Actuarial Intern (Summer 2027)

Transamerica•Cedar Rapids, IA

2d•$24 - $29•Hybrid

About The Position

Internships are short-term work experiences for a designated period of time that allow college students the opportunity to observe and participate in the professional work environment, to explore how his/her interests relate to possible careers, and to gain practical experience in an industry relating to their field of study.

Requirements

Freshmen, Sophomores, and Juniors enrolled as full-time students, ideally majoring in Actuarial Science, Mathematics, or Statistics.
Most interns will have already passed at least one SOA exam by the time of their internship.
Strong mathematical skills, analytical skills, initiative, and attention to detail
Strong written and oral communication skills
Desire to work in a team environment
Knowledge of MS Excel or other spreadsheet applications
Knowledge of at least one computer programming language and/or Visual Basic
Knowledge of R, Python, or similar database applications
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.

Nice To Haves

Familiarity with MS Access or other database applications is preferred
Previous or current leadership experience is preferred

Responsibilities

Compile data for experience analyses and prepare related reports
Assessing current and new product designs for feasibility in the marketplace
Translating product specifications into valuation assumptions for new products
Pricing of new and existing product designs to ensure that Division profit goals are met
Assisting in statutory, GAAP, and tax valuation and other miscellaneous reserving requirements
Assist with quarterly ALM risk profiles, investment income budget, regulatory reserve adequacy testing and determination, and other actuarial valuation
Building and running computer asset/liability models using actuarial modeling software
Conversion of existing actuarial systems to new platforms
Automate processes by writing programs or macros

Benefits

Competitive Pay
Bonus for Eligible Employees
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