Financial Analyst, Workplace Benefits

What You'll Do

Workplace Benefits is looking for two Financial Analysts to join the team! Currently, we’re undertaking several exciting modernization and transformation efforts with a focus on actuarial pricing and inforce management. As a Financial Analyst, you’ll play an important part in evolving our use of new tools, processes, and data to drive enhanced growth and profitability. While working on a collaborative team, you’ll assist in the analysis, implementation, and maintenance of pricing for several group insurance products.

You will have the opportunity to:

• Become an expert in expense analysis for pricing multiple group products. Streamline processes, access new data sources, and create consistent tools for deeper analysis
• Collaborate with several business partners including product, underwriting, finance, and technology teams
• Provide technical expertise for the rating engine within the new quoting system. Embrace exciting new technologies that will provide opportunities for learning, growth, and collaboration across functional teams
• Coordinate the preparation of state rate filing materials and responses, working with both compliance and actuarial. Assist with state reporting requirements
• Help to modernize the use of data within new sale pricing processes, utilizing a combination of platforms and programming tools (i.e., SAS, Excel, R, Power BI, Snowflake, etc.)
• Build consistencies across products and help to convert more processes to gain efficiencies
• Own entire products through the renewal process, including quarterly renewal processing, case level questions, and periodic analysis on outcomes
• Develop and maintain tools to help our business partners deliver renewal information to the brokers and customers
• Gain knowledge of group insurance products, pricing, and new business and renewal 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 in math, actuarial science, finance or equivalent experience
• 2 years of relevant experience in finance or analytics is preferred
• Strong problem solving, attention to detail, organizational, and analytical skills
• Good oral and written communication, interpersonal, and customer service skills
• Ability to accept and adapt to a changing environment
• Proficiency in programming languages is preferred

Skills that Will Help You Stand Out

• Technical experience with SQL, Power BI, Snowflake, SAS, R, or other programming languages
• Professional experience with Group/Workplace Benefits or within the financial service industry

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 - $92000 / 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

5/8/2024
Most Recently Posted Date

5/8/2024

LinkedIn Remote Hashtag

#LI-Remote