What You'll DoWe’re looking for an AVP & Actuary to join our Benefits & Protection Financial Reporting team. In this role, you’ll lead and oversee key financial processes to obtain strategic growth and expected profitability for the Benefits & Protection Specialty Benefits segment. Support principles of balanced scorecard philosophy by (1) meeting financial goals (financial perspective); (2) ensuring highest quality customer service is provided (customer perspective); (3) focusing on internal process improvements (internal perspective); and (4) maximizing utilization of human capital (learning and growth perspective).
Support B&P Specialty Benefits Strategic ImperativesPart of Worksite Benefits Leadership team driving strategic imperatives
Act as trusted and strategic advisor to Worksite Benefits segment
Drive financial outcomes and KPI measures of success
Influence and advocate for investments that drive value and future growth
Oversee Core CFO Financial Responsibilities for Specialty Benefits
Financial Projections & Analysis
Reserve Valuation
Financial Reporting
Internal and External communication of results and drivers
Drive continuous process efficiencies and analytic improvement.
Enterprise partnership and mindset
Capital Management and Financial Modeling
Capital Management
ALM
Other financial modeling to support business
Enable high performing teams:
Lead Specialty Benefits Finance team – team of 19
Build bench strength
Develop talent and leaders
Who You Are
- Bachelor's degree or equivalent, plus a minimum of 15 years related experience preferred
- Must have excellent organizational, analytical, problem solving, presentation, and oral and written communication skills
- Ability to apply generalist skills such as strategic and long range visionary thinking
- Strong background and knowledge in financial and budgetary matters
- Knowledge of group benefit products a plus
- Prefer designations such as Fellow of the Society of Actuaries (FSA) and Member of the American Academy of Actuaries (MAAA)
Salary Range InformationSalary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range$179000 - $243000 / year
Time Off ProgramFlexible 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 EligibleYes
Additional Information
Location & Work EnvironmentThis role will be based in our corporate headquarters in Des Moines, IA and offers a hybrid work arrangement, with at least three in-office days during a typical work week.
Work Authorization/SponsorshipAt 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 EthicsFor 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 PrincipalAt 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.
