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What You'll Do

Elevate exists to drive growth for small to mid-sized businesses across the country and is obsessed with creating value for those businesses. This role is critical to the execution of our mission as it is responsible for identification and analyzation of savings opportunities and GPO contract utilization that will unlock working capital for businesses to reinvest into the growth of their business(es). The Contract Activation Specialist (Value Maximization Team) is responsible for GPO contract activation across the Elevate membership. This role plays a key part in driving contract penetration through automation, collaborating with internal teams and external partners to maximize value for members. Additionally, the position leverages GPO partners and collaborates with strategic supplier relationships to ensure alignment with revenue-generating products and services while maintaining accurate tracking and reporting tools.

+ Responsible for driving contract utilization by enhancing contract penetration through leveraging automated solutions whenever possible, ensuring efficient and effective adoption. Partners with product teams and members to optimize the utilization of Group Purchasing Organization (GPO) contracts, products, and services. Enhance and implement a system for analyzing savings and presenting insights to identify underutilized contracts.

+ Understands and enhance revenue-generating solutions through maintaining in-depth knowledge of revenue-driving and value-added products and services to support member engagement and utilization.

+ Monitors and report performance by regularly update tracking tools and administrative reports (e.g., Salesforce) to ensure accurate monitoring of contract usage, savings impact, and overall performance.

Who You Are

+ 6+ years of contract management, procurement or product analysis experience demonstrated through one or a combination of the following: work experience, training, miliary experience or education.

+ 1+ years working for a GPO

+ Strong analytical skills with experience in savings analysis, contract management, or procurement.

+ Proficiency in data analytics tools and CRM platforms (e.g., Salesforce).

+ Ability to develop automated processes to enhance efficiency.

+ Excellent communication and relationship management skills to engage with suppliers, partners, and internal teams.

+ Detail-oriented with strong organizational and reporting capabilities.

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)

$81900 - $147600 / 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 Environment

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 candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)

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 Global Investors 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

5/15/2025

Most Recently Posted Date

5/15/2025

LinkedIn Remote Hashtag

\#LI-Remote

LinkedIn Hashtag

\#LI-EW1