Assistant Actuary or Financial Analyst - Variable Annuities

Principal Financial Services • Des Moines, IA

422d • $95,200 - $182,400 • Remote

About The Position

The Assistant Actuary or Financial Analyst will join the Variable Annuities team to support product development and finance-related filing requirements for Registered Index-Linked Annuities (RILA) and traditional variable annuities. This role involves collaboration with various teams to ensure accurate calculations, compliance with regulatory requirements, and analysis of actuarial assumptions and trends.

Requirements

• Bachelor's degree in math, actuarial science, finance or related field.
• 2+ years of actuarial work experience with attainment of Fellow of the Society of Actuaries (FSA) within one year in position OR 6+ years of relevant experience, pricing or coding experience is preferred.
• Self-motivated with excellent problem-solving, leadership, and analytical skills.
• Excellent communication, interpersonal, customer service, and organizational skills required.
• Ability to embrace and understand the change process and guide others through change.
• Knowledge of Excel and VBA required.

Nice To Haves

• Knowledge of Variable Annuities or Registered Index-Linked Annuities (RILA) products.
• Skill in R or SAS programming language (or similar, e.g., Python) with the ability to quickly learn R.

Responsibilities

• Work collaboratively with actuarial and product teams to deliver on growth strategy.
• Support illustration needs and collaborate with product, IT, and administration teams to ensure accurate calculations.
• Provide analysis and recommendations for actuarial assumption review, including emerging RILA experience and traditional VA block trends.
• Ensure compliance with regulatory requirements.
• Support and offer analysis for various cross-team initiatives, including claims management and data analysis.

Benefits

• Flexible Time Off (FTO) for salaried employees.
• Pension eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree