Actuarial Intern (Summer 2027)

Actuarial InternshipInternships 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.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 reportsAssessing current and new product designs for feasibility in the marketplaceTranslating product specifications into valuation assumptions for new productsPricing of new and existing product designs to ensure that Division profit goals are metAssisting in statutory, GAAP, and tax valuation and other miscellaneous reserving requirementsAssist with quarterly ALM risk profiles, investment income budget, regulatory reserve adequacy testing and determination, and other actuarial valuationBuilding and running computer asset/liability models using actuarial modeling softwareConversion of existing actuarial systems to new platformsAutomate processes by writing programs or macrosWe 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 detailStrong written and oral communication skillsDesire to work in a team environmentKnowledge of MS Excel or other spreadsheet applicationsKnowledge of at least one computer programming language and/or Visual BasicKnowledge of R, Python, or similar database applicationsFamiliarity with MS Access or other database applications is preferredPrevious or current leadership experience is preferredWorking Conditions:Interns will work hybrid in Baltimore, MD, Cedar Rapids, IA, or Philadelphia, PA. Specific location will be decided based on business needs.Tuesday, Wednesday, and Thursday will be in office; Monday and Friday will be work from home days.Compensation:The salary for this position generally ranges between $24.00 - 29.00 per hour. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Full-time interns will receive an intern allowance to offset costs associated with relocation, housing, parking/transit, and/or mileage.Sponsorship: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.Disclaimer: Beware of fake job offers!We've been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:We will never request personal information such as ID or payment for equipment upfront.Official offers are sent via DocuSign following a verbal offer—not through text or email. Transamerica