Actuarial Internship Transamerica

Overview

Actuarial Internship Transamerica

Job Description Summary

Transamerica’s actuarial internship program is a growing and evolving program that provides college students the opportunity to gain true business experience in a hands-on working environment. Annually, actuary teams employ around 35 interns. This is a temporary position of approximately 12 weeks duration, typically starting in late May.

Job Description – Actuarial Internship Transamerica

Typical assignments in the Actuarial function include an introduction to the business, product development, financial reporting, and risk management. Projects may include:

• 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

Qualifications

We are looking for 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. Candidates must not require sponsorship for employment now or in the future. Desired skills include:

• 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.
• Familiarity with MS Access or other database applications is preferred.
• Previous or current leadership experience is preferred.
• Must be eligible to work in the US & not require sponsorship for Visa Employment Status.

Working Conditions

• Office Environment

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

Compensation:

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The hourly wage for this position generally ranges between $20 – $27 per hour.  This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

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