AVP & Actuary

Principal Financial Group; Des Moines (IA); Hybrid; USD 179,000 - 243,000; Full time

Job summary

Principal Financial Group in Des Moines, IA seeks an AVP & Actuary to lead the Benefits & Protection Financial Reporting team. The role focuses on financial processes, growth and profitability, with a balanced scorecard approach across financial, customer, internal, and learning perspectives.

You will oversee projections, reserve valuation, financial reporting, and communications of results, and drive efficiency and analytic improvements while partnering with enterprise teams.

Qualifications

• Bachelor’s degree or equivalent with 15+ years related experience preferred.
• Excellent organizational, analytical, problem solving, and communication skills.
• Ability to apply strategic and long-range visionary thinking.
• Strong background in financial and budgetary matters; knowledge of group benefits is a plus.
• FSA and MAAA designations preferred.

Responsibilities

• Lead and oversee key financial processes to obtain strategic growth and profitability for the Benefits & Protection Specialty Benefits segment.
• Drive financial outcomes and KPI measures of success.
• Oversee financial projections, reserve valuation, and financial reporting.
• Internal and external communication of results and drivers; drive process efficiencies and analytic improvement.
• Lead Specialty Benefits Finance team – 19 members; develop talent and leadership.

Skills

Organizational skills

Analytical skills

Problem solving

Communication skills

Strategic thinking

Education

Bachelor's degree or equivalent

Job description

What You’ll Do

We’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 Imperatives

• Part 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

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, 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 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)

$179000 - $243000 / 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

Location & Work Environment

This 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/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.