Posting Title: Assistant Vice President, Pricing Actuary
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 Assistant Vice President, Pricing Actuary, you will lead the development, pricing, and ongoing profitability management of EquiTrust’s annuity and life insurance products. You will manage and mentor actuarial professionals while partnering closely with Product Management, IT, Marketing, Compliance, Operations, Finance, and Corporate Actuarial teams to bring profitable, competitive products to market.
What You’ll Do:
Lead and develop a team of actuarial professionals, including hiring, performance management, workload allocation, engagement, and talent development
Design and price profitable, competitive annuity and life insurance products
Conduct competitive studies and participate in industry surveys to inform product strategy
Develop and maintain pricing models using current actuarial software and methodologies
Establish pricing assumptions, conduct profit testing, and recommend credited rates, caps, and participation rates
Manage in-force profitability through liability review and renewal rate setting
Oversee implementation of new products in partnership with IT, Marketing, Compliance, and Operations
Support regulatory compliance through form, rate, and value filings with state insurance departments
Contribute to agent, consumer, and sales materials in support of marketing and distribution efforts
Ensure timely and accurate actuarial information is provided to corporate actuarial, accounting, and finance teams
Champion EquiTrust’s core values of Integrity, Leadership, Accountability, Teamwork, and Passion
What You’ll Bring:
Education:
Bachelor’s degree in Actuarial Science, Finance, Statistics, Accounting, Computer Science, Quantitative Mathematics, or a related field
Experience:
Minimum 10 years of actuarial experience with annuities and life insurance required
Minimum 3 years of actuarial management experience required
Product development and pricing experience strongly preferred
Product management experience preferred
- FSA or ASA designation required
Knowledge, Skills, and Abilities:
Strong expertise in actuarial mathematics, probability, statistics, and financial principles
Working knowledge of insurance laws and regulations
Excellent analytical, organizational, and problem-solving skills
Strong written and verbal communication and presentation skills
Ability to manage multiple priorities and meet deadlines in a dynamic environment
Proficiency with Microsoft Office and actuarial modeling tools
High level of professionalism and interpersonal effectiveness
Physical Requirements:
Primarily sedentary work with extended periods of sitting
Frequent use of computers and fine motor skills
Ability to communicate effectively (hearing, speaking, seeing)
Infrequent lifting of up to 20 lbs
Where You’ll Work:
- Location: West Des Moines, Iowa
- Work Arrangements: Mostly On-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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Skills Required
- Bachelor's degree in Actuarial Science, Finance, Statistics, Accounting, Computer Science, Quantitative Mathematics, or a related field
- At least 10 years of actuarial experience with annuities and life insurance
- At least 3 years of actuarial management experience
- FSA or ASA designation
- Product development and pricing experience
- Product management experience
- Expertise in actuarial mathematics, probability, statistics, and financial principles
- Working knowledge of insurance laws and regulations
- Strong analytical, organizational, problem-solving, communication, and presentation skills
- Proficiency with Microsoft Office and actuarial modeling tools
What We Do
When searching for a company that demonstrates integrity, strength and innovation – one that can help you meet your financial objectives – look no further. We put you first! 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 (IMO’s). 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.
