Assistant Actuary or Financial Analyst V

Principal Financial Group • Des Moines, IA

62d • $100,800 - $182,400 • Hybrid

About The Position

We’re looking for an Assistant Actuary or Financial Analyst V to join the Integrated Finance Solutions team. This role will act as an Actuarial Model Consultant you will own and manage centralized MG-ALFA/Integrate models and Integrate processes to serve Business Unit modeling needs across a variety of actuarial functions. Collaboration and communication with Actuaries, Accountants, and IT professionals across the Enterprise is essential. In this role, you'll be the key contact to synthesize business needs into actionable steps and develop appropriate model solutions while adhering to industry best practice development standards. Talent and passion for actuarial modeling are a requirement to be successful! Meet modeling needs through deep model expertise, including but not limited to: End-to-end model process knowledge and troubleshooting capabilities, ALFA/Integrate development skills and feature engineering, Accountability for technical components of all respective Business Unit models in ALFA/Integrate Own month-end control process execution and change validation Manage model risk through attention to detail, thorough change validation, and an accountability mindset Apply VA/RILA product knowledge to understand and explain model outputs and change impacts Build positive and productive relationships with business unit model owners to define and deliver key objectives that drive value for the business Influence key stakeholders across the organization to drive efficient actuarial processes Effectively work as part of the broader Enterprise Modeling Team and collaborate with IT, Accounting, and other areas to understand capabilities and value alignment. 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!

Requirements

• Bachelor’s or Master's degree in Actuarial Science or related field and 4+ years of actuarial work experience required
• Strong analytical and effective communication and presentation skills
• Knowledge of Variable Annuities and Registered Index-Linked Annuities
• Knowledge of MG-ALFA or other actuarial modeling platform
• Knowledge of actuarial processes, including Valuation (STAT & GAAP), Cash Flow Testing, and Forecasting

Nice To Haves

• Fellow of the Society of Actuaries preferred. Open to a Financial Analyst with extensive modeling experience.
• Knowledge of spreadsheets, technical skills, or the ability to learn is preferred
• Able to direct the work of others and assist in their education and development

Responsibilities

• Meet modeling needs through deep model expertise, including but not limited to: End-to-end model process knowledge and troubleshooting capabilities, ALFA/Integrate development skills and feature engineering, Accountability for technical components of all respective Business Unit models in ALFA/Integrate
• Own month-end control process execution and change validation
• Manage model risk through attention to detail, thorough change validation, and an accountability mindset
• Apply VA/RILA product knowledge to understand and explain model outputs and change impacts
• Build positive and productive relationships with business unit model owners to define and deliver key objectives that drive value for the business
• Influence key stakeholders across the organization to drive efficient actuarial processes
• Effectively work as part of the broader Enterprise Modeling Team and collaborate with IT, Accounting, and other areas to understand capabilities and value alignment.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees