What You'll Do
We're looking for an Actuary to join our Pension Risk Transfer (PRT) Pricing team. In this role you'll support Principal's PRT business through a blend of people leadership and high-impact individual contributor work. Additionally, you'll oversee day-to-day pricing execution, manage a team of actuaries, and partner with the business and other areas to drive competitive, well-governed pricing outcomes. This position also contributes to strategic initiatives including product development, reserve modeling, capital optimization, and reinsurance to enhance business outcomes.
Lead and develop team of actuaries supporting PRT pricing and reinsurance. Contribute to a strong workplace culture built on high performance, camaraderie, and continuous learning.
Oversee daily pricing execution for US PRT sales opportunities - ensuring actuarial quality, governance alignment, and competitive positioning. Support actuarial work related to affiliate and third-party reinsurance. Contribute to pricing and reinsurance strategies that balance growth objectives with profitability targets.
Serve as pricing point of contact in cross-functional work with investments, ALM, modeling, and risk. Support assumption development, experience analysis, modeling, and execution of ALM programs.
Support pricing and ongoing actuarial work for institutional and fixed annuity products.
Build and maintain strong relationships across the organization including within the business unit.
Perform other job-related duties or special projects as required
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 and 8+ years actuarial experience required
A Fellow of the Society of Actuaries, or global equivalent, or Enrolled Actuary
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
Strong technical and modeling skills, with understanding of ALM, capital, and risk frameworks.
Demonstrated leadership ability and strong communication skills
Ability to manage both people leadership and individual contributor responsibilities
Experience in pension risk transfer pricing or institutional annuity pricing
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)
$141000 - $191000 / 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
Location & Work Environment
This role is hiring in Des Moines, IA and offers in-office and hybrid (blending at least three office days in a typical workweek) work arrangements.
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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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
3/16/2026
Most Recently Posted Date
3/16/2026
