About the role#
This is a full-time, paid internship for Summer 2027. You will gain practical experience in the actuarial function, with exposure to product development, financial reporting, and risk management. This role operates on a hybrid schedule, with in-office days on Tuesday, Wednesday, and Thursday.
What you'll do#
- Compile data for experience analyses and prepare reports.
- Assess new and existing product designs for market feasibility.
- Translate product specifications into valuation assumptions.
- Price new and existing product designs.
- Assist with statutory, GAAP, and tax valuation requirements.
- Support quarterly ALM risk profiles, investment income budgets, and regulatory reserve adequacy testing.
- Build and run asset/liability models using actuarial software.
- Help convert existing actuarial systems to new platforms.
- Automate processes by writing programs or macros.
What you'll need#
- Enrollment as a full-time Freshman, Sophomore, or Junior student.
- Major in Actuarial Science, Mathematics, or Statistics.
- Ideally, you have passed at least one SOA exam.
- Strong mathematical, analytical, and communication skills.
- Initiative, attention to detail, and a desire to work in a team.
- Proficiency in MS Excel and spreadsheet applications.
- Knowledge of at least one programming language, such as Visual Basic, R, or Python.
- Familiarity with MS Access or database applications is a plus.
- Previous leadership experience is preferred.
Location & details#
- Locations: Cedar Rapids, IA; Baltimore, MD; or Philadelphia, PA.
- Modality: Hybrid (in-office Tuesday through Thursday).
- Sponsorship: You must be legally authorized to work in the U.S. without sponsorship.
About Transamerica
Transamerica is a financial services company founded in 1904. It provides insurance, investment, and retirement services to clients and employers. The company is based in Baltimore, Maryland, and employs over 15,000 people. It operates as a public company.
How to get in at Transamerica
Applying to Transamerica early provides a distinct advantage because recruiters review applications as they arrive. Intern Insider sends an instant alert the moment a role matching your target is published, so you can submit your materials before the applicant pool grows too large. Securing your spot at the top of the pile is a practical way to ensure your resume gets a look. Reaching out to the recruiter directly often improves your response rate compared to applying into a general queue. Intern Insider surfaces the specific recruiters behind company roles so you can ask informed questions or request a referral. This direct approach shows you are serious about the position and helps you stand out from the crowd.
