Actuarial Development Program

Responsibilities

• Use technical skills to do actuarial research and calculations and provide actuarial services and support to other departments
• Recommend innovative changes to help better serve Principal’s customers through improvements in execution, product enhancements, and/or the use of new technologies

Requirements

• You have a Bachelor's or Master’s degree in Actuarial Science or related field or equivalent experience.
• You have successfully completed at least one exam in the education system of the Society of Actuaries is required.
• You have the ability to continue to pass exams and achieve your FSA designation at an accelerated pace.
• You are knowledgeable of actuarial mathematics such as probability and statistics, numerical analysis, compound interest, and life contingencies is required.

Skills

• Multiple actuarial exams completed.
• Previous actuarial internship or work experience is highly preferred.
• Experience with spreadsheets, database and actuarial modeling software.

Benefits

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.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly): $73150 - $99750 / 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

Work Environments: This role offers the ability for in-office and hybrid (blending both office and remote work in a typical workweek) in our Des Moines, IA office. You’ll work with your leader to figure out which option may align best based on several factors.

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.

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.

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: This role offers the ability for in-office and hybrid (blending both office and remote work in a typical workweek) in our Des Moines, IA office. You’ll work with your leader to figure out which option may align best based on several factors.

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.