Intern The Intern gains experience and an overall feel for the company and the financial services industry by attending meetings, delivering presentations, exploring business-specific tasks, and working closely with cross-functional groups to better understand the organization. Over the 10-week summer internship program, this job participates in a robust training and onboarding program followed by an ongoing speaker series, lunch-and-learns, and cohort engagement activities. This job may have the opportunity to work in the follow business areas: Technology, Asset Management, Financial Analysis/Accounting, Audit, Risk and Compliance, Human Resources and Advice and Client Relationships.
Key Responsibilities and Duties- Performs clerical duties such as taking memos, organizing documents, maintaining files, photocopying, faxing, etc. as needed
- Assists in preparing information and research materials, including Powerpoint presentations.
- Takes notes during meetings and provides to team members.
- Researches and gathers documentation as directed by colleagues.
- Attends company functions, including trainings programs, speaker series, lunch-and-learns and social networking events that provide opportunities for career growth and personal development.
- Shadows multiple office jobs and trains in a variety of tasks.
- Gains experience and an overall feel for the company and the financial services industry
- Minimum 3.0 GPA required
Educational RequirementsWork ExperiencePhysical Requirements- Physical Requirements: Sedentary Work
Career Level 2IC
POSITION SUMMARY: Actuarial Development Program Interns provide actuarial and related assistance with respect to capital adequacy/financial strength, experience studies, actuarial modeling, asset liability management (ALM), valuation, product development, pricing, and non-guaranteed element determination. This internship is for 10 weeks during the summer. KEY RESPONSIBILITIES AND DUTIES: Depending on the particular assignment, the Actuarial Development Program Intern may acquire and apply actuarial skills to perform the following functions: - Actuarial/risk analyses with respect to the company's actuarial liabilities and capital position to ensure adequate financial strength of annuity and life insurance product lines, as well as overall financial strength of the company.
- Experience studies and assumption development for the annuity and life insurance lines of business.
- Asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing.
- Various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing.
- Valuations of actuarial reserves and liabilities.
- Asset adequacy testing and analyses of annuity and life insurance lines of business.
- Development of annuity products and policyholder illustrations; determination of non-guaranteed elements such as crediting rates and dividend scales.
- Other business functions including plan pricing support, risk management and potentially others.
Qualifications - External Required Skills: - Currently enrolled in a degree-seeking program pursuing a Bachelor's or Master's degree
- Expected Graduation date between December 2027 - June 2029
- Minimum GPA of 3.0
Preferred Skills: - At least one Society of Actuaries (SOA) exam passed
- Pursuing degree in mathematics, actuarial science or related field
- Strong communication and problem-solving skills
- Leadership potential
- Technical skills
The role offers a competitive hourly rate of $30 per hour. Related Skills
Accountability, Adaptability, Business Acumen, Collaboration, Communication, Consultative Communication, Data Analysis, Influence, Market/Industry Dynamics, Problem Solving, Relationship Management
Anticipated Posting End Date:Base Pay Range: $22.00/hr - $30.00/hr
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
_____________________________________________________________________________________________________
Company Overview Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today we're a market-leading retirement company fueled by world-class asset management. But we're not just another legacy financial services firm. We're fighting harder than ever before for our clients and the many Americans who need us.
Our Culture of Impact At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways-because when our people succeed, our impact on clients' lives grows stronger.
Benefits and Total Rewards The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our .
Equal Opportunity We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Our full EEO & Non-Discrimination statement is on our , and you can read more about your rights and view government notices .
Accessibility Support TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone:
Email:
Drug and Smoking Policy TIAA maintains a drug-free and smoke/free workplace.
Privacy Notices For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click .
For Applicants of TIAA Global Capabilities, click .
For Applicants of Nuveen residing in Europe and APAC, please click .
Never miss an opportunity! Create an alert based on the job you applied for.