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Financial Modeling Intern Jobs in Iowa (NOW HIRING)

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Financial Modeling Intern information

What types of projects or tasks can I expect to work on as a financial modeling intern?

As a Financial Modeling Intern, you can expect to assist with building and maintaining financial models that support budgeting, forecasting, and valuation analyses. Typical tasks include gathering and analyzing financial data, preparing Excel spreadsheets, and helping to create presentations for internal or client use. You'll often work closely with senior analysts and finance teams, gaining exposure to real-world business scenarios and learning industry best practices. This experience offers valuable insight into corporate finance functions and can serve as a strong foundation for future advancement in the field.

What are the key skills and qualifications needed to thrive as a financial modeling intern, and why are they important?

To thrive as a Financial Modeling Intern, you need a strong grasp of finance and accounting principles, quantitative analysis, and proficiency with Microsoft Excel, often supported by coursework in finance or related fields. Familiarity with financial modeling software, databases like Bloomberg or Capital IQ, and sometimes CFA Level I candidacy or similar certifications is advantageous. Attention to detail, analytical thinking, and effective communication skills help interns interpret data and present findings clearly. These skills are essential for producing accurate models, supporting investment decisions, and contributing value to financial teams.

What is the difference between Financial Modeling Intern vs Financial Analyst Intern?

AspectFinancial Modeling InternFinancial Analyst Intern
Required CredentialsBasic finance knowledge, coursework in finance or related fieldsSimilar, often with additional coursework or certifications
Work EnvironmentInternship programs in finance, investment banks, or corporate finance teamsInternship roles in finance departments, investment firms, or banks
Employer & Industry UsageUsed in finance, investment banking, private equity, and corporate financeCommon in finance, banking, and investment sectors

The main difference between a Financial Modeling Intern and a Financial Analyst Intern lies in their focus. A Financial Modeling Intern primarily develops and maintains financial models, while a Financial Analyst Intern conducts broader financial analysis and research. Both roles are entry-level, require similar educational backgrounds, and are found in similar industry settings, but their core responsibilities differ slightly.

What does a financial modeling intern do?

A Financial Modeling Intern assists with creating and analyzing financial models used to project a company's financial performance and support business decisions. This role often involves using Excel to build models, conducting research on financial data, and supporting senior analysts in preparing presentations or reports. Interns may also help evaluate investment opportunities, perform valuation analysis, and update existing financial models. The position is ideal for students interested in finance, investment banking, or corporate strategy.

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

The most popular types of Financial Modeling jobs in Iowa are:

What are popular job titles related to Financial Modeling Intern jobs in Iowa?

For Financial Modeling Intern jobs in Iowa, the most frequently searched job titles are:

What cities in Iowa are hiring for Financial Modeling Intern jobs?

Cities in Iowa with the most Financial Modeling Intern job openings:

Associate Actuary - Pricing

American Equity

Des Moines, IA • On-site

Full-time

Posted 22 days ago


Job description

American Equity Investment Life Insurance Company is a leading provider of annuity solutions designed to help clients protect and grow retirement income. Part of Brookfield Wealth Solutions, we partner with more than 40,000 financial professionals and help fund over half a million retirements nationwide. Recognized by Newsweek as one of America's Most Trustworthy Companies and named a Top Workplace in Iowa, American Equity fosters a collaborative and purpose-driven culture where employees are empowered to ignite their passion and help shape the future of financial services.
Headquartered in Des Moines, Iowa, with satellite offices in Charlotte, NC and New York, NY, American Equity provides opportunities for employees to support work across the enterprise, including our sister company, American National, headquartered in Houston, Texas.
Actuarial Student Program:
The Actuarial Student Program (ASP) at American Equity is an industry-leading program that demonstrates American Equity' s commitment to creating highly qualified business leaders. As an ASP participant, you'll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Student Program includes a series of rotations, typically every 18-24 months. For each rotation, roles are available in different functional areas of the department. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Reinsurance, Inforce Management, Valuation, Financial Projections, Risk Management, Financial Planning & Analysis, Experience Studies, Modeling and Data Analytics & Actuarial Transformation.
ASP participants are expected to pass the Society of Actuaries' exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader.
Additional Program Highlights:
  • Highly competitive compensation package with salary increases and bonuses upon successful exam completion
  • Social and training opportunities to enhance skills, network with ASP participants and build long-lasting industry relationships
  • Dedicated leaders and mentors to assist with career development
  • Work with actuarial and data science software and technologies including MG-ALFA, Python, R, and Tableau
  • Generous study time allowances for each exam sitting
  • Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program

GENERAL PURPOSE OF THE JOB:
The Associate Actuary provides pricing support and analysis for new and existing products. Assist in the design and creation of pricing models and analysis as well as documentation of approach, results, and potential risks. Work with product development team to implement modeling approach into production models.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Performs feasibility analysis of new product ideas and existing product changes
  • Build pricing models using MG-ALFA/Integrate that will require significant creativity and custom coding to assess a variety of unique products and product features
  • Asses the profitability and risks within the products through sensitivity testing, assumption review, and other approaches using an established framework
  • Create documentation and communicate findings including profitability, modeling approach, and potential risks within new and existing annuity product concepts
  • Participate in & contribute to product ideation process including discussions regarding potential future product concepts
  • Assist the Product & Pricing team with implementation of new designs in production models
  • Contributes to department-wide process improvement efforts, including training product team on company process improvement program tools and methodologies, identifying inefficiencies and developing and prioritizing corrective actions
  • Collaborate with ALM, valuation, finance, tax, hedging, legal, and various other partners as part of the model development process to ensure pricing analysis accounts for all key elements involved in new business modeling.
  • Supports the modernization of existing statutory reserve calculation and reporting processes for pricing projects.
  • Performs actuarial work on a range of projects.
  • Completes actuarial career development work as assigned.

SUPERVISORY RESPONSIBILITIES:
Direct Reports: None to One (1) actuarial associate, analyst or intern
EDUCATION AND/OR EXPERIENCE:
Bachelor's degree (B.A.) from four-year college or university in actuarial science, math or other related field; plus a minimum of three (3) years of progressively responsible actuarial experience; or equivalent combination of education and/or experience.
Must have experience working with MS Excel and MG-ALFA.
R and/or any other coding is desirable.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
Associate of the Society of Actuaries (ASA) designation preferred.
KNOWLEDGE, SKILLS AND ABILITIES:
  • Knowledge of policy values and benefit calculations for Fixed Indexed Annuities
  • Expert/advanced level of ability in Microsoft Excel required
  • Experience with MG-ALFA and/or Integrate
  • Effective verbal and written communication skills with ability to effectively present information and respond to questions
  • Strong systems aptitude.
  • Advanced mathematical skills and strong attention to detail.
  • Ability to work cooperatively and successfully with employees, customers, and other outside third parties.
  • Strong organizational and planning skills.
  • Proficient in the use of Microsoft Office Suite.
  • Ability to write reports, business correspondence, and procedure manuals.
  • Ability to read, analyze, and interpret general business periodicals, professional journals and technical/operational procedures.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
  • Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.

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.
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At American Equity, our core values-Empowered, Passion, Integrity, and Caring-are more than words. They guide how we support one another and how we serve our clients every day. To learn more about American Equity, our culture, and our values, visit the Careers site.
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