What You'll Do

We’re looking for an AVP & Actuary to join our Benefits & Protection Financial Reporting team. In this role, you’ll lead and oversee key financial processes to obtain strategic growth and expected profitability for the Business Owner Segment. Support principles of balanced scorecard philosophy by (1) meeting financial goals (financial perspective); (2) ensuring highest quality customer service is provided (customer perspective); (3) focusing on internal process improvements (internal perspective); and (4) maximizing utilization of human capital (learning and growth perspective).

Support Execution of B&P Business Owner Segment Strategic Imperatives

Part of Business Owner Segment Leadership team driving strategic imperatives
Act as trusted and strategic advisor to Business Owner segment
Drive financial outcomes and KPI measures of success
Influence and advocate for investments that drive value and future growth

Oversee Core CFO Financial Responsibilities for Life Insurance

Financial Projections & Analysis
Reserve Valuation
Financial Reporting
Internal and External communication of results and drivers
Drive continuous process efficiencies and analytic improvement
Enterprise partnership and mindset

Support Execution of Enterprise Priorities

Enterprise mindset and finance leader
Part of Enterprise FP&A Working Group
Drive execution of Finance Journey work
Support establishment of PLIC NY legal entity
Promote and implement use of AI capabilities in Finance

Enable high performing teams

Develop leaders on Life CFO team
Build bench strength
Assess team structure and optimize team

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

College graduate or equivalent, a Fellow of the Society of Actuaries (FSA), and a member in good standing of the American Academy of Actuaries (AAA) required; 15 years of experience in the actuarial field is preferred; actuarial insurance experience is preferred
Must have excellent organizational, analytical, problem solving, presentation, and oral and written communication skills
Ability to apply generalist skills such as strategic and long-range visionary thinking
Strong background and knowledge in financial and budgetary matters
Knowledge of life insurance products and reserve valuation is a plus
Prefer designation such as a Member of the American Academy of Actuaries (MAAA)

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)

$179000 - $243000 / 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 will be based in our corporate headquarters in Des Moines, IA and offers a hybrid work arrangement, with at least three in-office days during a typical work week.

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 and 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 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

8/27/2026

Most Recently Posted Date

8/27/2026

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 for more details on our practices and your data privacy rights.

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