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Actuary Trainee Jobs (NOW HIRING)

Penn National Insurance

Senior Actuary

Harrisburg, PA · On-site

Supervises Pricing Analyst, actuarial assistant(s), and/or actuarial trainee staff . * Accurately and completely analyzes data and information in order to make recommendations of profitable rate and ...

Penn National Insurance

Senior Actuary

Harrisburg, PA · On-site

Supervises Pricing Analyst, actuarial assistant(s), and/or actuarial trainee staff . * Accurately and completely analyzes data and information in order to make recommendations of profitable rate and ...

Elevance Health

Actuarial Analyst III

Cincinnati, OH · On-site

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Chicago, IL · On-site

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Indianapolis, IN · On-site

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Wilmington, DE

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Indianapolis, IN · On-site

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Iselin, NJ

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Mason, OH

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Denver, CO · On-site

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

Elevance Health

Actuarial Analyst III

Miami, FL

$104K - $170K/yr

Assists in training of actuarial trainees, analysts and specialists. * Coordinates/directs special actuarial projects * Plan Pricing Factors & Compliance Testing: Contribute to the development of ...

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Actuary Trainee information

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How much do actuary trainee jobs pay per hour?

As of Jun 23, 2026, the average hourly pay for actuary trainee 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.

How much does a trainee actuary earn?

A trainee actuary typically earns between $50,000 and $70,000 annually, depending on location, employer, and level of education. Compensation often increases with successful completion of exams and progression toward professional certification such as the Associate of the Society of Actuaries (ASA).

How to get an actuary job with no experience?

To secure an actuary trainee position with no experience, focus on earning relevant certifications such as the SOA or CAS exams, develop strong analytical and Excel skills, and gain related experience through internships or entry-level roles in finance or data analysis. Demonstrating a solid understanding of mathematics, statistics, and problem-solving is essential for entry into the field.

What are Actuary Trainees?

Actuary Trainees are entry-level professionals who are beginning their careers in actuarial science, often working under the supervision of experienced actuaries. They assist in analyzing statistical data and calculating risk to help companies make informed financial and insurance decisions. Actuary Trainees typically study for actuarial exams while gaining practical experience in areas like insurance, pensions, and investments. Their work involves using mathematics, statistics, and financial theory to assess future events and minimize costs associated with risk.

What are the key skills and qualifications needed to thrive as an Actuary Trainee, and why are they important?

To thrive as an Actuary Trainee, you need strong analytical, mathematical, and problem-solving skills, often supported by a degree in mathematics, actuarial science, statistics, or a related field. Familiarity with actuarial modeling software, proficiency in Excel, and progress toward actuarial exams (such as exams from the SOA or CAS) are typically expected. Attention to detail, effective communication, and the ability to work collaboratively are vital soft skills in this role. These skills and qualities are crucial for accurately assessing risk, producing reliable analyses, and supporting decision-making in insurance and finance environments.

What is the difference between Actuary Trainee vs Actuary Analyst?

AspectActuary TraineeActuary Analyst
Required CredentialsTypically pursuing actuarial exams, entry-level certificationsOften has passed initial exams, working towards full credential
Work EnvironmentTraining programs, supervised tasks, learning-focusedMore independent work, applying actuarial skills
Employer & Industry UsageInsurance companies, consulting firms, financial servicesInsurance firms, consulting, pension funds

The main difference between an Actuary Trainee and an Actuary Analyst is the experience level and certification status. Trainees are typically in training, working towards actuarial credentials, while Analysts have passed initial exams and perform more independent analysis. Both roles are common in insurance and financial industries, with Trainees focusing on learning and development, and Analysts applying their skills to real-world problems.

What types of projects and responsibilities can an Actuary Trainee expect in their first year on the job?

As an Actuary Trainee, you can expect to work on a variety of foundational tasks such as data analysis, preparing actuarial reports, assisting with pricing models, and supporting senior actuaries in risk assessments. You'll likely rotate through different teams, gaining exposure to areas like product development, reserving, and financial reporting. Collaboration is key—you'll regularly interact with underwriters, data analysts, and other departments to gather information and contribute to broader projects. This hands-on experience is designed to build your technical and communication skills while supporting your progress through actuarial exams.

What does a trainee actuary do?

A trainee actuary assists with analyzing data, developing models, and performing calculations related to insurance, pensions, or finance. They learn to apply mathematical and statistical methods, often using specialized software, while working under the supervision of experienced actuaries to gain practical experience and work toward professional certification.

Do actuaries make $500,000?

