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.

• Use technical skills to conduct actuarial research, perform 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.

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

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

Salary ranges below reflect targeted base salaries. Non‑sales positions have the opportunity to participate in a bonus program. Salary Range (Non‑Exempt expressed as hourly; Exempt expressed as yearly) $73,150 – $99,750 / year.

Flexible Time Off (FTO) is provided to salaried (exempt) employees and allows you to take 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.

This role allows for in‑office, hybrid, or remote work in a typical workweek from our Des Moines, IA office. You’ll work with your leader to determine the best option based on several factors.

Applicants who require any type of immigration sponsorship (e.g., H‑1B, TN) are not considered at this time.

For Principal Asset Management positions, you will be required to follow an Investment Code of Ethics related to personal and business conduct and personal trading activities.

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.