Assistant Vice President, Pricing Actuary

EquiTrust; West Des Moines (IA); Hybrid; USD 150,000 - 230,000; Full time

Benefits offered by this job

401(k) with Company Match

Paid time off

Paid Parental Leave

Hybrid/Remote Work Options

Early Friday Closure

Job summary

EquiTrust is seeking an Assistant Vice President, Pricing Actuary to lead the development, pricing, and profitability management of annuity and life insurance products in West Des Moines, IA. You will mentor actuaries and collaborate with Product, IT, Marketing, Compliance, and Finance to bring profitable products to market.

The role requires a seasoned actuary with 10+ years of experience in annuities/life, 3+ years in management, and a strong background in pricing models and regulatory

Qualifications

• Bachelor's degree in actuarial science or related field is required.
• Minimum 10 years of actuarial experience with annuities and life insurance.
• Minimum 3 years of actuarial management experience; FSA or ASA designation required.

Responsibilities

• Lead and develop a team of actuarial professionals, including hiring, performance management, workload allocation, engagement, and talent development.
• Design and price profitable, competitive annuity and life insurance products.
• Conduct competitive studies and industry surveys to inform product strategy.
• Develop and maintain pricing models using current actuarial software and methodologies.
• Establish pricing assumptions, conduct profit testing, and recommend credited rates, caps, and participation rates.
• Manage in-force profitability through liability review and renewal rate setting.
• Oversee implementation of new products with IT, Marketing, Compliance, and Operations.
• Support regulatory filings with state insurance departments.
• Contribute to agent, consumer, and sales materials for marketing and distribution.
• Provide timely actuarial information to corporate teams.
• Champion core values: Integrity, Leadership, Accountability, Teamwork, Passion.

Skills

Actuarial Mathematics

Probability

Statistics

Financial Principles

Analytical Thinking

Communication Skills

Project Management

Leadership

Education

Bachelor's degree in Actuarial Science, Finance, Statistics, Accounting, Computer Science, Quantitative Mathematics, or related field

Tools

Microsoft Office

Actuarial modeling tools

Job description

Job Category: Actuarial

Requisition Number: ASSIS002493

• Full-Time
• Hybrid

Locations

Showing 1 location

West Des Moines 7100 West
West Des Moines, IA 50266, USA

Description

Posting Title: Assistant Vice President, Pricing Actuary
Location: West Des Moines, Iowa (Mostly On-Site)
Employment Type: Full-time

About Us:
EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent agents and independent marketing organizations (IMOs). Since 2003, we have provided exceptional customer service to our clients by operating with integrity and passion. Our efforts are supported by a dedicated workforce who execute their responsibilities through teamwork and an entrepreneurial spirit. EquiTrust sells products nationwide and is headquartered in Chicago, Illinois, with operations in West Des Moines, Iowa.

How You’ll Contribute:
As Assistant Vice President, Pricing Actuary, you will lead the development, pricing, and ongoing profitability management of EquiTrust’s annuity and life insurance products. You will manage and mentor actuarial professionals while partnering closely with Product Management, IT, Marketing, Compliance, Operations, Finance, and Corporate Actuarial teams to bring profitable, competitive products to market.

What You’ll Do:

Lead and develop a team of actuarial professionals, including hiring, performance management, workload allocation, engagement, and talent development

Design and price profitable, competitive annuity and life insurance products

Conduct competitive studies and participate in industry surveys to inform product strategy

Develop and maintain pricing models using current actuarial software and methodologies

Establish pricing assumptions, conduct profit testing, and recommend credited rates, caps, and participation rates

Manage in-force profitability through liability review and renewal rate setting

Oversee implementation of new products in partnership with IT, Marketing, Compliance, and Operations

Support regulatory compliance through form, rate, and value filings with state insurance departments

Contribute to agent, consumer, and sales materials in support of marketing and distribution efforts

Ensure timely and accurate actuarial information is provided to corporate actuarial, accounting, and finance teams

Champion EquiTrust’s core values of Integrity, Leadership, Accountability, Teamwork, and Passion

What You’ll Bring:

Education:

Bachelor’s degree in Actuarial Science, Finance, Statistics, Accounting, Computer Science, Quantitative Mathematics, or a related field

Experience:

Minimum 10 years of actuarial experience with annuities and life insurance required

Minimum 3 years of actuarial management experience required

Product development and pricing experience strongly preferred

• FSA or ASA designation required

Knowledge, Skills, and Abilities:

Strong expertise in actuarial mathematics, probability, statistics, and financial principles

Working knowledge of insurance laws and regulations

Excellent analytical, organizational, and problem-solving skills

Strong written and verbal communication and presentation skills

Ability to manage multiple priorities and meet deadlines in a dynamic environment

Proficiency with Microsoft Office and actuarial modeling tools

High level of professionalism and interpersonal effectiveness

Physical Requirements:

Primarily sedentary work with extended periods of sitting

Frequent use of computers and fine motor skills

Ability to communicate effectively (hearing, speaking, seeing)

Infrequent lifting of up to 20 lbs

Where You’ll Work:

• Work Arrangements: Mostly On-Site
• Travel Requirements: Occasional travel (approximately 5-10% of the time)

Total Rewards:

In addition to base pay, eligible employees may receive an annual discretionary incentive bonus and access to a competitive benefits package including:

• 401(k) with Company Match
• Paid time off: Vacation, Sick, Holiday, and more
• Paid Parental Leave for both Mothers and Fathers
• Hybrid/Remote Work Options
• Early Friday Closure

EquiTrust is an Equal Opportunity Employer and participates in the U.S. Federal E-Verify program. Applicants have rights under federal and state employment laws. To learn more, visit EquiTrust Careers .