Actuarial Development Program
Program features
The Actuarial Development Program at Independence Blue Cross (IBX) is a unique career development opportunity designed to:
- Promote a well-rounded actuary
- Develop a sense of community via networking and sharing of best practices
- Promote successful attainment of the Fellow of the Society of Actuaries (FSA) designation
- Provide associates with a career development opportunity in the actuarial field
- Develop and retain a professional actuarial staff
The Actuarial Development Program offers:
- Rotations throughout the Actuarial Department
- Salary and grade-level increases based on progress and exams passed
- Payment for many of the fees and material costs associated with attaining FSA designation, including examination registration fees, study materials, and seminar expenses
- Review sessions with managers and the program facilitator
- Time at work to study and flexible work schedules for scheduling actuarial exams and other continuing education opportunities
- Expense reimbursement
The Actuarial Development Program’s summer internship is a 10-week paid internship.
Eligibility requirements
Applicants for the program must be pursuing a degree in Actuarial Services, Mathematics, Statistics, Economics, or a related field or equivalent work experience and have:
- Completed at least one Society of Actuaries Actuarial Exam
- Strong mathematical and analytical skills
- Strong personal computer skills
- Familiarity with database programs such as Access
- Familiarity with spreadsheet programs such as MS Excel
- Ability to work independently and as part of a team
2025 program dates and details
- Application period: August – September 2024
- Interviews: September – October 2024
- Program start date: June 2, 2025
- Program end date: August 8, 2025
- Work hours: Monday – Friday, 8:30 a.m. – 5 p.m. (37.5 hours per week)
Questions?
Email EarlyCareerTalent@ibx.com for more information.
As a member of IBX’s Actuarial Development Program, I had the opportunity to begin my career in the department’s rotation program. During these rotations, I experienced working on different teams in the Actuarial Department and developed a better view of the work we do to support the company’s goals. I also had the support of my managers throughout the actuarial exam process, which helped me to balance the time I spent on work and on studying. With that support, I was able to progress through the actuarial exams, attain my professional credentials, and eventually move to a management position over my 10+ years at IBX.
— John Cipolla, Manager & Actuary
The Actuarial Internship Program at IBX is designed to help students begin to develop the skills they will need as actuaries. Over the course of the summer, interns interact with actuaries from across the different actuarial disciplines of Pricing, Reserving, and Medical Cost. The interns are given opportunities to develop technical skills (e.g., software such as Excel, Big Query, R), communication, and teamwork skills, all while enhancing business knowledge and applying analytical skills to the assignments.
Many of our interns join us on a full-time basis after they graduate.
— Hugh Lakshman, Director & Actuary