Actuarial Associate, Reinsurance

NOTE: This job was posted to the West Des Moines Chamber Job Board by one of our member businesses and is not a job available at the West Des Moines Chamber.

About the job
Posting Title: Actuarial Associate, Product

Location: West Des Moines, Iowa (Mostly On-Site)

Employment Type: Full-time

About Us:

EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent agents and independent marketing organizations (IMOs). Since 2003, we have provided exceptional customer service to our clients by operating with integrity and passion. Our efforts are supported by a dedicated workforce who execute their responsibilities through teamwork and an entrepreneurial spirit. EquiTrust sells products nationwide and is headquartered in Chicago, Illinois, with operations in West Des Moines, Iowa.

How You’ll Contribute:

As an Actuarial Associate, Product you will support actuarial modeling, valuation, and ALM risk analysis for life and annuity products. You will work closely with actuaries, finance, investments, and risk partners to help ensure accurate modeling, effective controls, and meaningful insights that support risk management and financial decision-making.

What You’ll Do:

Support the conversion and enhancement of actuarial valuation and modeling systems 
Develop, test, and document actuarial model updates in ALFA and related systems 
Assist with asset modeling techniques and projection of asset cash flows, including structured assets 
Support the integration of new products into corporate in-force models 
Analyze asset/liability modeling and risk results and help interpret key drivers 
Prepare monthly and quarterly valuation runs, review results, and analyze reserve movements 
Assist with annual cash flow testing and monitoring of financial results 
Maintain documentation, controls, and governance supporting modeling and reporting processes 
Support internal and external audits and respond to information requests 
Collaborate with team members and business partners to support departmental and company objectives 

What You’ll Bring:

Education:

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Analytics, or a related field 

Experience:

1+ year of actuarial experience 
Exposure to life insurance and/or fixed indexed annuity products preferred 
Completion of 2 SOA exams required
Continued progress toward actuarial credentials encouraged and supported 

Knowledge, Skills, and Abilities:

Working knowledge of Microsoft Office, including Excel and Access 
Familiarity with actuarial modeling tools such as ALFA or ARCVAL 
Strong analytical, problem-solving, and organizational skills 
Ability to communicate actuarial concepts and results to non-technical audiences 
Ability to manage multiple priorities and meet deadlines 
Self-motivated, detail-oriented, and able to work both independently and collaboratively 

Physical Requirements:

Primarily sedentary work involving extended computer use 
Ability to communicate effectively in meetings and discussions 
Occasional lifting of light materials (up to 20 lbs.) 

Where You’ll Work:

Location: West Des Moines, Iowa
Work Arrangements: Mostly Off-Site
Travel Requirements: Not required 

Total Rewards:

In addition to base pay, eligible employees may receive an annual discretionary incentive bonus and access to a competitive benefits package including:

Medical, Dental & Vision coverage:
401(k) with Company Match
Paid time off: Vacation, Sick, Holiday, and more
Paid Parental Leave for both Mothers and Fathers
Hybrid/Remote Work Options
Early Friday Closure

EquiTrust is an Equal Opportunity Employer and participates in the U.S. Federal E-Verify program. Applicants have rights under federal and state employment laws. To learn more, visit EquiTrust Careers.

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