Actuarial Associate/Assistant Actuary

What You'll Do
As an Actuarial Associate on the Life Finance Valuation team, you'll join a collaborative environment, with the ability to work on multiple projects that drive value for the organization! This team performs a variety of work including reserve valuation, financial reporting, and financial analysis for the life insurance business.
You'll have the opportunity to:

• Assist with monthly, quarterly, and annual valuation processes. Deliver timely and accurate reports for GAAP, Statutory, and Tax valuation.
• Contribute to the continued modernization of the financial reporting function.
• Complete actuarial projects assigned with consideration to timing required and quality of work, documentation needed, reports on progress and final results.
• Promote the effective use of the actuarial techniques, tools, and methodologies in decision making.
• Conduct primary and secondary research related to risk assessment and financial problem solving.
• Provide analytical and research-based consultation to achieve cost effective and strategic solutions.
• Provide strategic direction and mentorship to team members on the day-to-day functions.

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!
Who You Are

• Bachelor's degree or equivalent required.
• 1+ year of work experience, preferred within the actuarial field.
• Successful completion of at least four courses in the education system of the Society of Actuaries. Preference to Associate of the Society of Actuaries or Fellow of the Society of Actuaries.
• 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
• Must maintain continuing education requirements as specified by the SOA or AAA
• Good communication and analytical skills.
• Strong Microsoft office and Excel skills preferred
• Basic knowledge of business field supported

Skills That Will Help You Stand Out

• Knowledge of MG-ALFA or other actuarial modeling software, spreadsheet and databases or similar PC software packages, or ability to learn, are preferred
• Experience with Individual Life Valuation

Salary Range Information
Salary 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
$77350 - $182400 / year
Additional Information
Job Level
We'll consider talent at the next level with the right experiences and skills. Note: The qualifications above are related to the Actuarial Associate position.
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, or Charlotte, NC). You'll work with your leader to figure out which option may align best based on several factors.
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.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Posting Window
We will be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.
Date First Posted (TTF)
1/8/2024
Latest Post Date: Careers - US
1/8/2024
LinkedIn Remote Hashtag
#LI-Remote