Assistant Actuary

Principal Financial Group • Des Moines, IA

1d • Hybrid

About The Position

We’re looking for an Assistant Actuary to join our Workplace Benefits Group Disability & Life Pricing team. Associate Actuary level will be considered for the right candidate. In this role, you’ll work collaboratively to drive forward pricing and product development efforts related to our suite of Disability & Life products! We're looking for someone who will:
Become the lead Actuarial resource in developing new pricing methodologies and strategies across our Disability & Life products. This work is not prescribed; the best candidates will be open to creative solutions to pricing and analytic methods.
Develop as a subject-matter expert in the pricing mechanics of our Long-Term Disability (LTD), Short-Term Disability (STD), and Paid Family Medical Leave (PFML) products. Some exposure to the Group Life products over time, as needed.
Build, maintain, and improve processes relating to evaluating the health of the Disability & Life products, including data creation/validation, Actuarial analysis, internal and external communication, financial impacts, and forecasts.
Provide analysis and support for a variety of potential cross-team initiatives such as claims management, underwriting, renewal processes, and more.
Opportunity to direct projects while having indirect leadership on Actuarial students, analysts, and interns to build leadership abilities.
Work collaboratively with Actuarial, Product, Underwriting, and Distribution to deliver on our growth strategy.
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 degree and an FSA (Fellow of the Society of Actuaries or global equivalent)
• 2+ 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.
• Knowledge of Excel and VBA required.

Nice To Haves

• Actuarial modeling, either legacy process or utilizing new technologies
• Skilled in a programming language (SAS, R, Python, or similar)

Responsibilities

• Become the lead Actuarial resource in developing new pricing methodologies and strategies across our Disability & Life products.
• Develop as a subject-matter expert in the pricing mechanics of our Long-Term Disability (LTD), Short-Term Disability (STD), and Paid Family Medical Leave (PFML) products.
• Build, maintain, and improve processes relating to evaluating the health of the Disability & Life products, including data creation/validation, Actuarial analysis, internal and external communication, financial impacts, and forecasts.
• Provide analysis and support for a variety of potential cross-team initiatives such as claims management, underwriting, renewal processes, and more.
• Opportunity to direct projects while having indirect leadership on Actuarial students, analysts, and interns to build leadership abilities.
• Work collaboratively with Actuarial, Product, Underwriting, and Distribution to deliver on our growth strategy.

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