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Actuarial Associate 1

United States, West Des Moines, Iowa 69523.00 - 115871.00 USD / Year · Job Posted April 25, 2026
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Job Responsibility

  • Develop basic working knowledge of Sammons Financial Group products related to area of focus
  • Understand the basic types of insurance contracts and actuarial related regulations, basic product features and policy transactions
  • Develop basic knowledge of assumptions required for actuarial calculations and modeling
  • Develop basic knowledge of actuarial modeling and/or valuation software
  • Develop basic knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities
  • Use spreadsheet, database and other data analytic software to perform data analysis
  • Understand basic concepts of relevant actuarial risks and the implications of failing to manage risk
  • Assist with special projects as required
  • Develop relationships with other departments and business units
  • Participate in the Society of Actuaries’ examination program with a satisfactory pass record
  • Commitment to embrace Sammons Financial Group Companies shared values
  • Regular attendance is required and expected
  • Participate in other initiatives and/or projects as necessary

Requirements

  • Bachelor's Degree preferably in the area of Actuarial Science, Mathematics, Statistics or a business-related field Required
  • Internship experience, ideally in the field of Actuarial Science Preferred
  • Possess a high level of mathematical ability, strong analytical skills and pay attention to detail
  • Possess strong computer skills, including spreadsheets, databases and word processing
  • Possess strong written and verbal communication skills
  • Highly motivated to develop a strong knowledge base of the insurance industry and an ability to learn about Sammons Financial Group products, procedures, and operations
  • Ability to research problems or questions and provide responses to the requestor
  • Ability to work both individually and as part of a team
  • Highly organized with the ability to work on multiple projects
  • Ability to work effectively in an office environment
  • Must have passed a minimum of one (1) actuarial exam
  • Continued pursuit of an actuarial designation in the Society of Actuaries' examination program Required
  • Criminal background check required

What we offer

  • Comprehensive health coverage for you and your family, including Medical, Dental, Vision, HSA & FSA options, and term life insurance
  • Competitive compensation with a performance-based incentive program
  • 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k)
  • Friday afternoons off year-round, generous paid time off, and paid holidays
  • Paid development time, tuition reimbursement, and professional development opportunities
  • Volunteer time off, and our company nonprofit matching gift program

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