Actuarial Development Program

What You’ll Do

Actuaries at Principal are valued members of our enterprise-wide community and contribute to exciting, important work. Join Principal’s Actuarial Development Program
, a long-standing development program with a history of moving actuaries into leadership positions! We give participants broad exposure to several areas of the company by providing rotations in different actuarial roles and departments within the company.

Throughout the duration of the program, you’ll develop strong actuarial, business and leadership skills through three cross‑functional rotations, ranging in length from 18‑30 months. Each rotation is crafted to help you learn about a different business area, while providing you broad exposure and significant work. Upon completion of the FSA designation, participants are encouraged to continue their career development and business leadership which may include continued movement within the organization.

Learn more about our rotational program, including exam support, development opportunities and rotational opportunities by visiting our actuarial careers website.

• 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

• 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.
• 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.

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

Salary ranges 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.

$73,150 - $99,750 / year

Flexible Time Off (FTO) is provided to salaried (exempt) employees and allows paid time away from the office for vacation, personal or short‑term illness. Employees do not accrue a bank of time off under FTO and there is no set number of days provided.

Yes

Principal offers our actuarial community the opportunity of a large consulting firm alongside a culture of flexibility, support, and steadfast collaboration. We empower our team to cultivate a tailored approach to life and work while pursuing opportunities that keep them engaged, energized, and able to invest in what matters.

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.

At this time, we’re not considering applicants that need any type of immigration sponsorship 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.

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…