Sammons Financial Group Companies · 10 hours ago
Actuarial Associate 1
West Des Moines, IA
Full-time
Onsite
New Grad, Entry Level
$68K/yr - $113K/yrSammons Financial Group Companies is seeking an Actuarial Associate 1 to perform technical actuarial tasks related to modeling, data analytics, product development, and financial reporting. The role involves developing knowledge of insurance products, performing actuarial calculations, and assisting with financial reporting and risk management.
FinanceFinancial ServicesRetirement
No H1B
Responsibilities
Accurately and efficiently perform the technical actuarial tasks related to this role
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
Apply understanding of product designs and cash flows in actuarial processes and functions
Assist in preparing materials required to comply with applicable regulations
Develop basic knowledge of assumptions required for actuarial calculations and modeling and assist in applying them
Understand the rationale for making simple assumptions and judgments based on internal available data
Document assumptions made to support your work and the sources of the assumptions
Develop basic knowledge of actuarial modeling and/or valuation software, i.e. (what the key elements are, what they can be used for and their potential shortcomings)
Apply knowledge to assist in coding and running the models for a variety of purposes
Input and check the data and parameters as well as document the model inputs and model results for review by others
Develop basic knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities
Assist in analyzing basic financial reporting as needed, including balance sheets and income statements produced by actuarial models
Understand and report on pre-defined profit measures for review by others
Use spreadsheet, database and other data analytic software to perform data analysis and summarize aggregated data
Present aggregated data verbally, numerically, graphically or in another written format to highlight key features
Perform checks to confirm the robustness of the data and analysis
Understand basic concepts of relevant actuarial risks and the implications of failing to manage risk
Assist in the quantification of risk exposure and use model projections to produce management information to measure and to monitor on-going exposure
Assist with special projects as required
Work individually and/or in teams to complete projects on time and with high quality
Effectively plan and prioritize your own work in accordance with broader team or department objectives and priorities
Develop relationships with other departments and business units
As needed, perform actuarial calculations to support administration or test IT functionality
Participate in the Society of Actuaries’ examination program with a satisfactory pass record per Sammons Financial Group's actuarial study program guidelines
Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity)
As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands
Participate in other initiatives and/or projects as necessary
Qualification
Required
Bachelor's Degree preferably in the area of Actuarial Science, Mathematics, Statistics or a business-related field
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
Criminal background check required
If the position is in the SIG business unit, Annuity New Business Securities team, or if we are holding securities licenses, FINRA regulations require fingerprinting for this position; if we are holding securities licenses, a credit check will also be required
Preferred
Internship experience, ideally in the field of Actuarial Science
Benefits
Health
Dental
Vision
Company Paid Retirement
PTO
Holiday Pay
Employee Stock Ownership Plan (ESOP)
Healthy balance between work and personal lives
Friday afternoons off all year long
Competitive PTO
Generous number of paid holidays
Incentive program for defined goals subject to eligibility and performance
Monetary rewards are based on individual and/or overall company performance
Company
Sammons Financial Group Companies
Sammons® Financial Group Companies (collectively, Sammons Financial Group) provide today’s most sought after life insurance, annuity, and retirement products.
Founded in 1938
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Esfand Dinshaw
Chairman and Chief Executive Officer
Recent News
2026-01-24
2026-01-22
Morningstar.com
2025-12-08
Company data provided by crunchbase