Assistant Director- ERISA / Trust & Custody Consulting

What You'll Do

This role is responsible for providing substantive technical advice and consultation regarding fiduciary, regulatory and operational matters pertaining to various non-qualified plans and trust and custody accounts serviced by Retirement and Income Solutions (RIS). You’ll maintain and support a suite of client agreements and forms, including various trust agreements, custody agreements and ancillary service agreements. Providing high level consultation on agreement provisions and negotiating agreements with clients' counsel, drafting and revising agreements as necessary.

You’ll also have the opportunity to:

• Serve as a resource in identifying, interpreting, and communicating complex legislative, regulatory, and compliance issues that affect retirement documents.
• Liasion for ERISA and other Trust and Custody regulatory questions that impact day to day plan and trust administration.
• Evaluate the impact of all major changes in the law and regulations pertaining to the RIS business and advise on the effects of any such changes as they relate to both the operation and administration of retirement plans and trust and custody accounts, including any required changes to plan or trust documents.
• Educate internal staff regarding changes in the law and regulations pertaining to retirement plans and trust and custody accounts.
• Consult on routine and non-complex plan correction processes.

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

• Bachelor's degree or 8 years equivalent experience required
• 10 years of retirement plan and/or trust and custody experience OR 4 year’s employee retirement plan and/or trust and custody experience with a JD degree.
• JD strongly preferred
• Working knowledge of IRS and DOL correction programs strongly preferred

Skills That Will Help You Stand Out

• In- depth knowledge of qualified and non-qualified retirement document provisions.
• Expertise and broad technical understanding of statutory and regulatory law contained within ERISA and the Internal Revenue Code and/or Trust and Custody experience.
• Strong analytical, problem-solving, negotiation, inter-personal, verbal, and written communication skills.

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 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, 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

4/10/2024
Most Recently Posted Date

4/11/2024

LinkedIn Remote Hashtag

#LI-Remote

Salary : $123,000 - $167,000