Actuarial Development Program

Job Description

Actuarial Analyst (Actuarial Development Program) | Transamerica

The Tone:
This is a full-time, early career role at Transamerica, located hybrid in Cedar Rapids, IA. Transamerica is a financial services company that offers insurance, retirement, and investment solutions, aiming to help people achieve financial freedom and plan for their best lives. This role is crucial because a wide range of important company decisions, from risk management to product development, rely on sound actuarial projections and professional opinions. You will play a key part in supporting these decisions by analyzing data and contributing to the company’s financial stability and growth.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid in Cedar Rapids, IA

• Mission: This role performs actuarial analysis and modeling to support risk management and product development, helping the company make sound financial decisions.
• Tech Stack: Microsoft Excel

What You’ll Actually Do
• Analyze Data: Perform actuarial research, experience studies, statistical analyses, and modeling to help manage company risk.
• Develop Products: Contribute to the development and enhancement of products by presenting analysis, forecasting, and assessing industry trends.
• Compile Reports: Compile and categorize data, assisting in the preparation of statistical schedules, financial statements, and other actuarial information.
• Run Models: Input data and operate pricing, reserving, or asset/liability models, documenting and verifying computations.
• Develop Expertise: Gain detailed exposure to various actuarial career paths through a rotational program, learning and applying actuarial techniques.

The Must-Haves
• Background: Bachelor’s or Master’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field.
• Experience: Previous internship in actuarial science or a related field, completion of 1 actuarial exam, and active participation in the Actuarial Student Program with intent to pursue FSA.
• Skills: Ability to interpret complex analytical data; strong verbal and written communication of advanced mathematical and analytical concepts; advanced computer skills including Microsoft Excel; ability to work effectively under pressure and time constraints.
• Bonus: Advanced organizational, project management, and problem-solving skills; programming skills.