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What You'll Do

We are looking for a Product Manager 2 to join our Pension Risk Transfer team. You will serve as a strategic liaison between business strategy and technology teams. This role is responsible for defining product vision, creating roadmaps, and ensuring seamless collaboration across business and technical stakeholders. The ideal candidate will manage complexity, drive critical initiatives, and ensure alignment between business needs and technology solutions.

Key Responsibilities

+ Develop and articulate product vision and strategy aligned with business goals.

+ Develop and maintain detailed product roadmaps that guide development and delivery.

+ Collaborate with stakeholders at all levels—from AVPs to individual contributors—to drive alignment and execution.

+ Apply modern product management methodologies to deliver value efficiently.

+ Facilitate cross-functional collaboration between business and tech teams.

+ Maintain comprehensive documentation of product requirements, technical builds, and business impacts.

+ Share updates and progress with stakeholders, including PMs, tech teams, and shareholders.

+ Analyze data to inform product decisions and measure success.

+ Prioritize tasks effectively with strong time management skills.

+ Demonstrate resilience by adapting to challenges and driving solutions forward.

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

+ 4+ years of business, technology, or product management experience; or equivalent demonstrated through the following: work experience, training, military experience, or education

+ 2+ years working in a highly collaborative, fast-paced environment with engineering teams and partners

+ Proven track record in overseeing single or multiple products

+ Demonstrated capability to apply problem-solving, partnership, and informed decision-making in product contexts.

+ Experienced in managing partnerships and maintaining strong professional relationships within product teams

+ Skilled in leadership, persuasion, and negotiation within product-driven initiatives.

Skills That Will Help You Stand:

+ Experience and/or knowledge within Defined Benefits or Pension Risk Transfer is a significant plus.

+ Ability to understand complex systems and processes, including contract rewrites.

+ Demonstrates a solid understanding of product methodologies and frameworks.

+ Proven experience in planning ahead, crafting roadmaps, and analyzing data.

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)

$104400 - $187200 / 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

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

12/18/2025

Most Recently Posted Date

12/18/2025

LinkedIn Remote Hashtag

\#LI-Remote

LinkedIn Hashtag

\#LI-EW1