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American Equity Derivative Analyst III in West Des Moines, Iowa


American Equity Investment Life Insurance Company is a leading retirement income provider specializing in fixed index annuities designed to protect principal and guarantee income. American Equity is committed to quality products and high-level customer service, integrity, excellence and safety, delivering customers the promise of protected growth of their savings and the dignity of a paycheck for life.

Founded in 1995, they currently fund over half a million retirements nationwide. American Equity is a NYSE-listed company and maintains an “excellent” rating from AM Best. The company is the #3 producer of fixed income annuities, has over $57 billion in assets, 21,000 active agents and over 600 employees. They succeed by hiring people who embody the beliefs that drive their unique, energetic, fast-paced and caring culture. The team is built on trust, motivated to accomplish a shared mission through collaboration, ownership, drive and innovation.


The Derivative Analyst III is responsible for trading to meet daily hedging requirements as needed and troubleshoot issues when they occur. The Analyst requires little to no supervision and provides oversight to and mentors junior analysts. The Analyst will assist with updates to procedures and programming needs to improve hedging effectiveness and perform various reporting and analysis for the derivative portfolio. The Analyst maintains relationships with counterparty brokers and traders, significantly important to this position. The incumbent also acts as a backup for Derivative Portfolio Manager.


  • Executes derivative trades with best pricing possible.

  • Contributes to reports and processes that enable the efficient and transparent oversight of the derivative portfolio.

  • Develops and documents changes in procedures and work with IT on any programming needs to improve hedging effectiveness.

  • Interprets trends in option pricing and policyholder movements and decimates findings to Derivative Portfolio Manager.

  • Prepares various quarter end reporting and performs analysis of the derivative portfolio; assist both internal and external auditors with exams.

  • Applies comprehensive and extensive knowledge of the derivative portfolio including the market and the Company’s various products and option strategies.

  • Provides oversight to and mentors more junior analysts to develop their derivative knowledge.

  • Acts as backup for other more junior derivative analyst duties and performs Derivative Portfolio Manager duties in their absence.

  • Collaborates closely with Derivative Portfolio Manager in forming and implementing hedging strategies.

  • Monitors the derivative portfolio closely for any risks or potential issues and provides solutions.

  • Monitors and processes daily margin calls and assists Treasury with the cash management of collateral to maintain yields at or near the required Fed Funds rate.

  • Researches and gathers data on market trends, expectations, risks and new valuation methodologies and decimates those findings to the Derivative Portfolio Manager.

  • Develops and increases both internal and external leadership skills.

  • Builds and maintains strong relationships with outside derivative brokers and traders.

  • Mentors and guides lower level analysts.

  • Performs other related work as assigned.


Direct Reports: 0

General Description of Indirect Reports (2 and 3-downs): 0

*Job does not have direct reports but is expected to develop leadership skills by mentoring and guiding lower level analysts.


  • Bachelor’s degree in business or related field of study; plus a minimum of 8 years related experience; or equivalent combination of education and/or experience is required.

  • In-depth experience working with derivatives.

  • Master’s degree preferred.


  • Chartered Financial Analyst (CFA) preferred or must work towards attaining CFA designation.


  • Strong written and verbal skills with ability to effectively present information and respond to questions from groups.

  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedure, or government regulations.

  • Comprehensive knowledge of derivatives.

  • Strong customer service orientation and interpersonal skills.

  • Ability to work with and apply mathematical concepts and applications to tasks.

  • Strong problem-solving skills with ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

  • Strong attention to detail with ability to recognize errors.

  • Strong analytical skills.

  • Proficiency with Microsoft Office applications with emphasis on Excel and Access.

  • Ability to prioritize tasks, meet deadlines and manage multiple projects simultaneously.

  • Ability to be adaptable.

  • Ability to build and maintain effective relationships with peers, derivative counterparties, internal management, Accounting and both internal and external Auditors.

  • Ability to work cooperatively and successfully with co-employees, customers, and other outside third parties.

  • Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.

  • Ability to travel 5% of the time.