Actuarial Development Program (December 2023 Grads / Entry Level)

Job Family

Actuarial

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential 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 — 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. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

Join our Actuarial Development Program (ADP) and kickstart your career in actuarial science through education and hands-on experience within our life, annuity, corporate, pension, and investment divisions. Participants rotate to a new area every 18 to 24 months to gain experience with valuation, pricing and product development, asset/liability management, risk management, modeling, and financial reporting.

Job Description

The Actuarial Development Program is open to recent graduates and individuals looking to start their career as an Actuary.

Participants of both the January and June 2024 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.
• Must be eligible to work in the US & not require sponsorship for Visa Employment Status.

Preferred Qualifications

• Advanced organizational, project management, and probl