Actuarial Intern na American Equity

GENERAL PURPOSE OF THE JOB:   

American Equity’s Summer Internship Program is designed to provide Actuarial students with an immersive, challenging and meaningful real-world work experience that replicates as closely as possible the career journey of an American Equity Actuary. The Actuarial Intern works on a team with responsibility for one of the primary actuarial functions including modeling, pricing, valuation and reporting of fixed indexed annuities.  Each intern is assigned a meaningful project to support company initiatives.

**Position is based in Des Moines, IA with an on-site working schedule**

ESSENTIAL DUTIES AND RESPONSIBILITIES:  

Each intern project may include any of these listed duties and responsibilities:

• Model development in Milliman’s Integrate modeling software for fixed indexed annuities including identifying, addressing and resolving model changes in a controlled framework.
• Ensures the accuracy of the calculations and inputs in Integrate model using Excel-based independent calculators.
• Model production in Integrate using the Microsoft Azure grid to produce timely results.
• Generating and reviewing reserve calculations across both Statutory and GAAP reporting requirements on fixed indexed annuities.
• Timely and accurate reporting, validation and analysis of current assets and liabilities, as well as delivery of required quarterly reporting items. 
• Builds reports in Integrate for fixed indexed annuities or similar products for additional management analysis.
• Assists in product design and development of actuarial models to competitively and profitably price the cost of new liabilities.
• Assists in rate setting of new or existing annuity products.
• Support policyholder services inquiries to validate contract values.
• Modifies and enhances the independent policy calculators.
• Research policyholder data using various tools such as SQL, R, Python, and Tableau.

SUPERVISORY RESPONSIBILITIES:

None.

EDUCATION AND/OR EXPERIENCE:  

• Actively pursuing a bachelor’s or master’s degree in actuarial science, data science, or related field of study.

CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:

• Passing score on at least 1 preliminary actuarial examination is required.

KNOWLEDGE, SKILLS AND ABILITIES:

• Strong analytical and problem-solving skills, including ability to research and analyze data with little instruction.
• Strong preference of being self-motivated and results oriented.
• Exceptional attention to numeric and other details.
• Effective organization skills.
• Effective verbal and written communication skills.
• Ability to work collaboratively and successfully with coworkers, customers, reinsurers, vendors, and other outside third parties.
• Ability to successfully handle pressure and meet deadlines in a face-paced work environment.
• Ability to successfully prioritize an unpredictable workflow to meet deadlines.
• Demonstrated commitment to continuous learning and development.