Actuarial Intern

American Equity; Iowa (LA); On-site; USD 28,000 - 39,000; Full time

Job summary

American Equity’s Summer Internship Program offers actuarial students an immersive, real-world experience in Des Moines, IA. Interns will contribute to projects in modeling, pricing, valuation, and reporting of fixed indexed annuities, working on meaningful assignments and presenting results to company leaders.

The program runs 12 weeks on-site in downtown Des Moines, with opportunities to network with executives and participate in educational programs to support growth.

Qualifications

• Actively pursuing a bachelor’s or master’s degree in actuarial science, data science, or related field.
• Passing score on at least 1 preliminary actuarial examination is required.

Responsibilities

• Model development using Milliman’s Integrate for fixed indexed annuities.
• Ensure calculation accuracy in Integrate with Excel-based calculators.
• Generate and review reserve calculations for Statutory and GAAP reporting.
• Prepare and analyze current assets and liabilities for quarterly reporting.
• Build Integrate reports for annuities to support management analysis.
• Assist with product design and pricing of new liabilities.
• Assist in rate setting for existing/future products.
• Support validation of contract values for other departments.
• Modify and enhance independent policy calculators.
• Research policyholder data using SQL, R, Python, and Tableau.

Skills

Analytical thinking

Problem solving

Attention to detail

Self-motivated

Team collaboration

Effective communication

Education

Pursuing bachelor’s or master’s degree in actuarial science, data science, or related field

Tools

SQL

R

Python

Tableau

Job description

At American Equity 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 American Equity Summer Internship Program offers an immersive real-world experience, closely replicating the career journey of an American Equity professional. Each intern will contribute to meaningful, hands-on projects that drive measurable business outcomes, gaining valuable experience alon…

Interns will also have the opportunity to present their project work to company leaders, network with executives, and participate in educational programs designed to support their personal and professional growth. Additionally, interns will engage in community service projects and social events, building connections with fellow interns and the broader American Equity team.

The internship will be a 12 week program located at our downtown Des Moines office.

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 actuarial associate. The Actuarial Intern works on a team with responsibility for one of the primary actuarial functions including modeling, pricing, valuation and reporting of deferred annuities including but not limited to fixed indexed annuities. Each intern is assigned an impactful project to support company initiatives.

POSITION IS BASED IN DES MOINES, IA WITH AN ON-SITE WORKING SCHEDULE

ESSENTIAL 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.
• 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.

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, 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.

#LI-AS1

At American Equity, our core values— E mpowered, P assion, I ntegrity, and C aring—are more than words. They guide how we support one another and how we serve our clients every day.To learn more about American Equity, our culture, and our values, visit the Careers site.

Iowa Best Companies to Work for 2025 | Top Workplaces

For more information about how your information is processed, please click on the Privacy tab at the bottom of the page and then click on the Applicant Privacy Policy.