Job Information
Principal Financial Group Sr Retirement Benefit Analyst in Des Moines, Iowa
What You'll Do
We’re looking for a Retirement Benefit Analyst to join our Calculation Policy Team. In this role, you’ll analyze, research, and consult on benefit calculation issues for large and complex defined benefit pension plans. You'll bring leadership savvy and technical expertise for projects involving coordination between departments!
You'll have the opportunity to:
Work with a dedicated team to onboard new defined benefit plans that are moving to Principal
Analyze and understand pension plan documents and benefit calculations performed by others
Coordinate with the plan sponsor, legal counsel, and outside administrators to fully understand and document all aspects of benefit calculations
Proactively solve problems and suggest solutions as they arise
Provide expert knowledge related to benefit calculations and clearly communicate technical benefit calculations in simple terms to internal and external partners
Provide pension technical assistance to business partners involving research, calculation expertise and analysis, and solving questions and problems
Identify efficiencies and propose solutions to implement those efficiencies
Contribute to the continued improvement and growth of the defined benefit practice through collaboration, mentoring, and development
Who You Are
Bachelor’s degree or equivalent of 8 years’ experience required. (Degree in Math, Actuarial Science, Statistics, or major in an analytical field is preferred.)
5+ years of work-related experience in defined benefit pension field required.
Successful candidates will have the following:
Strong mathematical, technical and analytical skills along with keen attention to detail.
Excellent analytical, problem solving, presentation and communication skills.
Passion for solving problems and sharing solutions. Initiate and/or participate in meetings with other areas to solve problems.
Strong decision making and organizational skills.
Strong mentoring, interpersonal and listening skills.
Ability to interpret complex plan provisions.
Ability to handle a heavy workload and prioritize to meet deadlines.
High integrity and discretion to ensure the confidentiality of sensitive client data.
Strong understanding all regulatory items that affect participant calculations is vital to ensure administrative system calculations are accurate.
Preferred skills:
High level of proficiency in Microsoft Office Excel and other Microsoft Office applications.
Defined benefit actuarial experience is a preferred; Enrolled Actuary designation is a plus.
Job Level
We’ll consider talent at the Retirement Benefit Analyst V, Sr. Retirement Benefit Analyst I, and Sr. Retirement Benefit Analyst II levels with the right experiences and skills. Note: the qualifications listed above are the minimum qualifications for the Retirement Benefit Analyst V.
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)
$63750 - $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.
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
3/18/2025
Most Recently Posted Date
3/18/2025
LinkedIn Remote Hashtag
#LI-Remote