Actuarial Development Program

Transamerica; Cedar Rapids (IA); Hybrid; USD 60,000 - 85,000; Full time

Job summary

Transamerica in Cedar Rapids, IA is seeking an Actuarial Analyst for its Actuarial Development Program. This full-time, hybrid role supports risk management and product development by performing actuarial analysis and modeling.

You will gain rotations across actuarial careers, enhancing skills in forecasting and data interpretation, with emphasis on Excel and rigorous communication. The program is designed for early career professionals with a bachelor's or master's in actuarial science or a

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics or related field.
• Internship in actuarial science or related field; completion of 1 actuarial exam and involvement in the Actuarial Student Program.
• Strong verbal and written communication of advanced mathematical and analytical concepts.
• Advanced organizational, project management, and problem-solving skills; programming skills bonus.

Responsibilities

• Analyze data and perform actuarial research, experience studies, statistics, and modeling to support risk management.
• Develop products by presenting analysis, forecasting, and assessing industry trends.
• Compile and categorize data for statistical schedules, financial statements, and other actuarial information.
• Run pricing, reserving, or asset/liability models, documenting computations.
• Gain exposure to various actuarial career paths through a rotational program.

Skills

Microsoft Excel

Education

Bachelor's or Master's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field

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.