Job Family
ActuarialAbout Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential 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 — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information, visit www.transamerica.com.
Who We Are
Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services.
What We Do
Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology).
Job Description Summary
Join 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.
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
The Salary for this position generally ranges between $65,000 - $75,000 annually/per hour. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
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 Employees
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 service 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)
* As of December 31, 2022
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, 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. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 29.5 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. 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.
Working at
Transamerica
Transamerica is a renowned and established financial services company with a rich heritage spanning over a century. As a trusted industry leader, Transamerica offers a comprehensive range of insurance and investment solutions to individuals and businesses across the United States. Actuaries at Transamerica play a vital role in assessing and managing risks, analyzing complex data, and ensuring the financial stability of the company's products. With a strong emphasis on innovation and leveraging cutting-edge technology, Transamerica provides actuaries with a dynamic and rewarding work environment. Collaborating with a diverse team of professionals, actuaries at Transamerica have the opportunity to work on challenging projects and contribute to the development of innovative solutions. The company values professional growth and invests in the ongoing training and career advancement of its actuaries. Transamerica's actuarial team benefits from a supportive work culture that fosters collaboration, creativity, and continuous learning. Actuaries at Transamerica have the chance to make a meaningful impact by helping individuals and businesses achieve financial security and success. Join Transamerica's esteemed actuarial team and embark on a fulfilling career where you can apply your skills, gain valuable experience, and contribute to the financial well-being of customers while enjoying competitive benefits and professional growth opportunities.