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Sept. 16 Act Sci Event: Actuarial Internship

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 35 actuarial interns. This is a temporary position of approximately 12 weeks duration, typically starting in late May.

Typical assignments in the Actuarial function include 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
  • Additional Job Description
  • Additional Job Description

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 must not require sponsorship for employment 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.
  • 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