Associate Actuary

What You'll DoWe're looking for an Associate Actuary to join our Bermuda actuarial team. In this role, you'll support a wide range of actuarial and financial initiatives across Pension Risk Transfer (PRT) underwriting, financial planning and analysis (FP&A), capital management, and risk management activities. Working closely with business leaders in both Bermuda and the U.S., you'll provide analytical support for strategic transactions, financial forecasting, regulatory initiatives, and special projects.This role is based in the United States and requires quarterly travel to Bermuda (approximately 1-2 weeks per quarter).You'll Have the Opportunity To:Support pricing, underwriting, and transaction analysis for Pension Risk Transfer (PRT) and Term Life, including experience studies, profitability analysis, and management reporting.Assist in the financial planning and analysis (FP&A) process, including budgeting, forecasting, earnings analysis, business planning, and financial performance monitoring.Support the maintenance, validation, governance, and enhancement of the Bermuda Solvency Capital Requirement (BSCR) and Scenario Based Approach (SBA) models.Perform actuarial and financial analysis related to capital management, risk management, asset-liability management, and strategic initiatives.Develop and maintain actuarial models, reporting tools, and analytical processes to improve efficiency, accuracy, and insight generation.Assist with Bermuda regulatory reporting, governance requirements, and actuarial documentation.Conduct research and analysis regarding emerging industry trends, regulatory developments, and their potential impact on the business.Collaborate with actuarial, finance, risk management, investment, and reinsurance teams across the organization.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 AreBachelor's degree or equivalent requiredA Fellow of the Society of Actuaries, or global equivalent, or Enrolled Actuary plus 6-8 years actuarial experience requiredKnowledge 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 requiredBasic knowledge of business field supportedMust maintain continuing education requirements as specified by either SOA or AAAGood communication skills and knowledge of spreadsheet and database or similar PC software packages, or ability to learn, are preferredSalary Range InformationSalary 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 - $171000 / year Time Off ProgramFlexible 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 EligibleYes Work EnvironmentsThis role offers hybrid (blending at least three office days in a typical workweek) in our corporate office in Des Moines, Iowa.Work Authorization/SponsorshipAt 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 ImmigrantsInvestment Code of EthicsFor 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 PrincipalAt 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 EmployerAll 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 WindowWe 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 Date9/11/2026 Most Recently Posted Date9/11/2026 Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice for more details on our practices and your data privacy rights.