What You'll Do As an Associate Actuary you’ll be integral to leading and advancing financial risk management within the Retirement and Income Solutions (RIS) team. This will include ongoing hedge execution, ALM oversight, and partnering with various product teams to ensure financial risks are being appropriately captured and proactively managed. You’ll play a critical role in maintaining efficient ALM through ongoing collaboration with asset and liability teams. Effectively promote and execute hedging and financial risk programs within RIS to deliver active risk management across the product suite. Provide expertise of economic and modeled impacts to bridge across liability product and asset management teams. Report hedge program progress to key management stakeholders through collaboration with tactical teams and the RIS Financial Risk Working Group. Build influence across the organization to implement financial risks into relevant decision-making. Demonstrate accountability to proactively monitor, engage, and mitigate financial risks. Review and implement risk management updates and enhancements as they arise. Advocate for development of efficient actuarial processes to reduce model risk. Who You Are Bachelor’s degree or equivalent experience. A Fellow of the Society of Actuaries, or global equivalent, or Enrolled Actuary. 6+ years of actuarial work experience required. Effective communication and presentation skills. Strong analytical skillset and ability to navigate multiple initiatives simultaneously. Curiosity to engage across multiple product lines and drive solutions with several cross-business functions. 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 maintain continuing education requirements as specific by the SOA or AAA. 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) $123000 - $167000 / 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), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, or Charlotte, NC). You’ll work with your leader to figure out which option may align best based on several factors. Who We Are 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! 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 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 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 11/11/2024 Most Recently Posted Date 11/11/2024 LinkedIn Remote Hashtag #LI-Remote LinkedIn Hashtag #LI-LT1