Assistant Director-Advanced Solutions

Principal Financial Group • Raleigh, NC

108d • $127,000 - $171,000 • Hybrid

About The Position

We're looking for an Assistant Director of Advanced Solutions in our Nonqualified Operations team! In this role you'll provide critical support on complex tax, accounting and regulatory topics for business and executive benefits programs for participants, employers, and advisors. This also includes monitoring and interpreting legislative and regulatory matters.
Provide analysis and recommendations on highly complex fact patterns related to Internal Revenue Code Section 409A and 457 including the assistance of IRS corrections procedures.
Respond promptly and accurately to customer inquiries regarding payroll topics, accounting treatment, and regulatory reporting. This includes the tax reporting of contributions, distributions, FICA, and SEC reporting related to nonqualified deferred compensation plans.
Monitor legislative, regulatory, accounting and tax related activity. Provide insight to business unit management, develop communication materials, and deliver messaging to wholesalers, producers and existing clients.
Draft, design and condense sophisticated subject matter topics into relevant, understandable and action-oriented communications for participants, employer, and internal staff.
Maintain and provide the highest level of expertise in tax, accounting, and legal matters.
Participate in strategic planning and policy development for the area. Work with and through other departments to provide effective solutions and systems.
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!

Requirements

• Bachelor’s degree in Finance, Accounting, or Business preferred
• CPA designation and 7+ years related experience preferred
• Understanding of nonqualified benefits programs and familiarity with the relevant Internal Revenue Code sections, including 409A and 457, preferred
• Must understand the sales process and comprehensive knowledge of state and federal laws relating to tax planning and insurance as well as an appreciation of product features and market trends
• FINRA Series 6 registration is required or must be obtained within 18 months of employment. Must meet firm standards for registration within applicable jurisdictions.
• This position may be subject to SEC restrictions on personal political contributions

Nice To Haves

• Industry designations (eg CLU, ChFC, CFP, FLMI), or progress towards, preferred

Responsibilities

• Provide critical support on complex tax, accounting and regulatory topics for business and executive benefits programs for participants, employers, and advisors.
• Provide analysis and recommendations on highly complex fact patterns related to Internal Revenue Code Section 409A and 457 including the assistance of IRS corrections procedures.
• Respond promptly and accurately to customer inquiries regarding payroll topics, accounting treatment, and regulatory reporting.
• Monitor legislative, regulatory, accounting and tax related activity.
• Draft, design and condense sophisticated subject matter topics into relevant, understandable and action-oriented communications for participants, employer, and internal staff.
• Maintain and provide the highest level of expertise in tax, accounting, and legal matters.
• Participate in strategic planning and policy development for the area.
• Work with and through other departments to provide effective solutions and systems.

Benefits

• 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.
• Pension Eligible

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees