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What You'll Do

We’re looking for an Actuary to join our Life Risk Modeling team. In this role, you will lead a tactical team, perform asset liability management (ALM) work, and synthesize complex analyses to develop clear, actionable recommendations for senior management!

• Perform cash flow testing and asset adequacy analysis to ensure long-term solvency and financial resilience, aligning with regulatory requirements and actuarial standards of practice.

• Research and stay apprised of changes in pertinent regulations to ensure compliance in analysis and decision making. Apply actuarial analysis in the development and maintenance of sound, efficient, and accurate systems to support calculations and recommendations.

• Lead or participate in business unit or cross company projects as a subject matter expert. Provide analytical and research-based consultation to achieve cost effective and strategic solutions.

• Contribute to financial and strategic planning initiatives within business unit by identifying key priorities based on internal and external needs.

• Responsible for duties associated with management of staff including, but not limited to: hiring, salary administration, and performance management. Provide strategic direction and leadership to direct reports on the day-to-day functions of their jobs.

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 or equivalent required

• A Fellow of the Society of Actuaries, or global equivalent, or Enrolled Actuary and 8+ years actuarial experience required

• 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

• Basic knowledge of Life Risk Management and Asset Liability Management

• Informal or formal leadership experience

• Must maintain continuing education requirements as specified by the SOA or AAA

• Good communication skills and knowledge of spreadsheet and database or similar PC software packages, or ability to learn

Skills That Will Help You Stand Out

• Life insurance knowledge

• ALFA modeling experience

Job Level

We’ll consider talent at the next level with the right experiences and skills.

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 (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$137000 - $207000 / 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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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.

Original Posting Date

11/20/2024

Most Recently Posted Date

11/20/2024

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