Summer Actuarial Development Program Jobs (NOW HIRING)

What You'll Do

Actuaries at Principal are valued members of our enterprise-wide community and contribute to exciting, important work. Join Principal’s Actuarial Development Program, a long-standing development program with a history of moving actuaries into leadership positions! We give participants broad exposure to several areas of the company by providing rotations in different actuarial roles and departments within the company!

Throughout the duration of the program, you’ll develop strong actuarial, business and leadership skills through three cross-functional rotations, ranging in length from 18-30 months. Each rotation is crafted to help you learn about a different business area, while providing you broad exposure and significant work. Upon completion of the FSA designation, participants are encouraged to continue their career development and business leadership which may include continued movement within the organization.

Learn more about our rotational program including exam support, development opportunities and rotational opportunities by visiting our actuarial careers website.

Responsibilities include:

• Use technical skills to do actuarial research and calculations and provide actuarial services and support to other departments
• Recommend innovative changes to help better serve Principal’s customers through improvements in execution, product enhancements, and/or the use of new technologies

Who You Are

• You have a Bachelor's or Master’s degree in Actuarial Science or related field or equivalent experience.
• You have successfully completed at least one exam in the education system of the Society of Actuaries is required.
• You have the ability to continue to pass exams and achieve your FSA designation at an accelerated pace.
• You are knowledgeable of actuarial mathematics such as probability and statistics, numerical analysis, compound interest, and life contingencies is required.

Skills That Will Help You Stand Out

• Multiple actuarial exams completed.
• Previous actuarial internship or work experience is highly preferred.
• Experience with spreadsheets, database and actuarial modeling software.

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)
$73150 - $99750 / 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 Our Actuary Culture

Principal offers our actuarial community the opportunity of a large consulting firm alongside a culture of flexibility, support, and steadfast collaboration. We empower our team to cultivate a tailored approach to life and work while pursuing opportunities that keep them engaged, energized, and able to invest in what matters.

Work Environments

This role offers the ability for in-office and hybrid (blending both office and remote work in a typical workweek) in our Des Moines, IA office. 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
7/16/2026
Most Recently Posted Date
7/16/2026
 

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.

Qualifications:

• You have a Bachelor's or Master’s degree in Actuarial Science or related field or equivalent experience.
• You have successfully completed at least one exam in the education system of the Society of Actuaries is required.
• You have the ability to continue to pass exams and achieve your FSA designation at an accelerated pace.
• You are knowledgeable of actuarial mathematics such as probability and statistics, numerical analysis, compound interest, and life contingencies is required.

Skills That Will Help You Stand Out

• Multiple actuarial exams completed.
• Previous actuarial internship or work experience is highly preferred.
• Experience with spreadsheets, database and actuarial modeling software.

Education:UNAVAILABLEEmployment Type: FULL_TIME