Actuary trainees typically do not earn $500,000; this level of compensation is usually achieved after many years of experience, professional certification (such as ASA or FSA), and senior roles within insurance, consulting, or finance firms. Entry-level salaries for actuary trainees are generally lower, but experienced actuaries with advanced credentials can reach high six-figure or low seven-figure incomes over time.
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Actuary Trainee jobs near you
Infographic showing various Actuary Trainee job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $36,710 per year, or $17.6 per hour.
Actuarial Trainee, Supplemental Health Valuation - REMOTE

Actuarial Trainee, Supplemental Health Valuation - REMOTE

CNO Financial Group

Minneapolis, MN • On-site, Remote

$67K - $100K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

CNO Financial Group rating

9.9

Company rating: 9.9 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

1st of 261 rated insurance

Job description

Job Details

CNO Financial Group, Inc. (NYSE: CNO) is a leading insurance and financial services company focused on securing the future of middleincome America. Through brands such as Bankers Life, Colonial Penn, Optavise, and Washington National, CNO delivers life and health insurance, annuities, financial services, and workforce benefits to more than 3.3 million policyholders, supported by $38.3 billion in total assets.

With a strong financial foundation, national presence, and a culture rooted in integrity, excellence, and peoplefirst values, CNO offers meaningful opportunities for professional growth and impact across its U.S. locations, including its headquarters in Carmel, Indiana.

This position is not eligible for visa sponsorship.

CNO Financial Group is hiring an Actuarial Trainee who is responsible for gathering, preparing, and providing management with actuarial information through specific analyses and reports. The position relates to valuation, projection, and reporting of supplemental health business for CNO insurance companies. Additionally, the position is part of an actuarial student program that will require progression on exams and progress through the actuarial educational system.

Core responsibilities and deliverables:

  • Providing support to actuaries by performing analysis within a business segment

  • Assisting with the preparation of reports and studies

  • Providing clear communication of technical work

  • Performing all other duties as assigned

  • Pursing actuarial exams

What you need (Minimum requirements):

  • Bachelors degree in statistics, mathematics, actuarial science, or related field required.

  • Successful completion of at least one actuarial exam.

  • Experience with spreadsheet, database, and word processing applications.

  • Strong written and verbal communication skills.

What will set you apart (Preferred experience):

  • Candidate location in Central or Eastern US time zone is preferred.

  • Prior experience with PolySystems Actuarial software.

  • Programming experience in SAS, R, Python, or other programming language.

CNO Financial Group offers the following benefits for this position, subject to applicable eligibility requirements:

  • Medical, Dental, and Vision insurance

  • Performance-based bonus or sales incentive

  • 401(k) retirement plan with company match

  • Short-term & long-term disability insurance

  • Paid time off and 10 corporate holidays

  • Paid parental leave

  • Company-paid life insurance

  • Mental & Financial Well-Being resources

Click on this link for additional information.

CNO supports a flexible work environment and encourages Associates to work where they are most productive. This position may work fully remote from any US-based location, provided they are able to work Central or Eastern Time hours. All work must be performed within the United States, and occasional travel to corporate offices may be required.

Associates living within 60 miles of a corporate office (Carmel, IN; Chicago, IL; or Orlando, FL) have access to work from that location as needed.

The stated pay range is based on a national-average location. Actual salary is determined by factors including relevant work experience, skills and location. This position is also eligible for CNO's performance-based annual bonus program.

#LI-CD1

Compensation

Pay Range: $67,000.00 - $100,400.00 Annual

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

CNO Financial Group logo

About CNO Financial Group

Sourced by ZipRecruiter

CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands and supported by our associates and agents. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and more than $35 billion in total assets. Our 3,400 associates, 8,600 exclusive agents and independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. We are financially strong and well positioned for continued growth, and we are grounded in our core values of Diversity, Equity & Inclusion (DE&I); Integrity, Customer Focus, Excellence, and Teamwork. We have offices in more than 260 communities in the U.S., including our headquarters in Carmel, Indiana, and corporate offices in Birmingham, Chicago, Philadelphia, Orlando and Milwaukee. At CNO Financial Group, we're always looking forward-to the security and stability we help create for our insurance brands' customers, and the growth we create within our own company. We're looking for ambitious people who want to do more. We'll provide you with opportunities to grow your skills through challenging professional experiences. If you're looking for a culture that encourages development, helps you reach your potential, and rewards you for your contribution, then CNO Financial Group is right for you. For more information, visit CNOinc.com.

Industry

Insurance services

Company size

5,001 - 10,000 Employees

Headquarters location

Carmel, IN, US

Year founded

1979

Social media

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