Internships are short-term work experiences for a designated period of time that allow college students the opportunity to observe and participate in the professional work environment, to explore how his/her interests relate to possible careers, and to gain practical experience in an industry relating to their field of study.

Responsibilities:

  • Support business processes that directly impact Transamerica financials

  • Assist with quarterly IFRS, Financial Plan/Capital Reforecast, Principles Based Reserves, and C3P1 models, as well as annual Medium-Term Plan, and Cash Flow Testing models

  • Support the annual setting of economic assumptions by working cohesively with members of Life, Health, Annuity, and Risk areas

  • Engage in annual discussions regarding economic assumption changes and assist with the creation of model files that reflect the updated assumptions

  • Provide AXIS format asset inventory, economic assumption, and investment input files to support Asset and Liability Management analysis on a regular basis

  • Collaborate with more senior analysts on the development of asset-related code updates in AXIS models, and support asset-only user testing of the updates

  • Learn how to explain model results attribution and reconciliation

  • Provide support and input required for change management documentation each quarter for assumption and/or system updates

  • Aid in resolving potential issues and escalating when appropriate


Qualifications:

  • Currently pursuing an undergraduate degree in math, actuarial science, statistics, related science field, finance, or related business field. Internships are not available for students who have completed their college education or who will graduate prior to the conclusion of the internship

  • Interest, knowledge, and awareness of insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning, artificial intelligence

  • Familiarity with investment and finance concepts, and be able to creatively apply in solving analytical problems in the business setting


Preferred Qualifications:

  • Ability to use code (Python, VBA) to help automate tasks and increase efficiency Proficiency with Microsoft Excel

  • Familiarity with using modeling systems, particularly AXIS

  • Knowledge of asset liability management processes in insurance or banking

  • Understanding of actuarial and accounting


Working Conditions:

  • Interns will work hybrid in Cedar Rapids, IA

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

Compensation:

The salary for this position generally ranges between $23.00 - 25.00 per hour.  Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Full-time interns will receive an intern allowance to cover costs of relocation including housing, mileage, and travel expenses.

Disclaimer:
Beware of fake job offers!

We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

  • We will never request personal information such as ID or payment for equipment upfront.
  • Official offers are sent via DocuSign following a verbal offer—not through text or email.