What are the responsibilities and job description for the Life Actuarial Technician II position at FBL Financial Group, Inc.?
Life Actuarial Technician II
The Life Actuarial Technician II supports the actuarial function for FBL’s life insurance companies by performing actuarial calculations, validations, and analysis used in financial reporting, cash flow projections, and management decision‑making. This role contributes to the accuracy, integrity, and efficiency of actuarial processes while continuing to build technical knowledge, independence, and proficiency in actuarial tools, insurance concepts, and methodologies.
Who We Are: With Farm Bureau Financial Services, our client/members can feel confident knowing their family, home, cars, and other property are protected. We value a culture where integrity, teamwork, passion, service, leadership, and accountability are at the heart of every decision we make and every action we take. We’re proud of our more than 80-year commitment to protecting the livelihoods and futures of our client/members and creating an atmosphere where our employees thrive.
What You’ll Do
- Perform actuarial calculations using established models, assumptions, and methodologies to support actual and projected quarterly financial statements, cash flows, and related financial results.
- Prepare accurate and timely management reports, including validation of results and concise explanations of key drivers.
- Review calculation outputs and control results to ensure accuracy and completeness; identify, research, and communicate unusual trends or results to actuarial leadership.
- Support internal and external customer requests by responding promptly, professionally, and in accordance with company policies.
- Maintain and enhance documentation related to actuarial processes, procedures, assumptions, and methodologies to ensure consistency and transparency.
- Use spreadsheets and other analytical tools to support calculations, analysis, and reporting.
- Continue developing technical and business knowledge related to actuarial approaches, insurance concepts, systems, and tools with increasing independence.
- Contribute to special projects or additional work assignments that support departmental and organizational goals.
Qualifications
- Bachelor’s degree in mathematics, actuarial science, or a related field, or equivalent relevant actuarial or analytical experience required.
- Completion of at least one actuarial exam preferred; additional insurance or analytical credentials are a plus.
- Strong mathematical and analytical skills, with the ability to perform and validate calculations and solve moderately complex problems.
- Demonstrated work ethic and intellectual curiosity, with the ability to learn quickly and apply new knowledge in a technical environment.
- Experience using spreadsheets (such as Microsoft Excel) to perform calculations and analyze data.
- Strong organizational and problem‑solving skills, with the ability to manage assigned work independently and meet deadlines.
- Effective written and verbal communication skills.
- Reliable attendance and ability to consistently meet role expectations.
- Ability to read, write, and speak English fluently.
What We Offer You: When you’re on our team, you get more than a great paycheck. You’ll hear about career development and educational opportunities. We offer an enhanced 401K with a match, low-cost health, dental, and vision benefits, and life and disability insurance options. We also offer paid time off, including holidays and volunteer time, and teams who know how to have fun. Add to that an onsite wellness facility with fitness classes and programs, a daycare center, a cafeteria, and for many positions, even consideration for a hybrid work arrangement. Farm Bureau....where the grass really IS greener!
Work Authorization/Sponsorship: At this time, we are not considering candidates that need any type of immigration sponsorship now or in the future, such as additional or permanent work authorization. Applicants must be currently authorized to work in the United States on a full-time, permanent basis. We are not able to sponsor now or in the future, or take over sponsorship of, an employment visa or work authorization for this role. For example, we are not considering candidates with OPT status.