Actuary - Variable Annuities Financial Reporting Lead

Principal Financial Group; Des Moines (IA); Hybrid; USD 127,000 - 191,000; Full time

Job summary

Principal Financial Group is seeking an Associate Actuary to lead the Variable Annuity team in Financial Reporting, directing GAAP and Statutory reporting across traditional variable annuity and RILA products. You will guide actuarial techniques, supervise forecasting, and conduct what-if analyses to support financial problem solving.

You will mentor a small team, partner with accounting, FP&A, and audit, and ensure regulatory compliance while driving process improvements and robust models for

Qualifications

• Fellow of the Society of Actuaries or global equivalent, or Enrolled Actuary required.
• Knowledge of laws, regulations, APS and the Code of Professional Conduct by AAA/SoA.
• Basic knowledge of traditional variable annuities or RILAs, GAAP, and Statutory financial reporting.

Responsibilities

• Lead a small team in monthly GAAP and Statutory reporting for traditional variable annuity and RILA products.
• Apply actuarial analysis to develop and maintain sound systems and models for calculations and recommendations.
• Perform VM21 regulatory reporting and VM31 audit correspondence.
• Coordinate quarterly forecasts for financial planning, risk management, and enterprise decision-making.
• Build partnerships with actuarial, accounting, FP&A, audit, and other stakeholders.

Skills

Actuarial leadership

GAAP & Statutory reporting

Forecasting

What-if analysis

Financial reporting

Cross-functional collaboration

Education

Fellow of the Society of Actuaries or Enrolled Actuary

Job description

Principal Financial Group is seeking an Associate Actuary to lead the Variable Annuity team in Financial Reporting, directing GAAP and Statutory reporting across traditional variable annuity and RILA products. You will guide actuarial techniques, supervise forecasting, and conduct what-if analyses to support financial problem solving.

You will mentor a small team, partner with accounting, FP&A, and audit, and ensure regulatory compliance while driving process improvements and robust models for