Financial Analyst – Actuarial Analysis

Job Description

Financial Analyst I | Principal Financial Group

The Tone:
This is a hybrid role at Principal Financial Group, located in Des Moines, Iowa. Principal builds financial tools that help customers live better lives, operating at the intersection of financial services and technology. This role is crucial for supporting actuarial studies, reporting, and product performance analysis within the Business Owner Segment Actuarial Team. The position offers an opportunity to combine technical problem-solving with financial analysis and cross-functional collaboration, contributing to the firm’s mission of making financial security accessible to all.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid, Des Moines, Iowa
• Pay: $24–$32 hourly
• Team: Business Owner Segment Actuarial Team
• Mission: Support actuarial studies, reporting, and product performance analysis for life and disability insurance products.
• Tech Stack: Excel, SAS, R

What You’ll Actually Do
• Support Actuarial Functions: Blend technical analysis with business partnership to support actuarial studies, reporting, and product performance analysis for life and disability insurance products.
• Analyze Data: Interpret financial, actuarial, and operational data to evaluate trends, performance, and profitability for existing products.
• Conduct Studies: Lead experience studies and in-force product analysis, including supporting new product implementations and ongoing business operations.
• Develop Tools: Create reports, models, and derive insights utilizing analytical tools such as Excel, SAS, and R.
• Collaborate and Respond: Partner closely with actuarial, product, and business teams to support strategic initiatives and resolve inquiries related to in-force policies and product performance.

The Must-Haves
• Background: Requires a Bachelor’s degree in math, actuarial science, finance, or a related field, or equivalent experience, indicating an entry-level career stage.
• Experience: Must have experience or familiarity with Excel, including working with formulas, pivot tables, and macros.
• Skills: Demonstrates strong problem-solving abilities, leadership qualities, and analytical proficiency, complemented by good oral and written communication skills.
• Bonus: Preferred skills include an aptitude in programming languages such as SAS and R, and prior experience in the Life Insurance industry.