Actuarial Analyst (Level 6) - Entry Level

Transamerica; Cedar Rapids (IA); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

SOA exam fees covered

Paid study time

Competitive compensation

Job summary

Transamerica is offering an Actuarial Development Program for recent graduates and individuals eager to start a career as an Actuary. Participants will acquire comprehensive exposure to various career paths within actuarial science while developing through rotations that encompass key responsibilities in data analysis and actuarial methodology.

Key benefits include coverage of SOA exam fees, paid study time, and competitive compensation based on exams completed. The role requires a Bachelor’s or Master’s in a relevant field and at least one completed actuarial exam.

Qualifications

• Previous internship in actuarial science or related field.
• Must have completed 1 actuarial exam.
• Must be an active participant in the Actuarial Student Program.

Responsibilities

• Compiles and categorizes data in support of actuarial studies.
• Assists in preparing schedules of statistics and financial statements.
• Documents and verifies the information used in computations.

Skills

Analytical skills

Actuarial techniques understanding

Advanced computer skills

Communication skills

Project management

Education

Bachelor's or Master's Degree in Actuarial Science or related field

Tools

Microsoft Excel

Job description

Job Description Summary

Perform actuarial research, experience studies, statistical analyses, calculations, modeling and audits. Analyze data to support decisions that allow the company to properly manage its risk. Extract and analyze premium and loss data, using computer and statistical programs, evaluating results for reasonability and communicating observations to various teams to help achieve bottom-line goals. Develop and enhance products, presenting analysis, forecasting, and assessing industry trends. Work well as an individual while serving as a key member of the team, as a wide range of important decisions are based on actuarial projections and professional opinions. As an actuarial student, grow and develop through the company rotational program while progressing through SOA exams working toward Fellowship of the Society of Actuaries (FSA) designation.

Job Description

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

Participants of the 2026 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:

Responsibilities

• 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.

Preferred Qualifications

• Advanced organizational, project management, and problem-solving skills.
• Programming skills.

Working Conditions

• Hybrid in Cedar Rapids, IA. Employees work Tuesday - Thursday in office and Mondays and Fridays at home.

Legal / EEO Statement

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.