Actuarial Analyst (Actuarial Development Program) - December 2026 Grads/May 2027 Grads

Job Family

Actuarial

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life .

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate , which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7 ,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. * For more information, visit transamerica.com .

Job Description Summary
Perform actuarial research, experience studies, statistical analyses, calculations, modeling and audits. Analyze data to support decisions that allow the company to properly manage its risk. Extract and analyze premium and loss data, using computer and statistical programs, evaluating results for reasonability and communicating observations to various teams to help achieve bottom-line goals. Develop and enhance products, presenting analysis, forecasting, and assessing industry trends. Work well as an individual while serving as a key member of the team, as a wide range of important decisions are based on actuarial projections and professional opinions. As an actuarial student, grow and develop through the company rotational program while progressing through SOA exams working toward Fellowship of the Society of Actuaries (FSA) designation.

Job Description

The Actuarial Development Program is open to recent graduates and will start in either January 2027 or June 2027 depending on graduation dates.

Participants of the 2027 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:

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Compiles and categorizes data in support of actuarial-related studies, projects or reports.

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Assists in preparing schedules of statistics, financial statements, premiums, reserves and benefits or other actuarial information.

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Documents and verifies the information used in computations.

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Inputs data and runs pricing, reserving, or asset/liability models.

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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

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SOA exam fees and study materials covered 100%

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Paid study time provided during the workweek

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Competitive compensation - pay increase on successful completion of each exam

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Rotate through the business to gain in-depth knowledge of the field

Qualifications

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Previous internship in actuary science or related field.

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

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Must have completed 1 actuarial exam.

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Must be an active participant in the Actuarial Student Program, taking additional exams for FSA.

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Must be able to interpret complex analytical data.

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Communicates, both verbally and in writing, advanced mathematical and analytical concepts.

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Works well under pressure and within time constraints to effectively accomplish individual and team objectives.

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Advanced computer skills, including Microsoft Excel.

Preferred Qualifications

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Advanced organizational, project management, and problem-solving skills.

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Programming skills.

Working Conditions

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Hybrid in Cedar Rapids, IA

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Tuesday, Wednesday, and Thursday will be in office; Monday and Friday will be work from home days.

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:

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We will   never   request personal information such as ID or payment for equipment upfront.

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Official offers are sent via   DocuSign   following a verbal offer—not through text or email.

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

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Competitive Pay

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Bonus for Eligible Employees

Benefits Package

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Pension Plan

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401k Match

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Employee Stock Purchase Plan

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Tuition Reimbursement

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Disability Insurance

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Medical Insurance

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Dental Insurance

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Vision Insurance

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Employee Discounts

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Career Training & Development Opportunities

Health and Work/Life Balance Benefits

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Paid Time Off starting at 160 hours annually for employees in their first year of service.

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Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

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Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

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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.

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Adoption Assistance

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Employee Assistance Program

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Back-Up Care Program

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PTO for Volunteer Hours

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Employee Matching Gifts Program

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Employee Resource Groups

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Inclusion and Diversity Programs

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Employee Recognition Program

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Referral Bonus Programs

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 r