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Aegon Asset Management Actuarial Internship (Summer 2022) in Cedar Rapids, Iowa

Job FamilyAdministrative Services

Job Description SummaryTransamerica'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.Job Description

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

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 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

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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 (https://www.transamerica.com/individual/about-us/careers/benefits/) .

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.

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.

Ontario Applicants:

Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA"). 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.

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