Actuary, Modeling

Posting Title: Actuary, Modeling
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 Actuary, Modeling, you will play a key leadership role within Corporate Actuarial, managing and developing actuarial professionals while overseeing modeling and valuation activities for life and annuity products. You will collaborate closely with Finance, Investments, Accounting, Risk, and senior leadership to deliver accurate, compliant, and insightful actuarial results that support strategic business objectives. This role is well suited for an experienced actuary who enjoys mentoring others, improving processes, and applying sound actuarial judgment in a dynamic environment.

What You’ll Do:

• Lead, coach, and support actuarial team members, including performance management, work allocation, and professional development

• Oversee actuarial modeling and valuation activities for monthly, quarterly, and annual Statutory and Tax reporting

• Drive cash flow testing, ALM analysis, and reserve analysis for life and annuity blocks

• Lead the conversion and ongoing management of actuarial systems within an ALFA-based modeling platform

• Establish and maintain controlled, well-documented processes for model development, testing, and governance

• Enhance automation, analytics, and internal controls to improve efficiency, accuracy, and transparency

• Partner with Investments, Accounting, Finance, and other stakeholders to support business and reporting needs

• Support internal and external audits, regulatory inquiries, and governance committees

• Foster a collaborative, inclusive, and continuous-improvement–oriented team environment

What You’ll Bring:

Education:

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

Experience:

• 7 years of actuarial experience, including modeling and valuation

• Experience with life insurance and fixed indexed annuity products

• Prior leadership or supervisory experience preferred

• FSA or ASA designation required 

• Additional professional certifications (CPA, CFA, FRM, etc.) a plus

Knowledge, Skills, and Abilities:

• Strong actuarial modeling and quantitative analysis skills

• Working knowledge of ALFA and actuarial valuation systems (e.g., ARCVAL)

• Experience or exposure to programming/scripting tools such as VBA, SQL, or Python

• Solid understanding of fixed indexed annuity and indexed life product features and risks

• Strong problem-solving, organizational, and decision-making abilities

• Effective written and verbal communication skills across technical and non-technical audiences

• Ability to manage multiple priorities while working independently and collaboratively

• MG-ALFA experience  

Physical Requirements:

• Primarily sedentary role requiring extended computer use

• Ability to communicate effectively in meetings and presentations

• 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: Occasional travel (approximately 5-10% of the time)

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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