What are the responsibilities and job description for the Financial Analyst I - Defined Benefit position at Principal Financial Group?
What You'll Do
Principal is seeking a Financial Analyst I to join our Pension Risk Transfer team in Retirement & Income Solutions! In this role you will use your technical and mathematical skills to perform, review, document and/or code more complex retirement calculations and transactions taking into consideration compliance requirements, client/legal documents, and tax implications.
We are looking for someone who has Defined Benefit (Pension) knowledge, thrives on solving unique problems using advanced analytical skills and enjoys working with various internal partners and tools pending the business need.
Responsibilities will include:
Who You Are
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)
$22.07 - $28.85 / hour
Time Off Program
Personal Time Off (PTO) is provided to hourly (non-exempt) employees and provides a set amount of accrued time earned each pay period. Employees can use their PTO for vacation, personal or short-term illness.
Pension Eligible
Yes
Additional Information
Location & Work Environment
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 candidates 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 Global Investors 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
3/31/2025
Most Recently Posted Date
3/31/2025
LinkedIn Remote Hashtag
Principal is seeking a Financial Analyst I to join our Pension Risk Transfer team in Retirement & Income Solutions! In this role you will use your technical and mathematical skills to perform, review, document and/or code more complex retirement calculations and transactions taking into consideration compliance requirements, client/legal documents, and tax implications.
We are looking for someone who has Defined Benefit (Pension) knowledge, thrives on solving unique problems using advanced analytical skills and enjoys working with various internal partners and tools pending the business need.
Responsibilities will include:
- Independently analyze and process complex retirement calculations and review participant data within established timing and quality standards.
- Serve as a resource for calculation and transaction processing by reviewing participant data and retirement information.
- Support the testing and validation of automation tools developed for streamlining benefit calculations and related processes.
- Participate in or take the lead on special projects, system testing, escalated issues and other job-related duties with consideration to timing required and quality of work documentation needed; report on progress and final results.
- Work towards self-development by expanding knowledge of department, line of business, and industry.
Who You Are
- Bachelor's degree in math, actuarial science, finance, accounting or equivalent experience required
- Advanced Microsoft Excel proficiency, including pivot tables, specialized functions, and conditional formatting
- Must be detail oriented with the ability to identify and interpret subtle differences in processes and information.
- Must be able to work independently, take initiative, be results oriented and exhibit excellent attention to detail and accuracy.
- Must have strong problem solving, leadership and analytical skills
- Good oral and written communication skills required
- Must have good interpersonal, customer service, and organizational skills
- Demonstrates a willingness and capability to accept and adapt to a changing environment
- Experience working with retirement plans specifically defined benefit plans and knowledge of pension risk transfer
- Experience in VBA, SQL, ProVal, ProAdmin, and/or other programming languages
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)
$22.07 - $28.85 / hour
Time Off Program
Personal Time Off (PTO) is provided to hourly (non-exempt) employees and provides a set amount of accrued time earned each pay period. Employees can use their PTO for vacation, personal or short-term illness.
Pension Eligible
Yes
Additional Information
Location & Work Environment
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 candidates 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 Global Investors 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
3/31/2025
Most Recently Posted Date
3/31/2025
LinkedIn Remote Hashtag
Salary : $22 - $29
