Principal Financial Group Associate Actuary - #222366 in Des Moines, Iowa

Job Area: ActuarialBusiness Area: PensionLocation: IA - Des MoinesCareer Category: Experienced ProfessionalFull/Part Time: Full-TimeRegular/Temporary: RegularDate Posted: 2018-11-09

Finding the right job is all about finding the right fitAt Principal, we believe how we do things is every bit as important as what we do. We're guided by our commitment to do the right thing for customers, employees and the environment. And we’re not just jumping on the bandwagon – that’s been part of our culture since we were founded all the way back in 1879.We’re proud of consistently receiving several recognitions as a top workplace for employees. In fact, Principal made the cut in Forbes’ first-ever list of “America’s Best Employers!” And the best part? It’s our employees who gave us a thumbs-up. But don’t take our word for it; see what employees at Principal have to say by checking out our employee stories on our career site. Another great way to get the inside story is connecting with employees via LinkedIn -- learn more and get a sense of the culture.Embrace Difference. Empower Everyone.The one thing we each have in common is that each of us is different. That's why we look for diversity in the talent we hire.We foster an inclusive environment at Principal so each employee can contribute to the best of their ability. We celebrate the differences present in our workforce and encourage employees to share and learn from each other to enrich their lives and broaden their view.We also focus on diversity within our customer base and our communities so that we can better anticipate and meet their specific needs in ways they prefer to interact with us.We don’t just talk the talk. Principal has many employee programs that celebrate many backgrounds and cultures. In fact, we've been ranked by Forbes on the list of America’s Best Employers, America’s Best Employers for Women and America’s Best Employers for Diversity. (2018).

Responsibilities

Principal is currently seeking top talent for an exciting opportunity within our Retirement & Income Solutions – Variable Annuities team as an Associate Actuary. This is a unique opportunity for the right person to utilize their strong communication, technical and financial analysis skills in a dynamic, team-focused environment. This role will lead the team responsible for the model-based GAAP and Statutory valuation of the Variable Annuities line of business.

Accountabilities:

  • Lead GAAP valuation, including preparing and presenting financial reports for Business Unit management

  • Oversee implementation of FASB accounting changes for market risk benefits.

  • Lead Statutory valuation, including reserves (VACARVM) and capital (C3 Phase II)

  • Oversee implementation of pending NAIC valuation changes

  • Coordinate audit requests and requirements

  • Communicate impacts of actuarial assumption review to GAAP and Statutory balances

  • Complete industry and rating agency surveys

  • Successful management of team workload with respect to timing, quality and actuarial standards.

  • Lead direct reports in managing priority and development

Qualifications

  • Bachelor’s or master’s degree in Actuarial Science or related field

  • A Fellow of the Society of Actuaries (FSA) with 6+ years of actuarial experience

  • Highly organized, innovative, problem-solver with excellent analytical and communication skills

  • Ability to direct the work of others and assist in their education and development

  • Knowledge of pertinent laws, regulations, the Actuarial Standards of Practice promulgated by the Actuarial Standards Board, and the Code of Professional Conduct of the American Academy of Actuaries and the Society of Actuaries

  • The ability to communicate technical topics simply and effectively

  • Modeling experience in ALFA or similar software package preferred

Additional Information

Benefits designed with you in mind.

Because each employee is unique, our benefit packages give you lots of choices. We offer comprehensive benefits that helps contribute to the healthy, fulfilling life and gratifying work experience you deserve, at an affordable cost. Click here to see just a few benefits you’ll receive once you join our team.

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Work Authorization/Sponsorship

At this time, we're not able to consider candidates who would need sponsorship now or in the future or those needing work authorization for this role. (This includes students on F1-OPT, F1-CPT, J-1, etc.) However, we’d hope you continue to keep us in mind for other potential opportunities in the future.

Principal is an Affirmative Action and Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.

Investment Code of Ethics

For positions with Principal Global Investors, you will be required to comply with a Code of Ethics which covers a number of obligations 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.