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Associate Actuary Jobs in Iowa (NOW HIRING)

Grinnell Mutual Reinsurance

ASSOCIATE ACTUARY

Des Moines, IA · On-site +1

$118K - $177K/yr

Looking for an Associate Actuary or Actuary to lead the rate review process for homeowners/farm property pricing. Responsibilities include competitor analysis, review of company and mutual experience ...

Aegon

Associate Actuary (Governance)

Cedar Rapids, IA · Hybrid

$128K - $165K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of ...

Aegon

Associate Actuary - Annuity Valuation

Cedar Rapids, IA · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of ...

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All JobsAssociate Actuary JobsAssociate Actuary Jobs in Iowa

Associate Actuary information

See Iowa salary details

$47.9K

$106.8K

$148.4K

How much do associate actuary jobs pay per year?

As of Aug 17, 2026, the average yearly pay for associate actuary in Iowa is $106,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,500.00 and $119,300.00 per year, depending on experience, location, and employer.

What is an associate actuary?

Associate Actuaries are professionals who use mathematics, statistics, and financial theory to assess risk and help organizations make informed decisions, especially in insurance and pension fields. They typically have achieved an 'Associate' designation through an actuarial society, signifying completion of required exams and professional experience. Associate Actuaries work on tasks such as pricing insurance policies, calculating reserves, analyzing financial risks, and preparing reports for stakeholders. Their work is essential for ensuring the financial stability and regulatory compliance of their organizations.

What are some common challenges associate actuaries face when transitioning from individual contributor to team projects?

Associate Actuaries often find moving from independent analysis to collaborative projects challenging, as it requires balancing technical responsibilities with effective communication and coordination with colleagues from different backgrounds. They may need to adapt their workflow to accommodate team deadlines and integrate feedback from peers, underwriters, or senior actuaries. Developing strong project management and interpersonal skills helps facilitate smooth collaboration and career progression into leadership roles.

What are the key skills and qualifications needed to thrive as an associate actuary, and why are they important?

To thrive as an Associate Actuary, you need strong analytical abilities, proficiency in mathematics and statistics, and typically an Associate designation (ASA or ACAS) from a recognized actuarial society. Familiarity with actuarial modeling software, Excel, and statistical programming languages like SAS or R is often required. Attention to detail, problem-solving skills, and effective communication help you interpret data and present findings to diverse stakeholders. These skills ensure accurate risk assessment, sound financial decision-making, and effective collaboration in the insurance and finance industries.

What is the difference between Associate Actuary vs Actuary?

AspectAssociate ActuaryActuary
CredentialsTypically requires ASA designation or equivalentRequires ASA or FSA designation
Work EnvironmentEntry to mid-level actuarial work, often in insurance or pension firmsMore advanced responsibilities, often in senior roles
Employer & IndustryInsurance companies, consulting firms, pension plansSame as Associate Actuary, but with broader responsibilities

The main difference between an Associate Actuary and an Actuary is experience level and responsibilities. An Associate Actuary is usually an early-career professional working towards full actuarial credentials, while an Actuary has completed the necessary exams and holds a more senior position with greater responsibilities.

What are the most commonly searched types of Actuary jobs in Iowa?

The most popular types of Actuary jobs in Iowa are:

What are popular job titles related to Associate Actuary jobs in Iowa?

For Associate Actuary jobs in Iowa, the most frequently searched job titles are:

What job categories do people searching Associate Actuary jobs in Iowa look for?

The top searched job categories for Associate Actuary jobs in Iowa are:

What cities in Iowa are hiring for Associate Actuary jobs?

Cities in Iowa with the most Associate Actuary job openings:

Associate Actuary jobs near you
Infographic showing various Associate Actuary job openings in Iowa as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 25% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $106,774 per year, or $51.3 per hour.

ASSOCIATE ACTUARY

Grinnell Mutual Reinsurance

Des Moines, IA • On-site, Remote

$118K - $177K/yr

Other

Posted 19 days ago

Job description

Overview
Looking for an Associate Actuary or Actuary to lead the rate review process for homeowners/farm property pricing. Responsibilities include competitor analysis, review of company and mutual experience, assessment of industry trends, application of predictive modeling techniques, and ensuring compliance with regulatory requirements. These analyses help influence strategic direction. This is a highly visible role and a great starting point for a high performer looking to establish a career with a solid company.
This position qualifies for our flexible workplace options, including remote. Work at our Grinnell, Iowa, headquarters or from a home office in any of the following states: Alabama, Arizona, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Virginia, Wisconsin, and Wyoming. Please note that candidates must be eligible to work in the U.S. without Grinnell Mutual sponsorship.
Responsibilities
  • Reviews experience by line of business and performs actuarial analyses including rate indications and relativity analysis.

