Actuarial Intern (Summer 2027)

About this role

Job Family Administrative Services About Us  

  At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.   

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.  

Who We Are  

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life .   

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.  

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.  

What We Do  

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate , which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.  

Transamerica employs nearly 7 ,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. * For more information, visit transamerica.com .   

Job Description Summary 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. 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 will work hybrid in Baltimore, MD, Cedar Rapids, IA, or Philadelphia, PA. Specific location will be decided based on business needs.

• Tuesday, Wednesday, and Thursday will be in office; Monday and Friday will be work from home days.

Compensation: The salary for this position generally ranges between $24.00 - 29.00 per hour.   Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Full-time interns will receive an intern allowance to offset costs associated with relocation, housing, parking/transit, and/or mileage.

Sponsorship: 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.

Disclaimer: Beware of fake job offers! We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note: • We will   never   request personal information such as ID or payment for equipment upfront.

• Official offers are sent via   DocuSign   followin

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