Actuarial Associate, Product

Posting Title: Actuarial Associate, Product
Location: West Des Moines, Iowa (Mostly Off-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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