Job Function: Actuarial Candidate 3 To 5 Exams
1 Result
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Job Type
$95.00 - $115.00
Min Experience
1-2 Years
Min Education
Required Travel
Salary - Type
Yearly Salary
Job Function
Actuarial Candidate - 3 To 5 Exams


General Summary:

The Actuarial Development Program (ADP) at Unum has been in existence for over 40 years, and provided guidance and support to hundreds of actuaries early in their careers. Many have built on the foundation provided by the ADP and grown into executive leaders at Unum and across the insurance industry.

Unum's ADP is built around three key elements:

Targeted development of actuarial, financial and leadership skills
Rotational work assignments to promote broad business awareness
Comprehensive exam support towards the pursuit of Fellowship

Each ADP participant has a unique development plan based on their own abilities, experience and career aspirations. Development opportunities are offered in forums including on-the-job training, classroom training, leadership programs, and speaker series. In addition, all ADP participants have frequent interaction with corporate officers.

Roughly every 18 months, ADP participants rotate to a new area of the business to learn a new product or discipline, gain new perspectives, and continue their development as actuaries. Traditional actuarial rotations take place in areas such as pricing, reserve valuation, and claims risk analysis, but some rotations extend well beyond traditional financial roles.

Unum expects ADP participants to make consistent progress towards Fellowship. The exam process is rigorous, and Unum recognizes this by providing significant assistance and rewards to reflect the commitment required. Our Actuarial Education Program provides company-paid study time, covers the cost of textbooks, study guides, preparatory seminars, and exam fees, and offers generous salary increases for each exam passed.

This is an intermediate level position, which requires increasing technical expertise and decision making. This individual will begin to identify issues and begin participating in project work primarily within the functional area, with mentoring from senior actuaries. Minimum qualifications include passing 4 actuarial exams and having a minimum of 12 months relevant experience. There are no direct reports associated with this position.

Principal Duties and Responsibilities

  • Prepare and analyze complex data for use in actuarial experience studies, valuation, or pricing projects
  • Provide significant support for development of pricing and underwriting tools
  • Develop reserve factors, analyze reserves and monitor reserve changes
  • Develop experience analysis reviews
  • Support maintenance of valuation system
  • Support preparation of financial reports and tax returns
  • Provide increasing support for underwriting case specific questions
  • Contribute to product development and repricing initiatives
  • Begin working with product, underwriting, compliance, risk management, investments and other areas on specific initiatives; communicate project status within functional area
  • Support preparation of state filing packages
  • Assist in training interns and entry level student actuaries
  • Prepare routine reports
  • Expected to pursue membership in the Society of Actuaries through the examination process
  • May perform other duties as assigned


Job Specifications

  • Bachelors Degree required
  • Credit for at least four exams
  • A minimum of 12 months hands-on experience and in-depth knowledge of business analysis, pricing, valuation, ALM or corporate experience
  • Strong problem solving ability and developing project management skills
  • Hands on experience with current technology (excel, one programming language, plus mainframe systems or database utility)
  • Solid written and verbal communication skills
  • Demonstrated leadership ability
Job ID: 72105242

Unum Group, an international provider of workplace benefits and services, has been helping workers and their families for 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support and behavioral health services. With nearly 11,000 employees across the U.S., U.K., and Poland, every role at Unum Group is meaningful to impact our nearly 45 million customers. Whether you’re directly supporting...

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