Actuary

What You'll Do

We're looking for a Modeling Actuary in Integrated Financial Solutions. You will be a senior technical contributor responsible for developing, enhancing, and supporting Principal’s actuarial model framework. This role requires deep actuarial modeling expertise, strong knowledge of insurance products and actuarial concepts, and advanced technical capability within MG-ALFA and Integrate. You will solve complex modeling problems across valuation, cash flow testing, forecasting, pricing, capital, and other actuarial applications. You will partner closely with actuarial teams across the business to translate product, regulatory, and business requirements into scalable model solutions while maintaining consistency across the broader actuarial modeling environment. The successful candidate will combine strong actuarial judgment with hands-on technical modeling skills and serve as a subject matter expert for both actuarial modeling and the Integrate platform.

You'll have the opportunity to:

• Serve as a technical expert in MG-ALFA and the Milliman Integrate platform.

• Design, develop, and implement complex actuarial model capabilities within MG-ALFA and Integrate.

• Translate actuarial requirements, product specifications, regulatory requirements, and business needs into appropriate model designs.

• Diagnose complex modeling issues and independently develop practical, sustainable solutions.

• Evaluate opportunities to improve model design, simplify calculations, and increase consistency across actuarial applications.

• Provide technical support for production issues and other high-priority modeling needs.

• Serve as a trusted technical advisor for broad actuarial modeling initiatives.

• Collaborate effectively across internal teams and external modeling partners. Actuarial and Product Expertise

• Apply detailed knowledge of insurance products and actuarial concepts to model development and analysis.

• Understand the interaction between product mechanics and actuarial applications including statutory valuation, GAAP valuation, cash flow testing, forecasting, capital, and pricing.

• Evaluate model results for actuarial reasonableness and investigate unexpected financial impacts.

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 in Actuarial Science, Mathematics, Statistics, Finance, or a related field.

• Significant experience developing actuarial models.

• Strong knowledge of insurance products and actuarial concepts.

• Advanced experience with MG-ALFA and/or Milliman Integrate, or demonstrated expertise with a comparable actuarial modeling platform.

• Strong analytical and problem-solving skills with the ability to independently diagnose complex modeling issues.

• Ability to communicate complex technical and actuarial concepts clearly to both technical and business audiences.

• A Fellow of the Society of Actuaries, or global equivalent, or Enrolled Actuary plus 8+ 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

• Basic knowledge of business field supported

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

• Good communication skills and knowledge of spreadsheet and database or similar PC software packages, or ability to learn, are preferred

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 - $213000 / 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

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA.) .You'll work with your leader to figure out which option may align best based on several factors.

Job Level

We’ll consider talent at the next level with the right experiences and skills.

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

11/12/2026

Most Recently Posted Date

11/12/2026

Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice (https://secure02.principal.com/publicvsupply/GetFile?fm=WW962&ty=VOP) for more details on our practices and your data privacy rights.

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