Assistant Vice President, Pricing Actuary
About The Position
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. 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.
Requirements
- Bachelor’s degree in Actuarial Science, Finance, Statistics, Accounting, Computer Science, Quantitative Mathematics, or a related field
- Minimum 10 years of actuarial experience with annuities and life insurance required
- Minimum 3 years of actuarial management experience required
- FSA or ASA designation required
- 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
- 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
Nice To Haves
- Product development and pricing experience strongly preferred
- Product management experience preferred
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 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
Benefits
- 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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
