Sr. Actuary II

What You'll Do

This role leads the Variable Annuity (VA) actuarial team within Retirement & Income Solutions (RIS), providing actuarial leadership and accountability for business outcomes across both Registered Index-Linked Annuities (RILA) and Traditional VA products. You will shape strategy, drive aligned execution, and influence business results across pricing, risk management, and in‑force performance.

• Lead a team of approximately seven actuarial specialists, including direct oversight of pricing and financial reporting functions.
• Integrate pricing, assumptions, modeling, and analytics to deliver a unified view of business performance.
• Provide actuarial oversight of financial reporting (U.S. GAAP and VM‑21), ensuring accuracy and actionable results.
• 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.
• Advance process and analytics improvements, ensuring rigor in methodologies and governance.
• Build bench strength and develop future leaders within a matrixed environment.

• Bachelor's degree or equivalent required.
• Must be a Fellow of the Society of Actuaries or an equivalent mandatory qualification, or an Enrolled Actuary with 10+ years of actuarial experience.
• In‑depth knowledge of actuarial specialty laws, regulations, and professional standards (Actuarial Standards of Practice, AAA Code of Professional Conduct).
• Broad knowledge of multiple business areas and commitment to continuing education as required by SOA or AAA.
• Strong communication skills; must translate complex analysis into clear insights.
• Expertise in actuarial models, data, and analytical tools to support business decisions preferred.
• Demonstrated ability to lead experienced actuarial staff and operate at a strategic level.

• Integrate perspectives across pricing, financial reporting (U.S. GAAP/VM‑21), and risk management for a cohesive business performance view.
• Deep understanding of VA/RILA products and market risk drivers, translating them 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 (Non‑Exempt hourly; Exempt yearly): $157,000 – $213,000.
• Optional bonus programs for non‑sales positions; sales positions eligible for incentives.
• Flexible Time Off (FTO) for salaried employees—entitled to paid vacation, personal, or short‑term illness time.
• Hybrid work model (at least three office days per week) with remote options for qualifying locations.
• Pension eligible.

At this time, we are not considering applicants requiring immigration sponsorship. Self‑sponsored, permanent U.S. work authorization only.

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.