We’re looking for an Associate Actuary to join our Variable Annuity team leading Financial Reporting.  The Associate Actuary is responsible for directing and providing analytical leadership for GAAP and Statutory reporting functions across a growing block of traditional variable annuity and RILA business.  You’ll promote effective use of actuarial techniques, tools, and methodologies, as well as lead and conduct research related to what-if analysis, forecasting, and financial problem solving.

Responsibilities:

• Lead and direct a small team in preparation and communication of monthly GAAP and Statutory financial results for traditional variable annuity and RILA products. Research and stay apprised of changes in pertinent regulations to ensure compliance.
• Apply actuarial analysis in the development and maintenance of sound, efficient, and accurate systems and models to support calculations and recommendations.
• Perform annual VM21 regulatory reporting and reserve requirements, including the VM31 report and audit correspondence.
• Coordinate quarterly forecasts that support financial planning, risk management, and enterprise decision-making.
• Develop strong partnerships across stakeholders and business partners, including actuarial, accounting, financial planning & analysis, audit, and more.
• Partner with actuarial leaders to ensure modeling processes meet product needs.
• Lead or participate in business unit or cross company projects. Provide research-based consultation to achieve cost effective and strategic solutions.
• Cultivate talent, provide technical collaboration, and promote a highly engaged team.
• Influence across the organization to drive improved actuarial processes.

• 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.
• A Fellow of the Society of Actuaries, or global equivalent, or Enrolled Actuary required.
• Basic knowledge of traditional variable annuities or RILAs, GAAP, and Statutory financial reporting.

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, Raleigh, NC or Charlotte, NC.). Strong preference for Des Moines, IA based candidates. You’ll work with your leader to figure out which option may align best based on several factors. 

We’ll consider talent at the next level with the right experiences and skills. 

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs, please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

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