Retirement Benefit Analyst V

About the Role

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. This is a great opportunity for those with strong Defined Benefit knowledge and attention to detail. We are looking for someone who thrives on using their analytical skills, enjoys collaborating with a wide variety of internal partners, and can develop tools and processes to meet the needs of an evolving retirement services landscape.

Responsibilities

• Update and maintain accurate Defined Benefit participant records.
• Complete assigned projects, including gathering and organizing information/data, processing benefit calculations, and analysis.
• Identify and implement areas for improvement, including the development of new tools and processes.
• Provide pension technical assistance to business partners involving research, calculation analysis, and solving questions and problems.
• Articulate technical benefit information to internal and external parties.
• Analyze and review benefit information; may involve performing quality reviews.
• Mentor team members and act as a subject-matter expert (SME) in all defined benefit areas.
• Write and maintain procedures, as needed.
• Perform other job-related duties and special projects as required.

Requirements

• Bachelor's degree or equivalent experience (preferably in a major related to analytical fields, including Math, Actuarial Science, or Statistics).
• 5+ years of work-related experience in the defined benefit pension field.
• 3+ years of previous experience using defined benefit systems preferred.
• Ability to interpret complex plan provisions.
• Strong mathematical, technical, and analytical skills along with keen attention to detail.
• High integrity and discretion to ensure the confidentiality of client information.
• Strong decision-making and organizational skills.
• Strong mentoring, interpersonal, and listening skills.
• Team player with a positive influence in a team environment.
• Knowledge of spreadsheet and database or similar PC software packages.

Skills

• Excellent mathematical and analytical skills.
• Knowledge of SQL, XML, VBA, or other programming languages.
• Ability to manage a large workload and prioritize accordingly.
• Willingness and flexibility to work overtime, as needed.

Pay

Salary ranges reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Actual compensation will be based on geographic location, work experience, education, licensure requirements, and/or skill level.

• Retirement Benefit Analyst V:
  • Wichita, KS: $69,300 – $87,500 / year
  • Des Moines, IA: $73,150 – $92,750 / year
  • Charlotte, NC: $77,000 – $98,000 / year
  • Chicago, IL / Minneapolis, MN: $84,700 – $108,500 / year
  • Los Angeles, CA / New York City, NY: $92,400 – $119,000 / year
• Senior Retirement Benefit Analyst:
  • Wichita, KS: $84,600 – $107,300 / year
  • Des Moines, IA: $89,300 – $113,650 / year
  • Charlotte, NC: $94,000 – $120,000 / year
  • Chicago, IL / Minneapolis, MN: $103,400 – $132,700 / year
  • Los Angeles, CA / New York City, NY: $112,800 – $145,400 / year

Benefits

• Time Off Program: Flexible Time Off (FTO) for salaried (exempt) employees, providing paid time away for vacation, personal, or short-term illness.
• Pension eligible.
• Comprehensive, competitive benefit offerings crafted to protect physical, financial, and social well-being.

Schedule

This role offers 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). Work arrangement will be determined in collaboration with your leader.

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.

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.