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American Equity Actuary, New Business Implementation in West Des Moines, Iowa


American Equity Investment Life Insurance Company is a leading retirement income provider specializing in fixed index annuities designed to protect principal and guarantee income. American Equity is committed to quality products and high-level customer service, integrity, excellence and safety, delivering customers the promise of protected growth of their savings and the dignity of a paycheck for life.

Founded in 1995, they currently fund over half a million retirements nationwide. American Equity is a NYSE-listed company and maintains an “excellent” rating from AM Best. The company is the #3 producer of fixed income annuities, has over $57 billion in assets, 21,000 active agents and over 600 employees. They succeed by hiring people who embody the beliefs that drive their unique, energetic, fast-paced and caring culture. The team is built on trust, motivated to accomplish a shared mission through collaboration, ownership, drive and innovation.


The New Business Implementation Actuary, Product is responsible for interdepartmental new product implementation support. The incumbent will actively collaborate with other business leaders within the legal, compliance and IT departments. As a team leader within the client solutions department, the incumbent supervises as well as contributes to the development, validation, and production of actuarial materials, calculation tools, and associated analysis.


  • Collaborates with IT & operations departments to ensure consistency between product design specifications, contract language, and administration system requirements.

  • Collaborates with legal and compliance departments to develop and approve new contract language consistent with product specifications.

  • Constructs Actuarial materials and memoranda for new contract regulatory filings with individual state insurance departments and/or the Interstate Insurance Compact.

  • Researches and prepares accurate and timely responses to filing objections.

  • Collaborates with marketing and distribution departments to ensure calculation accuracy within marketing material and exhibits.

  • Creates and maintains validation tools to support accuracy within policy administration system(s) during implementation of new products.

  • Creates and maintains validation tools to support accuracy within policy illustration system(s).

  • Demonstrates current understanding of standard nonforfeiture requirements for fixed and indexed (non-variable) annuities across key US regulatory jurisdictions.

  • Ensures timely and accurate results to serve key stakeholders.

  • Contributes to improved efficiency through enhanced and automated processes.

  • Manages the selection and retention of talent, continuous feedback and performance management, reward and recognition, corrective action and employee development.

  • Monitors developments in the actuarial industry and remains current on applicable regulatory matters from a product perspective.

  • Performs other related work as assigned.


Direct Reports: 2-3

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


  • Bachelor’s degree in actuarial science, or related field of study; plus a minimum of 6 years of related actuarial experience, or equivalent combination of education/and experience.

  • Prior experience with Fixed Indexed Annuities (FIA’s) preferred.


  • ASA, MAAA required. FSA, MAAA preferred.


  • Exceptional attention to numeric and other detail.

  • Strong statistical and advanced math skills, including excellent Excel skills.

  • Ability to effectively interpret policy contract language and identify any inconsistencies between the contract, product specifications, and policy value exhibits or illustrations.

  • 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 technical information to top management, public groups, and/or boards of directors.

  • Ability to comprehend and apply principles of advanced mathematical concepts and theory.

  • Ability to apply principles of logical thinking to a wide range of intellectual and practical problems.

  • Ability to define problems, collect data, establish facts and draw valid conclusions.

  • Ability to deal with a variety of abstract and concrete variables.

  • Ability to work cooperatively and successfully with employees, customers, reinsurers, vendors and other outside third parties.

  • Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.

  • Ability to meet defined implementation deadlines with often shifting priorities and an unpredictable workflow.

  • Minimal to no travel is required in this position.

This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job-related instructions and be required to perform other job-related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.