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 2026– June 2028
• 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.

Company Overview

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 Benefits Summary.

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.

See our full Equal Employment Opportunity & Non-Discrimination statement below. You can read more about your rights and view government notices here.

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: (800) 842-2755

Email: accessibility.support@tiaa.org

Drug and Smoking Policy

TIAA maintains a drug-free and smoke/free workplace. Please see our Drug-Free and Smoke-Free Policy to learn more.

Privacy Notices

For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.

For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.

For Applicants of TIAA Global Capabilities, click here.

For Applicants of Nuveen residing in Europe and APAC, please click here.

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.

Read more about your rights and view government notices here.