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Actuarial Internship (Summer 2025)

Transamerica
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This position would be part of the Insure Your Future program for candidates based in Iowa.

 

Job Description:

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. 

 

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.

 

Working Conditions:

Interns can work hybrid in Cedar Rapids, IA, Baltimore, MD, Denver, CO, or Philadelphia*, PA or fully remote. The Philadelphia office is new but should be open by summer 2025.

 

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 $23 - $28 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.