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What You'll Do

Are you ready to take on a product development role with the #1 defined benefit plan provider by number of plans within the industry?

At Principal Financial Group, we are seeking a dedicated, passionate, and ambitious individual to join our team as the Assistant Director of Product Development focused on the development & enhancement of new and existing defined benefit products and services. This is an outstanding opportunity to develop and drive the future of our defined benefit pension products, impacting the growth of new sales and retention of existing client relationships, with an organization that is dedicated to growing in the defined benefit industry!

Responsibilities

• Own and shape the overall development and enhancement of new or existing defined benefit products ensuring products are aligned to our strategic vision, client needs, and market demand.

• Lead and collaborate with cross-functional teams to develop viable defined benefit products and drive their successful implementation and deployment from the ground up.

• Coordinate and collaborate with internal cross-functional teams and outside business partners to define the product offering, desired outcomes, product attributes, pricing, risk levels, legal implications, business requirements, and prerequisites specific to the new defined benefit product or service.

• Understand the defined benefit market landscape and stay ahead of industry trends and regulatory changes to uncover potential trends and gaps in the product offering.

• Generate new defined benefit product ideas and recommend the development of products that meet client needs and solve industry demand.

• Willingness to follow defined product development methodologies and processes to ensure successful development and deployment.

• Collaborate and engage with defined benefit Product Managers and IT on the execution of defined benefit product and services.

• Present the product strategy and outcomes to key stakeholders and senior leaders.

• Influence and engage on the implementation of marketing strategies and training for the new product/service launches and existing product/service enhancements.

Who You Are

• Bachelor's degree or equivalent

• 8+ years of experience in product development and/or defined benefit, resulting in the knowledge and expertise needed to develop and deploy defined benefit products to the market

• Research and understand the defined benefit market, industry trends, and customer needs

• Excellent collaboration, decision making, planning/organizational, problem-solving, analytical, critical thinking, presentation, listening, and oral/written communication skills

• Must be able to coordinate across internal cross-functional teams, external business partners and manage multiple initiatives at one-time

• Must have strategic, big picture thinking and results oriented

• Comfortable challenging the status quo using market intelligence and data to gain consensus from various stakeholders and cross-functional business partners

• Outstanding attention to detail and accuracy

• Ability to maintain confidentiality and work within NDA arrangements

• Willingness to travel to support business needs

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)

$123000 - $167000 / 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

Additional Information

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

12/13/2024

Most Recently Posted Date

12/13/2024

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