What You'll Do

Bring your actuarial mindset into the business and help shape the future of annuity product as a Product Development Assistant Director (Annuities)

 

If you’re energized by blending product expertise, technical depth, and real business impact—this is not your traditional actuarial role. We’re looking for a Product Development Assistant Director who wants to be closer to the business, partner directly with sales and technology teams, and play a key role in how new annuity products come to life.

 

In this role, you’ll become the go-to expert on annuity product mechanics—how they work, how they calculate, and how they show up in the market. You’ll work across product, actuarial, sales, and systems to ensure product ideas are modeled accurately, implemented correctly, and understood clearly.

 

What You’ll Do

• Serve as the subject matter expert on annuity product calculations, validating methodologies and ensuring accuracy in implementation.
• Support the design and ideation of new annuity products, including calculation modeling for concepts like registered indexed-linked annuities (RILAs).
• Partner with technology teams to implement product calculations across multiple platforms.
• Provide trusted technical support to sales, answering advisor and wholesaler questions on product features and mechanics.
• Collaborate with IT, Sales, Operations, and Actuarial to bring new products from concept to filing and launch.
• Assist in regulatory filings, ensuring product components are technically sound and well supported.

Who You Are

What You Bring

• Bachelor’s degree in Actuarial Science, Mathematics, Finance, or a related field preferred.
• 8+ years of product development, actuarial, or related financial services experience.
• Strong actuarial calculations experience with the ability to quickly learn and apply complex annuity product calculations.
• Experience in financial services or investments, with annuity expertise highly preferred.
• Strength in analytical thinking, problem-solving, and communicating technical concepts clearly.

 

Why This Role Stands Out

• Work beyond a traditional actuarial track—get closer to strategy, sales, and real-world application.
• Variety in daily work: product design, modeling, systems implementation, advisor support, and cross-functional influence.
• A visible and impactful opportunity to shape the next generation of annuity products.

 

If you want to apply your technical skill set in a dynamic, business-facing role, we’d love to meet you.

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)

$127000 - $160000 / 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, Raleigh, NC, or Charlotte, NC). You’ll work with your leader to figure out which option may align best based on several factors.

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

12/8/2025

Most Recently Posted Date

12/8/2025

LinkedIn Remote Hashtag

#LI-Remote