Actuarial Intern (Des Moines, IA)

| Des Moines, IA
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At American Equity Investment Life Holding Company, we think of ourselves as The Financial Dignity Company. Our policyholders work with independent agents, banks and broker-dealers through our wholly-owned operating subsidiaries, to choose one of our leading annuity products best suited for their personal needs to create financial dignity in retirement. We remain steadfast in our commitment to quality products, excellent customer service, integrity, safety and delivering on our promises to our policyholders. Our success comes from hiring people who embody the beliefs that drive our unique, energetic, fast-paced and caring culture of collaboration, ownership and innovation.

We currently fund over half a million retirements nationwide, and have been headquartered in West Des Moines, Iowa, for over twenty-five years, with satellite offices slated to open in 2022 in Charlotte, NC, and New York, NY. We are a NYSE-listed company and maintain an "excellent" rating from AM Best. Our company has over $57 billion in assets, 26,000 active agents and over 800 employees.

*This is a 12 week summer internship position.

GENERAL PURPOSE OF THE JOB:

The Actuarial Intern will work on a team with responsibility for one of the primary actuarial functions including modeling, pricing, valuation and reporting of fixed indexed annuities.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Model development in MG-ALFA for fixed indexed annuities including identifying, addressing and resolving model changes in a controlled framework.• Model production in MG-ALFA using Microsoft Azure to produce timely results.• Assist in product design and develop actuarial models to price the cost of new liabilities using an internal rate of return or present value of distributable earnings. • Generate and review reserve calculations across both Statutory and GAAP reporting requirements on fixed indexed annuities. • Ensures timely and accurate reporting, validation and analysis of assets and liabilities, as well as delivery of required quarterly reporting items. • Reports in MG-ALFA for fixed indexed annuities or similar products for additional management reporting. • Performs other related work as assigned.

SUPERVISORY RESPONSIBILITIES:

None.

EDUCATION AND/OR EXPERIENCE:
• Actively pursuing a bachelor's degree in actuarial science, or related field of study.• Passing score on at least 1 preliminary actuarial examination is preferred.

CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
• Actively pursuing completion of actuarial examinations.

KNOWLEDGE, SKILLS AND ABILITIES:
Minimum knowledge, skills and abilities required to successfully perform the job.
• Understanding of actuarial science and the ability to apply this knowledge is critical.• Exceptional attention to numeric and other detail.• Strong statistical and advanced math skills, including excellent Excel skills.• Ability to comprehend and apply principles of advanced mathematical concepts and theories.• Ability to apply principles of logical thinking to a wide range of intellectual and practical problems.• Ability to define problems, collect data, establish facts and draw valid conclusions.• Ability to deal with a variety of abstract and concrete variables.• Ability to work cooperatively and successfully with employees, customers, reinsurers, vendors and other outside third parties.• Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.
More Information on American Equity
American Equity operates in the Insurance industry. The company is located in West Des Moines, IA. American Equity was founded in 1995. It has 640 total employees. It offers perks and benefits such as Health Insurance Benefits, 401(K), Performance Bonus. To see all 22 open jobs at American Equity, click here.
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