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Internship Actuarial Development Program Jobs in Rochester, NY

Paychex

Actuarial Analyst

Rochester, NY · On-site

$72.10K - $113.41K/yr

Overview Reporting to the Paychex Insurance Actuary, the incumbent will provide health and benefits ... We value your development: Our award-winning training and development programs empower our ...

Paychex

Actuarial Analyst

Rochester, NY · On-site +1

$72.10K - $113.41K/yr

We value your development: Our award-winning training and development programs empower our ... Society of Actuaries Exam Progress At least two Preferred - Preferred Education:

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$13

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How much do internship actuarial development program jobs pay per hour?

As of Jun 3, 2026, the average hourly pay for internship actuarial development program in Rochester, NY is $23.96, according to ZipRecruiter salary data. Most workers in this role earn between $17.31 and $25.14 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Internship Actuarial Development Program participant, and why are they important?

To excel in an Internship Actuarial Development Program, strong analytical abilities, proficiency in mathematics and statistics, and progress toward actuarial exams (such as SOA or CAS) are generally required. Familiarity with actuarial software (like Excel, VBA, SAS, or R) and statistical modeling tools is highly valued. Standout candidates demonstrate problem-solving skills, attention to detail, and effective communication for translating complex data to non-technical stakeholders. These competencies enable interns to contribute meaningful analysis, adapt to challenging tasks, and build a solid foundation for a future actuarial career.

What types of projects or tasks can interns expect to work on during the Actuarial Development Program?

Interns in the Actuarial Development Program typically support experienced actuaries by assisting with data analysis, building and updating actuarial models, and preparing reports for risk assessment and pricing. They may also participate in projects related to insurance product development, financial forecasting, or regulatory compliance. Collaboration with cross-functional teams such as underwriting, finance, and IT is common, offering exposure to different aspects of the business and valuable networking opportunities. These experiences help interns develop both technical and professional skills relevant to a future actuarial career.

What is an Internship Actuarial Development Program?

An Internship Actuarial Development Program is a structured internship designed to give students hands-on experience in the actuarial field, often within insurance or financial services companies. Interns work on real-world projects, such as analyzing data and assessing risk, while learning from experienced actuaries. These programs help participants develop technical and professional skills, and often serve as a pipeline for full-time actuarial positions after graduation. Participants may also receive support in preparing for actuarial exams during the internship.
What are the most commonly searched types of Actuarial Development Program jobs in Rochester, NY? The most popular types of Actuarial Development Program jobs in Rochester, NY are:
What cities near Rochester, NY are hiring for Internship Actuarial Development Program jobs? Cities near Rochester, NY with the most Internship Actuarial Development Program job openings:
Internship Actuarial Development Program jobs near you
Actuarial Analyst

Actuarial Analyst

Paychex

Rochester, NY • On-site

$72.10K - $113.41K/yr

Full-time

Medical, Retirement, PTO

Posted 15 days ago

Paychex rating

7.3

Company rating: 7.3 out of 10

Based on 154 frontline employees who took The Breakroom Quiz

188th of 425 rated business services

Job description

Imagine Your Future with Us! Since 1971, Paychex has been at the forefront of simplifying HR, payroll, and benefits for American businesses. Our digital HR technology and advisory solutions cater to the changing needs of employers and their employees. With our award-winning training and endless opportunities for growth and development, you can build a lifelong career with us. We pride ourselves on fostering an inclusive and innovative culture. Our leaders are here to support your career journey; they and our dedicated employees embody the values that drive us to support each other, our clients, and our communities. Join us to pursue your passion and unleash your potential.
Overview
Reporting to the Paychex Insurance Actuary, the incumbent will provide health and benefits analytical and actuarial services across the enterprise, particularly in support of our PEO segment. This will include but is not limited to data analytics, actuarial projections, and experience reporting to various leadership levels throughout the organization.
Responsibilities
  • Assist with performance assessments of Paychex health insurance programs, IBNR and corporate reserve calculations, and the pricing and financial forecasting of at-risk insurance programs. This may also include assisting in rate renewal negotiations with carriers for guaranteed cost insurance programs.
  • Collaborate with our PEO Benefits, Underwriting, Pricing Desk, and PEO FP&A leadership to evaluate underwriting tools, underwriting performance, carrier performance, client segment performance, loss rates by plan designs, geography, sales district, etc.
  • Contribute to the development of a substantial data analytics/health predictive modeling capability for identifying key performance drivers and action plans to continuously improve performance and competitiveness.

Qualifications
  • Bachelor's Degree in STEM, Economics, Finance, or closely related field - Required
  • in Society of Actuaries Exam Progress- at least two - Preferred
  • 3 years of experience in Actuarial Services, Finance, Mathematics/Statistics, or Data Science.
  • 3 years of experience in Health and Benefits Actuarial (Pricing, Reserving, and/or Financial Forecasting) in a consulting or carrier environment.
  • Society of Actuaries Exam Status Actively pursuing Society of Actuary exams towards Associateship/Fellowship Preferred - Preferred
  • Society of Actuaries Exam Progress At least two Preferred - Preferred

Compensation
In the spirit of pay transparency, we are excited to share that the starting base pay for this position is $72,100 - $113,410 annually. Please keep in mind that this is the base pay only and does not consider other components that make up the total rewards package for the position. If you are hired at Paychex, your overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range.
Live the Paychex Values
  • Act with uncompromising integrity.
  • Provide outstanding service and build trusted relationships.
  • Drive innovation in our products and services and continually improve our processes.
  • Work in partnership and support each other.
  • Be personally accountable and deliver on commitments.
  • Treat each other with respect and dignity.

    • What's in it for you?
    • We value your well-being: We provide over 21 comprehensive rewards, including medical coverage, virtual wellness classes, tuition reimbursement, 401(k) + employer match, adoption assistance, financial assistance, and much more.
    • We value your time: From paid time off to company holidays, culture days, and comprehensive work-life balance programs, we will ensure you have the flexibility you need to be your best.
    • We value your development: Our award-winning training and development programs empower our employees with ongoing learning opportunities to give you the building blocks to grow your career.
    • We value your perspective: Our company culture reflects the diversity of our employees. We want you to be you and your voice to be heard.
    • We value our communities: We offer paid time off for volunteerism and promote many company-wide and local initiatives that benefit organizations you care about.

      • Note: The benefits described apply to full-time employees. Benefits for part-time, contract, and intern roles may vary.
      Not sure if you meet every requirement?
      At Paychex, we know that great talent comes in many forms. If you're passionate about the role but don't check every box, we still encourage you to apply. You might be the right fit - either for this position or another opportunity with us.
      Paychex is an equal opportunity employer. We are committed to fostering a respectful and inclusive workplace where all individuals are treated fairly and evaluated based on their qualifications, experience, and merit. We comply with all applicable federal, state, and local laws prohibiting discrimination in employment.

    What Paychex employees say

    Pay

    Benefits

    Hours and flexibility

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    About Paychex

    Sourced by ZipRecruiter

    Consult with America's businesses, leveraging Paychex key referral channels and partnerships to educate stakeholders on our services, and provide consultative solutions to increase market share and drive revenue.

    Industry

    Human resources consulting services

    Company size

    10,000+ Employees

    Headquarters location

    Rochester, NY, US

    Year founded

    1971

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