Sr. Actuary II

** What You'll Do*
* This role leads the Variable Annuity (VA) actuarial team within Retirement & Income Solutions (RIS), with overall actuarial leadership and accountability for business outcomes across both Registered Index-Linked Annuities (RILA) and Traditional VA products. Reporting to the RIS Chief Actuary, you are a key member of the actuarial leadership team, shaping strategy and driving aligned execution.

This is a highly visible role at the center of one of RIS's most strategic and dynamic businesses. You will lead a team with dedicated leaders for pricing and financial reporting, integrating those perspectives into a cohesive, decision‑ready view of the business. The role combines product strategy, complex risk management, and team leadership, with direct influence on business results and future direction.

** Business, Strategic & Team leadership*
* + Lead actuarial oversight of the VA business, including pricing, risk management, and in-force performance, while driving decisions that balance growth, profitability, and capital efficiency across VA and RILA.

+ Evaluate key drivers (markets, policyholder behavior, hedging) and translate insights into actionable business strategies.

+ Partner cross-functionally with product, investments, finance, and risk to influence strategy, align on assumptions, and drive results.

+ Lead and develop a team of ~7, including direct oversight of pricing and financial reporting, while ensuring alignment on results and business implications.

+ Build bench strength and develop future leaders, operating effectively within a matrixed environment and influencing across actuarial, finance, and business partners.

** Actuarial Integration & Execution:*
* + Set direction across pricing, assumptions, modeling, and analytics.

+ Provide actuarial oversight of financial reporting (U.S. GAAP and VM‑21), partnering with the reporting lead to ensure results are accurate and actionable.

+ Integrate perspectives across pricing, reporting, and hedging to deliver a consistent view of business performance.

+ Ensure rigor in methodologies and governance, while advancing key process and analytics improvements.

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 Are*
* + Bachelor's degree or equivalent required

+ A Fellow of the Society of Actuaries or global equivalent, or Enrolled Actuary plus 10+ years actuarial experience required

+ 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

+ In-depth knowledge of area of actuarial specialty and broad knowledge of several business areas required

+ Must maintain continuing education requirements as specified by the SOA or AAA

+ Strong communication skills and ability to translate complex analysis into clear insights. Expertise in using actuarial models, data, and analytical tools to drive business decisions, is preferred.

+ Demonstrated ability to lead through experienced actuarial leaders and operate at a strategic level

** Skills That Will Help You Stand Out*
* + Ability to integrate perspectives across pricing, financial reporting (US GAAP / VM‑21), and risk management into a cohesive view of business performance

+ Strong understanding of VA / RILA products and market risk drivers, with the ability to translate into business decisions

+ Proven effectiveness partnering across functions, including product, investments, finance, and risk

+ Track record of improving models, analytics, and processes to enhance decision-making

** 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…