AVP & Actuary

Principal Financial Group • Des Moines, IA

8h • Hybrid

About The Position

We’re looking for an AVP & Actuary to join our Benefits & Protection team! In this role you'll manage the actuarial and product development functions, provide actuarial advice on unusual, complex, and financially significant insurance and other financial products. You'll also serve as an advisor to business unit(s) on financial risk and investment requirements. This person will develop and oversee product strategy, product pricing, and product design, ensure compliance with applicable state, federal, and country regulations and apply professional standards of the American Academy and the Society of Actuaries in their work activities.

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

• College graduate or equivalent, a Fellow of the Society of Actuaries (FSA), and a member in good standing of the American Academy of Actuaries (AAA) 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.
• In-depth knowledge of area of actuarial specialty and broad knowledge of other insurance areas including product development, product pricing and risk.
• Must maintain continuing education requirements as specified by the AAA.
• Strong communication skills and management skills are required.

Nice To Haves

• 15 years of experience in the actuarial field is preferred.
• Actuarial and product development experience is preferred.

Responsibilities

• Manage the actuarial and product development functions.
• Provide actuarial advice on unusual, complex, and financially significant insurance and other financial products.
• Serve as an advisor to business unit(s) on financial risk and investment requirements.
• Develop and oversee product strategy, product pricing, and product design.
• Ensure compliance with applicable state, federal, and country regulations.
• Apply professional standards of the American Academy and the Society of Actuaries in their work activities.
• Direct a business unit's actuarial function that performs pricing, financial reporting/analysis, design and analysis of insurance products and other financial products in the domestic and the international markets.
• Serve as the actuarial compliance officer for the business.
• Serve as a head of product line while aligning the objectives of product development and pricing strategies to meet the financial needs and revenue goals of the business.
• Provide resource planning for current and future needs of the actuarial and product functions.
• Develop professional staff through training, management of work activities, and performance reviews.
• Provide input to strategic planning and interact with business units and corporate management regarding impact on business.
• Represent the company through serving on professional or industry committees, dealing with vendors or making customer presentations.
• Perform other job-related duties or special projects as required.

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.
• Pension Eligible

What This Job Offers

• Job Type: Full-time
• Career Level: Manager