No experience
Employment Type:
Full time
Job Category:
Actuarial Development Program- Actuarial Student Level...
(This job is no longer available)
Grad Date

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Job Description

Job Family

General Actuarial

Job Description Summary

The Actuarial Development Program (ADP) provides a springboard for entry-level actuaries through education and hands-on experience within our life, annuity, corporate, pension and investment divisions. Participants rotate to a new product area/business unit every 18 to 24 months.

Job Description

* Compiles data for experience analyses and prepares related reports.
* Assesses current and new product designs for feasibility in the marketplace.
* Translates product specifications into valuation assumptions for new products.
* Pricing of new and existing product designs to ensure that Division profit goals are met.
* Builds, maintains, and enhances computer asset/liability and valuation models using actuarial modeling software
* Inputs data and runs pricing, reserving, or asset/liability models.
* 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.
* Conversion of existing actuarial systems to new platforms
* 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.

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.

Why Work for Us

Total Rewards at Transamerica: It's more than a paycheck.

Our comprehensive Total Rewards package is designed to help support you in many ways - throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind… to help you live your best life, grow personally and professionally - and feel valued for the work you do.

Learn more about our Total Rewards Package.

Equal Opportunity Employer:

Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Ontario Applicants:

Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA"). Please contact applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance:

If you experience technical problems during the application process, please email applicantsupport@transamerica.com.