Actuarial Associate I, FP&A

AtAmerican Equity Investment Life Holding Company, we think of ourselves asThe Financial Dignity Company. Our policyholders work with independent agents, banks and broker-dealers through our wholly-owned operating subsidiaries, to choose one of our leading annuity products best suited for their personal needs to create financial dignity in retirement. We remain steadfast in our commitment to quality products, excellent customer service, integrity, safety and delivering on our promises to our policyholders. Our success comes from hiring people who embody the beliefs that drive our unique, energetic, fast-paced and caring culture of collaboration, ownership and innovation.

We currently fund over half a million retirements nationwide, and have been headquartered in West Des Moines, Iowa, for over twenty-five years, withsatellite offices slated to open in 2022 in Charlotte, NC, and New York, NY. We are a NYSE-listed company and maintain an "excellent" rating from AM Best. Our companyhas over $57 billion in assets, 26,000 active agents and over 650 employees.

GENERAL PURPOSE OF THE JOB:

We are actively seeking a motivated individual with a strong understanding of actuarial science and actuarial software experience to join the Actuarial team. This incumbent will have the opportunity to assist in one of various roles such as financial planning & analysis, assumption development, model management, valuation or cash flow projections within the Corporate Actuarial Team.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

This incumbent will start in the Financial Planning & Analysis (FP&A) team, and will have exposures to the following comprehensive spectrum of career opportunities through the rotations in the Actuarial Student Program:

• Assist with budgeting, forecasting and impact analysis on balance sheet and income statement across multiple financial reporting regimes (U.S. GAAP, STAT, Tax and outside U.S. jurisdictions such as Bermuda) for Company's future operations and various capital structure transactions;
• Contributes to the development of policyholder behavior actuarial assumptions from the experience study results utilizing advanced predictive modeling techniques;
• Assists with timely and accurate reporting, validation and analysis of GAAP and Stat liabilities, economic reserve, ALM, embedded value, or free cash flows;
• Assists with model update changes due to model change requests including development, testing, or review according to model governance policy;
• Collaborates with Corporate Actuarial Team (financial reporting, model and data, cash profitability, FP&A and assumptions) and other teams (e.g., Investment, ROA, Product and Pricing) to share results and influence/support optimized business strategy development.
• Supports the Actuarial Data Team in understanding the desired data and identifying solutions for MG-ALFA Modeling;
• Assists in building and enhancing internal controls;
• Assists in completing reporting deliverables on a monthly or a quarterly cycle;
• Supports applicable internal or external audit requests, such as model / assumptions / reporting internal controls;
• Performs actuarial work on a range of projects as well as special projects/other duties as assigned;
• Completes actuarial career development work as assigned;
• Performs other related work as assigned.

SUPERVISORY RESPONSIBILITIES:

None required for this position.

EDUCATION AND/OR EXPERIENCE:

• Bachelor's degree in actuarial science, mathematics, statistics or related field of study, or equivalent combination of education/and experience;
• At least three actuarial exams completed;
• Experience working with Microsoft Excel and Word required;
• Experience using SQL and relational database, and actuarial platform (such as MG-ALFA) preferred;
• Experience working with annuity products preferred.

LANGUAGE SKILLS:

• Ability to read, analyze, and interpret technical journals, financial reports, and legal documents from regulatory agencies, and other members of the business community.
• Ability to effectively present information to the Actuarial management team.

MATHEMATICAL and TECHNICAL SKILLS:

• Programing experience is highly desirable using VBA, SQL, R or some other language and the desire to apply these programming principles.
• Modeling of annuity products within MG-ALFA and using tools in Excel, SQL and R to manage model input and output.
• Database inspection in MS SQL server for data collection and validation.
• Ability to comprehend and apply principles of advanced mathematical concepts and theory.
• Intermediate level experience with MS Excel including pivot tables, VLookup, Indirect, charts, and macros.
• Exposure to MS Teams, Word, Outlook and other day-to-day business applications.

REASONING ABILITY:

• Ability to apply principles of logical thinking to a wide range of intellectual and practical problems.
• Ability to deal with nonverbal symbolism in its most difficult phases.
• Ability to deal with a variety of abstract and concrete variables.

CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:

• Actively pursuing successful completion of actuarial examinations.

OTHER NECESSARY SKILLS AND ABILITIES:

• Ability to maintain company attendance, punctuality and dependability standards as stated in the company handbook.
• Ability to work overtime as required.
• Ability to work collaboratively and successfully with fellow employees, customers, and other outside third parties.
• Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.