Actuarial Development Program (2024 Recent Grads / Entry Level)
Job FamilyActuarial Who We Are Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients' accounts. We're in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture. What We Do Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology). Job Description SummaryJoin our Actuarial Development Program (ADP) and kickstart your career in actuarial science through education and hands-on experience within our life, annuity, corporate, pension, and investment divisions. Participants rotate to a new area every 18 to 24 months to gain experience with valuation, pricing and product development, asset/liability management, risk management, modeling, and financial reporting.Job Description The Actuarial Development Program is open to recent graduates and individuals looking to start their career as an Actuary. Participants of both the January and June 2024 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: - 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. - Must be eligible to work in the US & not require sponsorship for Visa Employment Status. Preferred Qualifications - Advanced organizational, project management, and problem-solving skills. - Programming skills. Working Conditions - Hybrid office environment. Limited travel may be required. 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. What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees . Compensation Benefits - Competitive Pay - Bonus for Eligible Em ployees Benefits Package - Pension Plan - 401k Match - Employee Stock Purchase Plan - Tuition Reimbursement - Disability Insurance - Medical Insurance - Dental Insurance - Vision Insurance - Employee Discounts - Career Training & Development Opportunities Health and Work/Life Balance Benefits - Paid Time Off starting at 160 hours annually for employees in their first year of service. - Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays). - Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars - Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of s ervice at the time of birth, placement of an adopted child, or placement of a foster care child. - Adoption Assistance - Employee Assistance Program - College Coach Program - Back-Up Care Program - PTO for Volunteer Hours - Employee Matching Gifts Program - Employee Resource Groups - Inclusion and Diversity Programs - Employee Recognition Program - Referral Bonus Programs - Peer Recognition Program (BRAVO) Inclusion & Diversity Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign's Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount's "100 Best Companies" list. In addition, as part of Transamerica's commitment to maintaining an inclusive workplace, the company sponsors employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees and provide a supportive environment for raising diversity awareness and promoting inclusive behavior. Giving Back Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work. https://www.transamerica.com/why-transamerica/aegon-transamerica-foundation Transamerica's Parent Company Aegon (http://www.aegon.com/) acquired the Transamerica business in 1999. Aegon's roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions, and asset management. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity. Websites Transamerica | Protecting Your Wealth and Health since 1906 (https://www.transamerica.com/) Aegon Group Corporate Website | Aegon Management Team Transamerica Leadership - Standing For Financial Innovation Since 1906 | Transamerica (https://www.transamerica.com/why-transamerica/leadership) At Transamerica, hard work, innovative thinking and personal accountability are qualities that we honor and reward. We understand the potential that is unleashed by 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 focused on helping customers secure their long-term financial futures. Transamerica is a part of AEGON, an international life insurance, pension, and asset management company. The AEGON companies employ approximately 28,000 people and have a strong presence in more than 20 countries across the globe. For more information, visit www.transamerica.com. For more information about Transamerica's privacy practices, click here. (https://transamerica.com/sites/default/files/files/e070d/job\app\0123.pdf)
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