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Job Description Summary

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 willneverrequest personal information such as ID or payment for equipment upfront.

• Official offers are sent viaDocuSignfollowing a verbal offer-not through text or email.

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