Posted: 01/25/2026

Actuarial Science

NOTE: This job was posted to the West Des Moines Chamber Job Board by one of our member businesses and is not a job available at the West Des Moines Chamber.

About The Job

Posting Title: Actuarial Associate, Product

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 an Actuarial Associate, Product you will support actuarial modeling, valuation, and ALM risk analysis for life and annuity products. You will work closely with actuaries, finance, investments, and risk partners to help ensure accurate modeling, effective controls, and meaningful insights that support risk management and financial decision-making.

What You’ll Do

Support the conversion and enhancement of actuarial valuation and modeling systems

Develop, test, and document actuarial model updates in ALFA and related systems

Assist with asset modeling techniques and projection of asset cash flows, including structured assets

Support the integration of new products into corporate in-force models

Analyze asset/liability modeling and risk results and help interpret key drivers

Prepare monthly and quarterly valuation runs, review results, and analyze reserve movements

Assist with annual cash flow testing and monitoring of financial results

Maintain documentation, controls, and governance supporting modeling and reporting processes

Support internal and external audits and respond to information requests

Collaborate with team members and business partners to support departmental and company objectives

Education

What You’ll Bring:

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Analytics, or a related field

Experience

1+ year of actuarial experience

Exposure to life insurance and/or fixed indexed annuity products preferred

Completion of 2 SOA exams required

Continued progress toward actuarial credentials encouraged and supported

Knowledge, Skills, And Abilities

Working knowledge of Microsoft Office, including Excel and Access

Familiarity with actuarial modeling tools such as ALFA or ARCVAL

Strong analytical, problem-solving, and organizational skills

Ability to communicate actuarial concepts and results to non-technical audiences

Ability to manage multiple priorities and meet deadlines

Self-motivated, detail-oriented, and able to work both independently and collaboratively

Physical Requirements

Primarily sedentary work involving extended computer use

Ability to communicate effectively in meetings and discussions

Occasional lifting of light materials (up to 20 lbs.)

Where You’ll Work

Location: West Des Moines, Iowa

Work Arrangements: Mostly Off-Site

Travel Requirements: Not required

Total Rewards

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

Medical, Dental & Vision Coverage

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.

HYBRID

Actuarial Associate, Reinsurance

EquiTrust Life Insurance Company

7100 Westown Parkway Suite 200 West Des Moines IA 50266
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Additional Postings Available From EquiTrust Life Insurance Company

Actuarial Associate, Valuation

Actuarial Associate, Modeling

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Actuarial Associate, Reinsurance