American Equity provides annuity products that help clients meet their retirement needs. The Actuarial Intern will support modeling, pricing, valuation, reporting, product design, and data analysis for deferred annuities, including fixed indexed annuities, while completing an impactful project for company initiatives.
Responsibilities
Model development in Milliman’s Integrate modeling software for fixed indexed annuities including identifying, addressing and resolving model changes in a controlled framework
Ensuring the accuracy of the calculations and inputs in Integrate model using Excel-based independent calculators
Generating and reviewing reserve calculations across both Statutory and GAAP reporting requirements on fixed indexed annuities
Reporting, validating and analyzing current assets and liabilities, as well as delivering required quarterly reporting items
Building reports in Integrate for fixed indexed annuities or similar products for additional management analysis
Assisting in product design and developing actuarial models to competitively and profitably price new liabilities
Assisting in rate setting for new or existing annuity products
Supporting the validation of contract values for other departments
Modifying and enhancing independent policy calculators
Researching policyholder data using various tools such as SQL, R, Python, and Tableau
Qualification
Required
Actively pursuing a bachelor's or master's degree in actuarial science, data science, or related field of study
Passing score on at least 1 preliminary actuarial examination is required
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, vendors, and other outside third parties
Ability to successfully handle pressure and meet deadlines in a face-paced work environment
Demonstrated commitment to continuous learning and development
Preferred
Opportunity to present project work to company leaders and network with executives
Educational programs designed to support personal and professional growth
Community service projects and social events
American Equity is a leading provider of annuity products focused on bringing clarity and certainty to retirement income planning.
