Actuarial Intern: Hands-On Modeling & Valuation Summer

American Equity; Des Moines (IA); On-site; USD 16,531,000 - 27,552,000; Full time

Job summary

American Equity's Summer Internship Program offers an immersive real-world experience for actuarial students, closely mirroring the career journey of an American Equity professional. Interns will work on primary actuarial functions including modeling, pricing, valuation, and reporting of deferred annuities, with on-site duties in Des Moines, IA.

Interns will complete a 12-week program, contribute to meaningful projects, present to leaders, and engage in educational programs for personal and

Qualifications

• 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 with the ability to research and analyze data with little instruction.
• Strong preference for being self-motivated and results oriented.
• Exceptional attention to numeric and other details.
• Effective organization and communication skills.

Responsibilities

• Model development in Milliman's Integrate modeling software for fixed indexed annuities.
• Ensure accuracy of calculations and inputs in Integrate model using Excel-based calculators.
• Generate and review reserve calculations for Statutory and GAAP reporting on fixed indexed annuities.
• Produce and analyze current assets and liabilities and deliver quarterly reporting items.
• Build reports in Integrate for fixed indexed annuities or similar products.
• Assist in product design and development of actuarial models for pricing liabilities.
• Assist in rate setting for new or existing annuity 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

Self-motivated

Attention to detail

Organization

Communication skills

Team collaboration

Education

Bachelor's or Master's in Actuarial Science

Data Science related field

Tools

SQL

Python

R

Tableau

Excel

Job description

American Equity's Summer Internship Program offers an immersive real-world experience for actuarial students, closely mirroring the career journey of an American Equity professional. Interns will work on primary actuarial functions including modeling, pricing, valuation, and reporting of deferred annuities, with on-site duties in Des Moines, IA.

Interns will complete a 12-week program, contribute to meaningful projects, present to leaders, and engage in educational programs for personal and