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AVP, Actuary

American Equity
Posted 2 months ago, valid for 15 days
Location

West Des Moines, IA 50265, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The AVP, Actuary position at American Equity requires 10+ years of progressive actuarial experience, particularly in asset adequacy analysis.
  • This role involves leading asset adequacy analysis for fixed indexed annuities, collaborating across departments, and managing a high-performing team.
  • Candidates must hold a Bachelor’s degree in actuarial science or a related field, and possess professional designations such as FSA, MAAA or ASA, MAAA.
  • The position offers a competitive salary, although the specific amount is not mentioned in the job description.
  • Preferred qualifications include prior experience with MG-ALFA and at least 4 years of leadership experience.

 

GENERAL PURPOSE OF THE JOB:   

The AVP, Actuary is responsible for leading critical asset adequacy analysis to ensure the long-term solvency of our organization. This role offers the opportunity to influence strategic decisions, collaborate across departments, and manage a high-performing team all while working on complex, rewarding challenges in the annuity space.

ESSENTIAL DUTIES AND RESPONSIBILITIES:  

  • Drive timely and accurate asset adequacy analysis for fixed indexed annuities and other annuity blocks, ensuring financial strength and regulatory compliance.
  • Monitor industry trends, regulatory changes, and best practices to keep processes cutting-edge.
  • Partner with Corporate Actuarial (valuation, modeling, FP&A, assumptions) and teams like Investments, Product, and Pricing to share insights and shape business strategy.
  • Manage and mentor a diverse team of actuaries, fostering growth, engagement, and excellence.
  • Serve as the go-to resource for cash flow testing frameworks.
  • Work closely with Investments to model and validate asset cash flows and market values using MG-ALFA.

SUPERVISORY RESPONSIBILITIES:

Direct Reports:

Two (2) to three (3) actuarial associates, analysts and interns.

General Description of Indirect Reports (2 and 3-downs): 0 to 1

EDUCATION AND/OR EXPERIENCE:  

  • Bachelor’s degree in actuarial science or related field.
  • 10+ years of progressive actuarial experience, including asset adequacy analysis.
  • Prior experience with MG-ALFA or similar actuarial software.
  • Prior experience leading cashflow testing is preferred
  • 4+ years of leadership experience preferred.

CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:

  • FSA, MAAA or ASA, MAAA required.

KNOWLEDGE, SKILLS AND ABILITIES:

  • Deep knowledge of financial reporting, regulatory requirements, and ASOPs.
  • Proficiency in modeling fixed indexed annuities under various jurisdictions (e.g., Bermuda) and capital models.
  • Strong understanding of reinsurance transactions and asset-liability modeling.
  • Advanced analytical and statistical skills, including Excel modeling.
  • Exceptional attention to detail and ability to manage complex projects and a team under tight deadlines.
  • Strong communication skills to present technical concepts to senior leadership and stakeholders.

 

#LI-AS1

 

 

 

At American Equity, our core values—Empowered, Passion, Integrity, and Caring—are more than words. They guide how we support one another and how we serve our clients every day. To learn more about American Equity, our culture, and our values, visit the Careers site.

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