Defined Benefit Onboarding Analyst presso Principal Financial Group

What You'll Do:

Do you have strong Defined Benefit knowledge? Experience with relational databases and onboarding new defined benefit plans?

 

As a Defined Benefit Onboarding Analyst, you'll be responsible for the data conversion process for new Defined Benefit clients! We are looking for someone who thrives on solving unique problems using advanced analytical skills and enjoys working with various internal partners and tools to support a smooth implementation.

 

Responsibilities may include:

• Aggregate and load participant data from prior providers and process benefit calculations.
• Drive client and vendor conversations to extract valuable information and assess client needs.
• Analyze conversion data to determine data gaps and collaborate with the client and vendors to solve data related issues.
• Thoroughly document and communicate data load process, assumptions, and issue resolutions.
• Lead and coordinate internal and external testing efforts around data components.
• Apply business analyst skills to connect IT and business operations.
• Identify, recommend, and implement areas for improvement at both the individual plan level and overall processes.
• Develop and apply desktop tools to improve the efficiency of reviewing incoming participant data and performing benefit calculations.

Who You Are:

• Bachelor’s degree preferably in Math, Actuarial Science, Statistics, or related field or equivalent experience
• 3+ years of experience onboarding and implementation of defined benefit clients.
• Experience working with relational databases, including loading, managing, and analyzing data using SQL.
• Proficiency in spreadsheets (e.g., Excel) and database or similar data analysis software 
• Strong mathematical, technical, and analytical skills with keen attention to detail.

 Skills that will help you stand out:

• 8+ years of experience with defined benefit clients. 
• Prior experience working with client / third party vendor directly to accomplish a project
• Ability to interpret complex plan provisions, outstanding problem-solving skills and the ability to think ahead and take proactive measures. 
• Extensive testing experience, with the ability to perform detailed and precise data validation. 
• Payroll experience or familiarity with payroll systems. 
• Outstanding problem-solving skills and the ability to think ahead and take proactive measures.

Hiring Level: We’ll consider talent at the next level with the right experiences and skills. 

 

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, Charlotte, NC, and Raleigh, NC). You’ll work with your leader to figure out which option may align best based on several factors.

 

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:$81900 - $140000 / yearTime 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:YesAdditional Information:

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.Date First Posted (TTF):8/23/2025Latest Post Date: Careers - US:8/23/2025

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