Work in Iowa Jobs

What You'll Do

The Principal Financial Group (PFG) is seeking an AVP & Chief Actuary within Retirement & Income Solutions (RIS)! As the RIS AVP & Chief Actuary you will report to the CFO of RIS leading RIS actuarial operations and support the development of the actuarial community in partnership with the Chief Actuary of PFG and fellow Business Unit AVP & Chief Actuaries across the enterprise. This crucial role will focus on advancing the actuarial operations in RIS while ensuring a growing and successful community across the entire PFG enterprise.

As the AVP & Chief Actuary, you’ll:

• Support RIS product lines and help deliver on relevant critical initiatives.

• Lead all aspects of RIS’ Investment Only business line in partnership with the RIS CFO.

• Effectively lead and develop the actuarial team through training, management of work activities, and performance reviews. Provide resource planning for future needs of the actuarial function.

• Ensure actuarial product work is delivered timely, is of excellent quality, and meets business needs.

• Ensure all actuarial work is performed in compliance with applicable state, federal, and country regulations including the United States and Bermuda. Apply professional standards of the American Academy and the Society of Actuaries.

• Provide input to strategic planning and interact with stakeholders and corporate management regarding risks and impacts on the RIS business.

• Serve as an advisor on financial risk, product strategy, product pricing, product design issues, asset/liability management, hedging programs, valuation, and capital management considerations.

• Represent Principal through professional committees, working with regulators and rating agencies and other stakeholders as appropriate.

This role will be located in Des Moines, Iowa. Relocation will be considered as part of the offer.

Who You Are

• Bachelor’s degree, a Fellow of the Society of Actuaries (FSA), and a member in good standing of the American Academy of Actuaries (AAA) required; 15+ years proven track record in the actuarial experience is strongly preferred.

• 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 have in-depth knowledge of area of actuarial specialty and broad knowledge of several areas (e.g., insurance product design, pricing, assumption setting, experience studies, valuation, hedging/asset liability management, risk management), in a large insurance company environment with the ability to connect the dots across different functional areas.

• Must be current and maintain continuing education requirements as specified by the AAA

• Strong communication, collaboration, and shown leadership skills with an Enterprise mentality and a favorable executive presence are required.

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)

$174000 - $236000 / 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

Additional Information

Work Environments

This role offers in-office & hybrid (blending at least three office days in a typical workweek) at Principal's Headquarters in Des Moines, Iowa.)

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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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

4/9/2024

Most Recently Posted Date

4/8/2024

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