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What You'll Do

We’re looking for an AVP, Corporate Strategy & Development to join our Enterprise Strategy team. In this role, you’ll provide enterprise strategy, business development, M&A, and innovation leadership and execution for the small and medium sized business SMB and organization and prioritization of the SMB portfolio. Drive successful implementation of an SMB organization, thereby improving customer and employee experiences and creating value for shareholders consistent with external targets.

+ Lead enterprise strategy, business development, M&A, and innovation functions for the SMB organization, including deeply understanding the needs of the organizations as they evolve, actively demonstrating expertise in 3-4 of the functional areas, influencing stakeholders and experts at all levels of the enterprise, and negotiating with potential buyers, sellers, or partners as necessary on behalf of Principal.

+ Provide program management of the overall SMB horizontal implementation and SMB portfolio prioritization effort, working in conjunction with responsible business and functional leaders and key stakeholders.

+ Providing ongoing performance management with SMB workstream sponsors, workstream leaders, and initiative owners on the successful execution of corporate strategy and development initiatives with significant potential impact to improved customer experience & business results.

+ Effectively represent and liaise with SMBstakeholders in the company's strategic, financial, and capital planning activities.

+ Actively recruit, train, and develop direct reports and more junior members of the Corporate Strategy and Development team.

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

+ Requires Bachelor’s degree, MBA in finance or strategy preferred

+ 10+ years of relevant experience, and CPA/CFA/FLMI/CLU plus proven track-record of achievement in the insurance industry in at least 3 of the following 4 functions: strategy, business development, M&A, and innovation.

+ Strong strategic thinking, communication, negotiation, analytical, and leadership/coaching skills, and tenacity about improving customer service and employee experiences.

+ Ability to build trust and respect, inspire others to work through resistance to change, and work in a matrixed, ambiguous, and politically charged environment.

+ Requires ability to develop and maintain good relationships with investment bankers, management consultants, and potential counterparties.

+ Must have broad understanding and knowledge of the corporation - its businesses, capital needs, and strategic and operational plans.

+ Travel is required.

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)

$174000 - $236000 / 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 an in-office and hybrid (blending at least three office days in a typical workweek) work arrangement in Des Moines, IA.

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

4/17/2025

Most Recently Posted Date

4/17/2025