Associate Actuary

Principal Financial Group

Des Moines (IA)

Hybrid

USD 127,000 - 191,000

Full time

3 days ago

Be an early applicant

Get more replies from employers

Send a job-specific resume in minutes.

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

What You'll Do

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.

What You'll Do

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.

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

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.

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 (Non‑Exempt expressed as hourly; Exempt expressed as yearly)

$127000 - $191000 / year

Time Off Program

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. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible

Yes

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.

Job Level

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.

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 accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

8/19/2026

Most Recently Posted Date

8/19/2026

LinkedIn Remote Hashtag

LinkedIn Hashtag

Get your free, confidential resume review.

or drag and drop your file here.