Associate Actuary - Variable Annuities

Principal Financial Group • Des Moines, IA

12d • $127,000 - $171,000 • Hybrid

About The Position

We’re looking for an Associate Actuary to join our Variable Annuities team. In this role, you’ll work collaboratively to drive forward pricing and product development efforts related to our VA and RILA products! We're looking for someone who will:
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 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.

Nice To Haves

• Knowledge of Variable Annuities and RILA products, or ability to learn quickly
• Knowledge of product pricing and financial statements, or ability to learn quickly
• Skill in actuarial modeling, or ability to learn quickly
• Skill in a programming language (SAS, R, Python, or similar, or ability to learn)

Responsibilities

• Work collaboratively with actuarial and product teams to deliver on our growth strategy.
• Lead efforts of analysis and recommendations for actuarial assumption review on our 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.
• Contribute to generation of strategic metrics across the variable annuity line of business, including profit and growth metrics that go to the board.
• Provide analysis and support for a variety of potential cross-team initiatives such as claims management, large case sales, data analysis, and more.

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