuarial assumptions. * Asset adequacy analysis ... Undergraduate degree in Actuarial Science, or a similar mathematical or quantitative program of ...

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All JobsActuary Development Programs JobsActuary Development Programs Jobs in Chicago, IL

Actuary Development Programs information

See Chicago, IL salary details

$116.4K

$135.8K

$141.6K

How much do actuary development programs jobs pay per year?

As of Aug 22, 2026, the average yearly pay for actuary development programs in Chicago, IL is $135,816.00, according to ZipRecruiter salary data. Most workers in this role earn between $120,000.00 and $141,100.00 per year, depending on experience, location, and employer.

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 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 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 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 Chicago, IL?

For Actuary Development Programs jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Actuary Development Programs jobs in Chicago, IL look for?

The top searched job categories for Actuary Development Programs jobs in Chicago, IL are:

Actuary Development Programs jobs near you
Infographic showing various Actuary Development Programs job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 17% Part Time, and 3% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $135,816 per year, or $65.3 per hour.

Staff Actuary

Health Care Service Corporation

Chicago, IL • On-site

$92K - $167K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 14 days ago

Job description

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.
Join HCSC and be part of a purpose-driven company that will invest in your professional development.
Job Summary
The Staff Actuary uses statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of company decisions or situations. They have an in-depth knowledge of at least one market or business segment and operate with a high level of autonomy for daily purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions. This position can communicate complicated concepts, information, and recommendations regarding process, data, analysis, and results, while catering information to different audiences as needed. As necessary, position manages small projects with limited interaction outside Actuarial department.
Required Job Qualifications:
* Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
* Associate of the Society of Actuaries (ASA) and Membership in the American Academy of Actuaries (MAAA).
* At least 3 years of actuarial experience.
* Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations.
* PC proficiency to include Word and Excel.
Preferred Job Qualifications:
* Access, SQL, Visual Basic or other programming skills.
* Actuarial experience in the health insurance or related field
* Experience in Financial Forecasting and Membership Forecasting
* Actual to Expected Analysis experience
* Experience in Financial Reporting
Please note that this role is HYBRID with an in-office requirement of 3 days a week and VISA sponsorship is NOT available for this role.
#LI-LK1
#LI-Hybrid
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Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!
Pay Transparency Statement:
At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.
The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.
HCSC Employment Statement:
We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.
Base Pay Range
$92,700.00 - $167,500.00
Exact compensation may vary based on skills, experience, and location.

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