The Actuarial Associate is a member of the Actuarial Development Program which provides a broad set of work experience, full Society of Actuaries exam support, the development of communication and leadership skills, and the opportunity for mentoring and networking. It is a rotational program that typically has 3 rotations of 12 - 24 months, where the Actuarial Associate acquires and applies skills to provide actuarial and related assistance with respect to capital adequacy/financial strength, experience studies, actuarial modeling, asset liability management (ALM), valuation, retirement plan support, product development, pricing, non-guaranteed element determination and other business functions.
Key Responsibilities and Duties- Supports 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.
- Assists with experience studies and assumption development for the annuity and life insurance lines of business.
- Helps with asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing.
- Supports various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing.
- Helps with valuations of actuarial reserves and liabilities.
- Assists with asset adequacy testing and analyses of annuity and life insurance lines of business.
- Assists with calculation of allowable TDA plan contributions and analyses of mortality trends and longevity risk.
- Supports the development of annuity products and policyholder illustrations; determination of non-guaranteed elements such as crediting rates and dividend scales.
- Helps with business functions including plan pricing support, risk management and potentially others.
Educational Requirements- University (Degree) Preferred
Work ExperiencePhysical Requirements- Physical Requirements: Sedentary Work
Career Level 5IC
Preferred Qualifications:- Completion of TIAA's 2026 Actuarial Internship program
Related Skills
Accountability, Actuarial Science, Business Acumen, Collaboration, Communication, Continuous Improvement Mindset, Executive Presence, Financial Acumen, Financial Modeling, Problem Solving, Relationship Management, TIAA Products/Services Acumen
Anticipated Posting End Date:2026-08-21
Base Pay Range: $81,000/yr - $99,100/yr
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).
Benefits and Total RewardsThe 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.
