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Summer Actuarial Development Program Jobs in Needham, MA

Liberty Mutual

Senior Portfolio Pricing Actuary

Boston, MA · On-site

$120K - $225K/yr

Provide actuarial oversight across the full program lifecycle, including onboarding, ongoing ... This comes to life through comprehensive benefits, workplace flexibility, professional development ...

AIG

Actuary & AVP - Management Liability

Boston, MA

$126K - $148K/yr

Make your mark in Actuarial Our Actuaries are on the front lines, quantifying risk, pricing ... That is why we created our Total Rewards Program, a comprehensive benefits package that extends ...

Deloitte

Life Actuary Consulting Manager

Boston, MA

... development, strategic planning, and actuarial assurance support for selected Deloitte Audit ... You may also be eligible to participate in a discretionary annual incentive program, subject to the ...

Deloitte

Life Actuary Senior Consultant

Boston, MA

... development, financial reporting, modeling, and adjacent actuarial processes * Support the ... You may also be eligible to participate in a discretionary annual incentive program, subject to the ...

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All JobsSummer Actuarial Development Program JobsSummer Actuarial Development Program Jobs in Needham, MA

Summer Actuarial Development Program information

See Needham, MA salary details

$55.6K

$123.8K

$172.1K

How much do summer actuarial development program jobs pay per year?

As of Aug 16, 2026, the average yearly pay for summer actuarial development program in Needham, MA is $123,837.00, according to ZipRecruiter salary data. Most workers in this role earn between $107,300.00 and $138,300.00 per year, depending on experience, location, and employer.

What is the difference between Summer Actuarial Development Program vs Actuarial Analyst?

AspectSummer Actuarial Development ProgramActuarial Analyst
CredentialsTypically students pursuing actuarial exams, no full certification requiredUsually holds or is pursuing actuarial exams, often with a degree in mathematics or related field
Work EnvironmentInternship setting, temporary, focused on training and exposureFull-time role, responsible for ongoing actuarial work and analysis
Employer & Industry UsageUsed by insurance companies, consulting firms during summer internshipsFull-time employment in insurance, consulting, or financial services

The Summer Actuarial Development Program is a temporary internship designed to train aspiring actuaries, while an Actuarial Analyst is a full-time role requiring more experience and ongoing exam progress. The program offers exposure and training, whereas the analyst role involves performing actuarial tasks regularly.

What are popular job titles related to Summer Actuarial Development Program jobs in Needham, MA?

For Summer Actuarial Development Program jobs in Needham, MA, the most frequently searched job titles are:

What job categories do people searching Summer Actuarial Development Program jobs in Needham, MA look for?

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What cities near Needham, MA are hiring for Summer Actuarial Development Program jobs?

Cities near Needham, MA with the most Summer Actuarial Development Program job openings:

Summer Actuarial Development Program jobs near you
Infographic showing various Summer Actuarial Development Program job openings in Needham, MA as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 19% Part Time, 2% Temporary, and 4% Contract. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $123,837 per year, or $59.5 per hour.

Senior Portfolio Pricing Actuary

Liberty Mutual

Boston, MA • On-site

$120K - $225K/yr

Full-time

Posted 4 days ago

Liberty Mutual rating

8.8

Company rating: 8.8 out of 10

Based on 161 frontline employees who took The Breakroom Quiz

47th of 308 rated insurance

Job description

Role Summary

Support the North America Programs and Delegated Authority business's profit and growth objectives by providing end-to-end actuarial ownership and portfolio-level governance for strategic portfolio relationships. North America Programs has been tasked to scale to $1B in GWP by 2030, and this role is a critical enabler of that growth, providing actuarial oversight for strategic portfolio relationships that are typically large and complex in scale and central to the North America Programs and Delegated Authority business.

The Portfolio Actuary partners closely with Underwriting, Exposure Management, Reserving, Finance, Claims, and Operations teams to ensure these select strategic relationships are underwritten to appropriate risk and return standards, and that pricing adequacy and performance monitoring support profitable scale.

Externally, the role is a visible actuarial point of contact with key strategic partners, helping to drive analytical and performance cadence, resolve issues, and strengthen day-to-day engagement across the relationship.

Key Responsibilities

Portfolio Actuarial Ownership

  • Serve as the single point of actuarial accountability for a large program portfolio across regions and functions.
  • Act as a partner across underwriting, exposure management, reserving, and finance to ensure alignment on risk, return, and strategic objectives.

Portfolio Governance & Performance

  • Provide actuarial oversight across the full program lifecycle, including onboarding, ongoing vetting, and forward-looking portfolio planning.
  • Own program- and portfolio-level evaluation of risk, return, and capital efficiency, delivering clear recommendations on pricing adequacy and portfolio mix.
  • Deliver regular monitoring and performance analyses (rate change, loss trends, exposure growth, and market dynamics) to identify issues and opportunities.
  • Provide actuarial support for alternative capital structures, including profitability considerations and reporting requirements.
  • Oversee actuarial evaluation and governance of individual program profit-sharing arrangements.
  • Serve as the primary actuarial liaison with internal and external partners on data flows, reporting, and portfolio analytics.
  • Maintain and enhance portfolio benchmarks, metrics, and reporting frameworks.
  • Provide independent actuarial vetting of all new program opportunities to ensure disciplined growth and adherence to target return thresholds.

  • Bachelor's degree required
  • Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or comparable education/designation with relevant experience.
  • Minimum 5-7 years relevant experience required.
  • Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
  • Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
  • Ability to motivate and mentor peers and motivate and train subordinates.
  • Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.
  • Familiarity with programs/delegated authority business, alternative capital structures, and/or Lloyd's/London market strongly preferred.
  • Advanced communication skills: demonstrated ability to convey complex information clearly and concisely, and to influence senior management and stakeholders across regions and functions.
  • Ability to lead independently and operate with accountability across a complex, global, multi-stakeholder portfolio.
  • Ability to develop creative solutions to unique and complex problems, often when data is limited.
  • Ability to drive teamwork and collaboration across departments, functions, and geographies.
  • Ability to establish and build effective relationships within and outside the organization.

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices

  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco

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About Liberty Mutual

Sourced by ZipRecruiter

Since 1912, we've grown into the fifth largest global property and casualty insurer based on 2022 gross written premium. We also rank 86 on the Fortune 100 list of largest corporations in the US based on 2022 revenue. ​At Liberty Mutual Insurance we work hard every day to support our customers and our people, so they can protect their families, build their businesses and invest in their futures. We are headquartered in Boston, but our people, our customers and our reach span the globe. So to better serve our global customers and employees, we are organized into three business units.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

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