Transamerica Internship – Actuary – Summer 2018 in Cedar Rapids, Iowa

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Job Description SummaryCompany InformationTransamerica Life Insurance Company, an AEGON company, is a leader in the worldwide insurance industry for over 40 years. AEGON is an international pension, insurance and financial services organization. Transamerica is headquartered in Cedar Rapids, IA, and has locations throughout the United States.Transamerica 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

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, the Actuarial Development Program (ADP) employs around 40 actuarial interns. Of these, approximately 15 are employed at the Cedar Rapids, IA, location, 15 at the Baltimore, MD, or Exton, PA, locations, and 10 at other locations such as, Plano, TX and St. Petersburg, FL.

Responsibilities:

Typical assignments in the Actuarial field include introduction to the business in the areas of product development, financial reporting or risk management. This is a temporary position. Projects may include:

  • Translating product specifications into valuation assumptions for new products.

  • Assisting in statutory, GAAP, and tax valuation and other miscellaneous reserving requirements.

  • Aiding in the preparation of the actuarial portions of the financial statements and federal income tax returns.

  • Building and running computer asset/liability models using actuarial modeling software.

  • Assessing current and new product designs for feasibility in the marketplace.

  • Pricing of new and existing product designs to ensure that Division profit goals are met.

  • Assist with quarterly ALM risk profiles, investment income budget, regulatory cash flow testing and other valuation.

  • Assist in consolidation and analysis of cash flow testing and value added submissions.

  • Compile data for experience analyses and prepare related reports.

  • Automate existing 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 least one SOA exam by the time of their internship. Candidates may not require sponsorship 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 is beneficial.

  • 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

How to Apply

To apply for this position, please follow the online application process. Be sure to fully complete the form and include your resume. Please also indicate any location preference you may have (Cedar Rapids, Baltimore, Exton, Plano, St. Petersburg) or indicate “any location”. If you experience technical problems during the application process, please email applicantsupport@aegonusa.com.

Why Work for Us

Total Rewards at Transamerica: It’s more than a paycheck.

Our comprehensive Total Rewards package is designed to help support you in many ways — throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind… to help you live your best life, grow personally and professionally - and feel valued for the work you do.

Learn more about our Total Rewards Package.

Equal Opportunity Employer:

Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance:

If you experience technical problems during the application process, please email applicantsupport@transamerica.com.

At Transamerica, hard work, innovative thinking and personal accountability are qualities that we honor and reward. We understand the potential that is unleashed by 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 focused on helping customers secure their long-term financial futures.

Transamerica is a part of AEGON, an international life insurance, pension, and asset management company. The AEGON companies employ approximately 28,000 people and have a strong presence in more than 20 countries across the globe. For more information, visit www.transamerica.com.