What are the responsibilities and job description for the Product Manager 1 position at Principal Financial Group?
What You'll Do
We are seeking a Product Manager I to join our Private Markets technology team within Principal Asset Management. We have an opportunity to advance our Data Strategy by enabling quality data for reporting, investment decision making, and to leverage for AI and data analytics modeling tools. Additionally, we are looking to strengthen our Enterprise Strategy by driving business growth and expansion through the adoption of new tools and technologies that support the servicing and management phases of our asset lifecycle.
Together, our Product Families are here to arm investment professionals with modern tools and solutions which allow them to make informed business decisions with ease and speed, so Principal can continue to grow and expand Private Markets.
Job Responsibilities
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)
$81900 - $182400 / 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.
Job Level
We’ll consider talent at the next level with the right experiences and skills.
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
4/4/2025
Most Recently Posted Date
4/4/2025
LinkedIn Remote Hashtag
We are seeking a Product Manager I to join our Private Markets technology team within Principal Asset Management. We have an opportunity to advance our Data Strategy by enabling quality data for reporting, investment decision making, and to leverage for AI and data analytics modeling tools. Additionally, we are looking to strengthen our Enterprise Strategy by driving business growth and expansion through the adoption of new tools and technologies that support the servicing and management phases of our asset lifecycle.
Together, our Product Families are here to arm investment professionals with modern tools and solutions which allow them to make informed business decisions with ease and speed, so Principal can continue to grow and expand Private Markets.
Job Responsibilities
- Complete the product strategy and vision, communicate the roadmap for technology solutions that advance business goals
- Accountable for understanding and defining key business outcomes and requirements for your product(s), as well as the successful delivery of the product
- Manage product backlog and prioritize product features, including product health items (environment management/infrastructure needs and business enhancements)
- Collaborate with engineering, architecture, delivery, and business partners to deliver value
- Develop in-depth knowledge of business processes and a comprehensive understanding of technology’s role in solving business problems within the product team
- Apply user insights and feedback to inform decisions to ensure product development aligns with business goals, and seek to continuously improve
- Communicate product updates, timelines, and risks to internal stakeholders and senior leadership
Who You Are
- Bachelor’s degree or equivalent, plus 2 years of related business, technology, or product management experience
- Familiarity with modern product methodologies (ex: Agile) and product management tools (ex: JIRA, Confluence, Miro)
- Strong critical thinking skills to resolve complex challenges while balancing opposing priorities and strategic business goals
- Demonstrated success of completing multiple projects and initiatives simultaneously
- Proven ability to meet deadlines efficiently, and skilled at cultivating positive relationships across business units
- Exceptional written and verbal communication skills, with the ability to influence, negotiate, and clearly articulate product strategy across multiple levels of both technical and non-technical stakeholders
- Knowledge of the asset management industry, financial services, or investment management industry, specifically Private Markets (Commercial Real Estate/Alternative Lending)
- Knowledge of financial technologies, data management strategies and technologies (ex: AWS, Snowflake)
- Collaboration/experience with offshore team members
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)
$81900 - $182400 / 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.
Job Level
We’ll consider talent at the next level with the right experiences and skills.
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
4/4/2025
Most Recently Posted Date
4/4/2025
LinkedIn Remote Hashtag
Salary : $81,900 - $182,400
