Actuarial Analyst (Actuarial Development Program) - December 2026 Grads/May 2027 Grads

Transamerica•Cedar Rapids, IA

2d•Hybrid

About The Position

The Actuarial Development Program is open to recent graduates and will start in either January 2027 or June 2027 depending on graduation dates. Participants of the 2027 Actuarial Development Program will gain a detailed exposure and understanding of the various careers paths related to actuarial science. In each of the rotations, individuals will be responsible but not limited to the following tasks: Compiles and categorizes data in support of actuarial-related studies, projects or reports. Assists in preparing schedules of statistics, financial statements, premiums, reserves and benefits or other actuarial information. Documents and verifies the information used in computations. Inputs data and runs pricing, reserving, or asset/liability models. Learns and applies various actuarial techniques and procedures in the course of work, while developing an understanding of the company's products and actuarial methodology.

Requirements

Previous internship in actuary science or related field.
Bachelor's or Master's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field.
Must have completed 1 actuarial exam.
Must be an active participant in the Actuarial Student Program, taking additional exams for FSA.
Must be able to interpret complex analytical data.
Communicates, both verbally and in writing, advanced mathematical and analytical concepts.
Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
Advanced computer skills, including Microsoft Excel.
Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes.
At this time, this role is not eligible for immigration-related employment authorization sponsorship.

Nice To Haves

Advanced organizational, project management, and problem-solving skills.
Programming skills.

Responsibilities

Perform actuarial research, experience studies, statistical analyses, calculations, modeling and audits.
Analyze data to support decisions that allow the company to properly manage its risk.
Extract and analyze premium and loss data, using computer and statistical programs, evaluating results for reasonability and communicating observations to various teams to help achieve bottom-line goals.
Develop and enhance products, presenting analysis, forecasting, and assessing industry trends.
Work well as an individual while serving as a key member of the team, as a wide range of important decisions are based on actuarial projections and professional opinions.
Grow and develop through the company rotational program while progressing through SOA exams working toward Fellowship of the Society of Actuaries (FSA) designation.
Compiles and categorizes data in support of actuarial-related studies, projects or reports.
Assists in preparing schedules of statistics, financial statements, premiums, reserves and benefits or other actuarial information.
Documents and verifies the information used in computations.
Inputs data and runs pricing, reserving, or asset/liability models.
Learns and applies various actuarial techniques and procedures in the course of work, while developing an understanding of the company's products and actuarial methodology.

Benefits

SOA exam fees and study materials covered 100%
Paid study time provided during the workweek
Competitive compensation
Pay increase on successful completion of each exam
Rotate through the business to gain in-depth knowledge of the field
Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs