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What You'll Do

We’re looking for a strategic and results-driven CFO to lead the financial operations of our Bank & Trust companies and serve as a key advisor to the SVP of Income Solutions. This role will drive financial strategy, enhance operational efficiency, and ensure regulatory compliance across Income Solutions.

As a core member of the leadership team, the CFO will collaborate closely with Finance, Actuarial, and Enterprise partners - including Treasury, Risk, Investment, and Compliance—to support growth and deliver strong financial outcomes.

+ **Bank & Trust Financial Leadership:** Leads financial strategy and operations for the Bank & Trust division, including planning, asset-liability management, risk, and pricing (in collaboration with the RIS Chief Actuary and FP&A). Serves on executive teams for Bank, PCS, and PTC; represents Finance in regulatory forums; and engages directly with boards and regulators. Delivers integrated financial reporting and insights to support executive decision-making and drive performance across equity, profitability, loans, deposits, and returns.

+ **Team Development & Leadership:** Leads and mentors a high-performing finance team, promoting a culture of collaboration, transparency, and continuous improvement. Provides guidance and professional development opportunities to finance team members, ensuring succession planning and talent growth.

+ **Income Solutions Strategic Finance Partner:** Acts as a key advisor to the SVP of Income Solutions, identifying and executing opportunities to drive growth, efficiency, and profitability. Builds financial models and dashboards to support data-driven decisions and provides insights on industry trends and market conditions to inform strategic planning.

+ **Financial Reporting and Forecasting Support:** Supports financial reporting, forecasting, storytelling, and capital management across Income Solutions businesses in partnership with RIS FP&A and other finance areas in RIS (Chief Actuary & Chief Accounting Officer).

Who You Are

+ Bachelor’s degree in Finance, Accounting, Economics, or related field required. MBA or CFA designation preferred.

+ Minimum of 10 years of progressive experience in finance, accounting, or financial management. Preference for relevant banking experience including strong understanding of balance sheet management, liquidity and interest rate risk, capital management, and regulatory requirements.

+ Proven track record in a senior financial leadership role, ideally within the banking or financial services industry.

+ Experience in financial forecasting, budgeting, and financial modeling.

+ Exceptional organization skills with the ability to provide leadership, supervision and training for employees using positive supervisory techniques to ensure maximum productivity, demonstrated ability in organization and delegation skills.

+ Exceptional verbal, written and interpersonal communication skills with the proven track record of presenting to executive management, Boards, regulators, and auditors.

+ Strong business acumen and the ability to think both strategically and tactically. Highly collaborative, with the ability to operate in a matrix environment and manage multiple priorities in a fast-paced environment.

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 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 (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

6/5/2025

Most Recently Posted Date

6/5/2025

LinkedIn Hashtag

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