  • Performs competitive analysis using competitor filings to support the development of marketable rating plans.

  • Develops and refines rating structures considering pricing competitiveness, systems impact, and regulatory requirements.

  • Develops new insurance products and innovates rating plans.

  • Analyzes product profitability and sensitivity to key assumptions, providing insights for pricing and underwriting.

  • Analyzes loss data and renders opinions to support premium growth and risk mitigation.

  • Assesses and quantifies financial, market, and operational risks.

  • Improves financial decision-making by developing models to evaluate financial implications of uncertain future events.

  • Presents rate proposals to management and collaborates on implementation of rate actions.

  • Provides actuarial support for filings, creates specifications for rate and methodology changes, and oversees regulatory filings, including certification.

  • Monitors statutes, regulations, and bulletins to determine pricing impacts and ensure compliance.

  • Uses data mining and predictive modeling techniques to identify patterns and relationships.

  • Analyzes and cleans data, presenting findings clearly and accurately.

  • Utilizes modeling and analytical software proficiently (e.g., Excel, SQL, R, Python).

  • Determines data requirements and definitions with system management and evaluates data accuracy.

  • Assesses the company's position and recommends strategies to achieve optimal profitability.

  • Evaluates and proposes alternative business strategies.

  • Reviews existing processes and controls, providing recommendations and documenting improvements.

  • Assesses actuarial implications of business decisions.

  • Participates in peer reviews to ensure quality and drive innovation.

  • Assists internal departments with inquiries related to rates, rules, and pricing.

  • Makes presentations and responds to external customer inquiries.

  • May represent the company with regulators, auditors, and other external partners.

  • Trains and mentors staff on rating procedures and identifies training needs for new associates.

  • Coordinates cross-functional efforts and influences outcomes without direct authority.

  • Maintains strong relationships across departments and levels.

  • Travel required as business needs dictate.

  • Performs other duties as assigned.

Qualifications
  • Bachelor's degree in Actuarial Science, Statistics, Mathematics, or related field.

  • ACAS required.

  • Fellow designation is a plus.

  • Five years preferred experience in property and casualty pricing or ratemaking; reinsurance knowledge preferred.

  • High proficiency in Excel and analytical tools (SQL, R, Python).

  • Strong communication skills with the ability to interpret technical documents and respond to stakeholders.

  • Effective presenter to senior leaders, industry groups, and/or boards.

  • Demonstrates uncompromising integrity and professional ethics.

  • Exceptional analytical and problem-solving skills; able to work with abstract variables and draw sound conclusions.

  • Effective time management; able to manage multiple projects and adapt to changes and interruptions.

  • Strong business and product acumen; sound judgment under pressure.

  • Strong interpersonal, collaboration, and negotiation skills.

  • Ability to work independently or as part of a team.

  • Able to drive continuous improvement and innovation.

  • Must maintain confidentiality and adhere to all company policies and core values.

Compensation
The salary range for the position is $118,000 - $177,500. For a list of benefits, click here.
Working conditions and physical efforts
To perform this job successfully, an individual must be able to perform each job duty and responsibility satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform job duties and responsibilities.
  • Work may be fast-paced with multiple projects and tight deadlines; hours outside core schedule may be required.

  • This position follows the company's Work from Anywhere guidelines, ensuring business needs are met.

  • Requires extended periods of stationary computer work.

  • Internal contacts include project managers, analysts, finance, underwriting leadership, reinsurance leadership, and operations divisions.

  • Frequent work with state regulators and occasional contact with auditors.

This job description is not intended to describe, in detail, the multitude of tasks that may be assigned, but rather to give the employee a general sense of the responsibilities and expectations of the position. As the nature of the business demands change, so too may the job duties and responsibilities.
Grinnell Mutual is an Equal Opportunity Employer in accordance with applicable state and federal laws.

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