Associate Actuary I (REMOTE)

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.

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. 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!

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.

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; 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

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.). 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.

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. 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. 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.

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.

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.

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