Actuarial Development Program Jobs in Iowa (NOW HIRING)

Job Family
Actuarial
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
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. As an actuarial student, grow and develop through the company rotational program while progressing through SOA exams working toward Fellowship of the Society of Actuaries (FSA) designation.
Job Description
The Actuarial Development Program is open to recent graduates and individuals looking to start their career as an Actuary.
Participants of the 2026 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.

Program 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

Qualifications:

• 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.

Preferred Qualifications:

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

Working Conditions:

• Hybrid in Cedar Rapids, IA. Employees work Tuesday - Thursday in office and Mondays and Fridays at home.

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 following a verbal offer-not through text or email.

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.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits

• 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

Health and Work/Life Balance Benefits

• 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

Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica's Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
* As of December 31, 2023