Actuarial Summer Internship: Hands-On Modeling & Pricing

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

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.