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American Equity Actuarial Associate in West Des Moines, Iowa


American Equity Investment Life Insurance Company is a leading retirement income provider specializing in fixed index annuities designed to protect principal and guarantee income. American Equity is committed to quality products and high-level customer service, integrity, excellence and safety, delivering customers the promise of protected growth of their savings and the dignity of a paycheck for life.

Founded in 1995, they currently fund over half a million retirements nationwide. American Equity is a NYSE-listed company and maintains an “excellent” rating from AM Best. The company is the #3 producer of fixed income annuities, has over $57 billion in assets, 21,000 active agents and over 600 employees. They succeed by hiring people who embody the beliefs that drive their unique, energetic, fast-paced and caring culture. The team is built on trust, motivated to accomplish a shared mission through collaboration, ownership, drive and innovation.


The Actuarial Associate I assists with Company pricing, product development, rate setting, competitor product analysis and other product development and product management activities as assigned.


  • Builds, maintains, and runs actuarial models using actuarial tools (Mg-ALFA, RStudio, Excel, SQL or other); writes software code, enters inputs/assumptions, tests calculations, evaluates impacts and presents valuation, risk, financial reporting, pricing, product and/or other actuarial findings. Work varies based on Associate rotation assignment including some or all of the following:

  • Models timely development and production of fixed indexed annuities across numerous servers, identifying, addressing and resolving model changes in a controlled framework.

  • Assists in product design and develops actuarial models to price the cost of new liabilities using an internal rate of return or present value of distributable earnings.

  • Performs analysis to test valuation and financial results and trends, documents findings and presents to leadership.

  • Generates and reviews reserve calculations across both Statutory and GAAP reporting requirements on fixed indexed annuities.

  • Analyzes the risk of fixed indexed annuities within the context of an Enterprise Risk Management framework.

  • Predicts future policyholder behavior by using techniques from data mining, statistics, modeling, machine learning, and artificial intelligence.

  • Ensures timely and accurate reporting, validation and analysis of assets and liabilities, as well as delivery of required reporting items.

  • Completes deliverables on a monthly or quarterly cycle, reviews and interprets results and takes appropriate action.

  • Performs audit validation, maintaining accurate valuation assumptions and inputs.

  • Ensures timely and accurate preparation, validation and delivery on external audit and internal audit.

  • Maintains satisfactory exam performance as a member of the Actuarial Student Program.

  • Performs actuarial work on a range of projects.

  • Performs other related work as assigned.


Direct Reports: 0

General Description of Indirect Reports (2 and 3-downs): 0


  • Bachelor’s degree in actuarial science, mathematics, statistics or other related field of study; or related field of study; or equivalent combination of education and/or experience is required.

  • Passing scores on at least 2 actuarial examinations.

  • Some actuarial working experience that may include an actuarial internship in the life and annuity industry preferred.


Actively pursuing successful completion of actuarial examinations.


  • General knowledge of the life and annuity industry and products.

  • Strong knowledge/understanding of actuarial science, principles and practices with ability to apply that knowledge.

  • Strong willingness and commitment to learning.

  • Strong statistical and advanced math skills with exceptional attention to numeric and other detail.

  • Strong technology/systems aptitude and advanced Excel and modeling skills.

  • Strong, proven analytical skills, including ability to research and analyze data with minimal instruction.

  • Ability to use independent judgment in interpreting and applying actuarial knowledge.

  • Strong problem-solving skills with ability to define problems, collect data, establish facts, and draw valid conclusions.

  • Critical thinking skills with ability to apply actuarial principles of logical thinking to a wide range of intellectual and practical problems, including dealing with a variety of abstract and concrete variables.

  • Ability to read, analyze, and interpret technical journals, financial reports, and legal documents from regulatory agencies, and other members of the business community.

  • Effective verbal and written communication skills with ability to effectively present information to management.

  • Able to multi-task in an environment with shifting priorities in a fast-paced work environment with shifting priorities and unpredictable workflow.

  • Strong customer service orientation.

  • Ability to work cooperatively and successfully with employees, customers, and other outside third parties.

  • Strong organizational and planning skills.

  • Proficient in the use of Microsoft Office Suite.

  • Minimal to no travel is required in this position.

This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job-related instructions and be required to perform other job-related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.