- Compile data for experience analyses and prepare related reports
- Assessing current and new product designs for feasibility in the marketplace
- Translating product specifications into valuation assumptions for new products
- Pricing of new and existing product designs to ensure that Division profit goals are met
- Assisting in statutory, GAAP, and tax valuation and other miscellaneous reserving requirements
- Assist with quarterly ALM risk profiles, investment income budget, regulatory reserve adequacy testing and determination, and other actuarial valuation
- Building and running computer asset/liability models using actuarial modeling software
- Conversion of existing actuarial systems to new platforms
- Automate processes by writing programs or macros
Qualifications:
We 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 detail.
- Strong written and oral communication skills.
- Desire to work in a team environment.
- Knowledge of MS Excel or other spreadsheet applications.
- Knowledge of at least one computer programming language and/or Visual Basic.
- Knowledge of R, Python, or similar database applications.
- Familiarity with MS Access or other database applications is preferred.
- Previous or current leadership experience is preferred.
Working Conditions
- Hybrid and/or remote environment
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.
Compensation:
**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 hourly wage for this position generally ranges between $23 - $28 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.
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Working at
Aegon
Aegon is a prominent global leader in the insurance and financial services industry, with a strong presence in over 20 countries. With a rich history spanning more than 175 years, Aegon has established itself as a trusted provider of innovative and reliable solutions to meet the diverse needs of its customers. As an actuary at Aegon, you will be an integral part of a dynamic team that drives the company's success through comprehensive risk assessment and management. Aegon values the expertise and insights of its actuaries, who utilize advanced analytical tools and methodologies to evaluate risks, develop pricing strategies, and ensure the financial stability of the company. With a diverse portfolio encompassing life and health insurance, retirement planning, and asset management solutions, Aegon offers actuaries a wide range of opportunities to apply their skills and make a meaningful impact. Collaborating with talented professionals, you will work on complex projects and contribute to the company's growth. Aegon is committed to nurturing professional development and provides actuaries with ongoing training and support to enhance their skills and expertise. The company fosters a culture of innovation, encouraging employees to bring forth fresh ideas and drive positive change. Join Aegon's esteemed actuarial team and embark on a fulfilling career where you can contribute to the financial security and well-being of individuals and businesses worldwide. Experience a stimulating work environment, competitive benefits, and the opportunity to shape the future of the insurance industry.