Actuarial Intern (Summer 2027

Position: Actuarial Intern (Summer 2027)
Job Family
     Administrative Services
     About Us
     At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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.
     Who We Are
     We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
     Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
     We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do
     Transamerica is organized into three distinct businesses. These include
1) World Financial Group, including Transamerica Financial Advisors,
2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and
3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
     Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.
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Job Description Summary
     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
     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…