Actuarial Associate, Modeling
About The Position
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. 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.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Analytics, or a related field
- 1+ year of actuarial experience
- Successful completion of at least two Society of Actuaries (SOA) exams required
- Working knowledge of Microsoft Office, including Excel and Access
- Familiarity with actuarial modeling software such as ALFA or ARCVAL
- Strong analytical, problem-solving, and organizational skills
- Ability to explain actuarial results to non-technical audiences
- Ability to manage multiple tasks and shifting priorities
- Self-motivated with the ability to work both independently and collaboratively
- Primarily sedentary work involving computer use
- Ability to communicate effectively in meetings and discussions
- Occasional lifting of light materials (up to 20 lbs.)
Nice To Haves
- Exposure to life insurance and/or fixed indexed annuity products preferred
- Ongoing progress toward actuarial credentials encouraged and supported
Responsibilities
- Support the conversion and ongoing enhancement of actuarial valuation systems
- Develop, test, and document actuarial model changes using ALFA and related tools
- Assist with asset modeling techniques and projection of asset cash flows
- Support the integration of new products into corporate in-force models
- Analyze asset/liability modeling and risk results and help interpret outcomes
- 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 actuarial models and reporting
- Provide support for internal and external audits and regulatory inquiries
- Collaborate with team members and business partners to support department and company objectives
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
