We're looking for an Associate Actuary to join our Variable Annuities team. In this role, you'll lead the pricing and product development efforts related to our traditional VA products! We're looking for someone who will:
- Work collaboratively with actuarial and product teams to deliver on our growth strategy.
- Own and coordinate the calculation of strategic metrics across the variable annuity line of business, including profit and growth metrics that go to the board
- Lead efforts of analysis and recommendations for actuarial assumption review on our traditional VA block.
- Collaborate with the RIS Modeling Team in providing critical review and modeling assistance for the variable annuities forecast model and cash flow testing models.
- Provide analysis and support for a variety of potential cross-team initiatives such as claims management, large case sales, data analysis, and more.
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Who You Are
- Bachelor's degree in math, actuarial science, finance or related field.
- A Fellow of the Society of Actuaries, or global equivalent
- 6+ years actuarial experience
- Knowledge of pertinent laws, regulations, the Actuarial Standards of Practice promulgated by the Actuarial Standards Board, and the Code of Professional Conduct of the AAA and the SoA is required
- Self motivated with excellent problem solving, leadership, and analytical skills.
- Ability to work both independently and collaboratively required
- Excellent communication, interpersonal, and time management skills required.
- Demonstrates the ability to navigate change and a mindset of continuous improvement. Effectively guides and encourages others through change.
- Knowledge of Excel and VBA required.
- Knowledge of Variable Annuities products, or ability to learn quickly.
- Skill in ALFA modeling, or ability to learn quickly
- Knowledge of product pricing and financial statements, or ability to learn quickly
- Skill in programming language (SAS, R, Python, or similar, or ability to learn).
Salary Range Information
Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range
$123000 - $167000 / year
Time Off Program
Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible
Yes
Additional Information
Work Environments
This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, or Charlotte, NC). You'll work with your leader to figure out which option may align best based on several factors.
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Posting Window
We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.
Date First Posted (TTF)
2/19/2025
Latest Post Date: Careers - US
2/19/2025
LinkedIn Remote Hashtag
#LI-Remote