At American Equity Investment Life Holding Company®we offer leading annuity products that help empower our clients to fulfill their needs and wants in retirement. Our success comes from hiring high-energy individuals who embody the beliefs that drive our unique culture. 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 in Charlotte, NC and New York, NY.
The Actuarial Specialist is responsible for creating calculator tools that ensure mathematical accuracy in policy administration and illustration systems, as well as consistency with contract language. The incumbent exercises considerable discretion and judgment working under minimal guidance.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Creates and maintains parallel actuarial calculators as a source for an system accuracy
- Serves as main point of contact for team towards the purpose of new business system validation
- Reviews marketing brochures and policy page changes for accuracy.
- Applies principles of finance and mathematics in providing analytical support to Product
- Reviews and interprets contract language relating to policy benefit calculations
- Provides calculation support of policy administration, values and benefits
- Requests, tests, and approves applicable system changes assisting with IT projects
- Researches policy information in policy administration system to ensure consistency in calculations
- Contributes to department-wide process improvement efforts, including training product team on company process improvement program tools and methodologies, identifying inefficiencies and developing and prioritizing corrective actions
- Provides work direction to junior product/actuarial analysts and interns
- Performs other related work as assigned
SUPERVISORY RESPONSIBILITIES:
Direct Reports: 0
EDUCATION AND/OR EXPERIENCE:
- Bachelor’s degree in actuarial science, finance, mathematics, statistics or other related field of study
- Six (6) years of progressively responsible actuarial/financial analysis or related experience; or equivalent combination of education and/or experience is required
- Knowledge of policy values and benefit calculations for Fixed Indexed Annuities and/or Indexed-Linked Annuities
KNOWLEDGE, SKILLS AND ABILITIES:
- Expert/advanced level of ability in Microsoft Excel is a must.
- Ability to build annuity transaction product calculator tools
- Strong systems aptitude
- Strong customer service orientation
- Effective verbal and written communication skills with ability to effectively present information and respond to questions
- Advanced mathematical skills and strong attention to detail
- Ability to work cooperatively and successfully with employees, customers, and other outside third parties
- Strong organizational and planning skills
- Ability to read, analyze, and interpret general business periodicals, professional journals and technical/operational procedures
- Strong analytical and problem-solving skills with ability to define problems, collect data, establish facts, and draw valid conclusions on practical problems that deal with a variety of concrete variables in situations where only limited standardization exists
- Ability to successfully adjust to changing priorities and meet deadlines in a fast-paced work environment
- Minimal to no travel is required in this position
Top Skills
What We Do
American Equity* Fixed Index Annuities * Retirement Planning * Customer Service
An American-owned and operated company headquartered in the heart of the Midwest, American Equity Investment Life Insurance Company® is a leader in the fixed indexed annuities marketplace. American Equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships.
“The One Who Works for You!®” serves as the foundation for the way American Equity does business and values its more than 500 employees. Guided by our Principles of Excellence, we do more than sell retirement annuity products -- we are dedicated to fostering opportunity and innovation to meet the ever-changing needs and goals of retirement.
"It's About the People" is the American Equity story and the legacy of our founder David J. Noble. This commitment to excellence includes our employees, agents, partners, and contract owners. We thank you for entrusting us with the things that matter most.
When your retirement begins, you want to ensure you can enjoy it, which is why it’s important to have reliable support that can help fund every day of your golden years. After all, your life of hard work has earned you the retirement you planned for. These are the guiding principles that define everything we do. American Equity is the one who works for you.
_0.jpg)
