Product Manager, Payroll & Rewards product focus

Principal Financial Group•Minneapolis, MN

5d•Hybrid

About The Position

We’re looking for an experienced Product Manager to join our HR Rewards product family team. In this role, you’ll lead the Payroll product portfolio while helping shape a connected strategy across the rewards product family which includes payroll, compensation, and benefits. You’ll bring an end to end product perspective to payroll, expanding the focus beyond technology delivery to include business strategy, operational workflows, stakeholder needs, and measurable product outcomes. You'll have the opportunity to: Own the end-to-end Payroll product management lifecycle across capabilities delivered through Oracle HCM, ADP, system integrations, and supporting operational workflows Lead product intake, discovery, prioritization, and delivery by identifying high-value opportunities, defining desired business outcomes, testing hypotheses, and using data and insights to guide product decisions Partner across payroll, human resources, technology, delivery, and vendor-supported teams to create shared understanding, align priorities, and remove barriers to delivering value Collaborate with the compensation and benefits product manager to maintain a cohesive Rewards product family roadmap across payroll, compensation, and benefits Facilitate roadmap, prioritization, and tradeoff discussions while identifying cross-product dependencies, impacts, risks, and investment opportunities across the rewards product family Ensure payroll product decisions consider the broader impact on adjacent HR products and the rewards experience as a connected portfolio Monitor product health and outcomes, evaluate the impact of releases, and make performance insights visible to product leaders, partners, and stakeholders Advance product maturity within payroll by modeling strong product practices, improving ways of working, and serving as a mentor and thought partner who helps strengthen product management capabilities across the rewards product family 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

4+ years of business, technology, or product management experience; or equivalent demonstrated through the following: work experience, training, military experience, or education
2+ years partnering with engineering teams, business partners, and stakeholders in a highly collaborative, matrixed product environment
Experience leading one or more products through the product lifecycle, including strategy, discovery, prioritization, delivery, and outcome measurement
Experience applying critical thinking, customer and stakeholder insights, and data to identify problems, evaluate opportunities, and make product decisions.
Ability to lead through influence, champion stakeholder relationships, negotiate priorities, and build alignment across organizational boundaries
Experience mentoring and coaching product professionals along with advancing product management practices within an organization

Nice To Haves

Product management experience within the payroll domain, working with ADP, Oracle HCM, or comparable enterprise payroll and HR platforms
Experience supporting products within a global organization, with the ability to apply a global approach and collaborate across regions
Strong product management maturity and can help business, technology, and program partners understand how their work connects to a cohesive product strategy
Financial services/retirement industry background

Responsibilities

Own the end-to-end Payroll product management lifecycle across capabilities delivered through Oracle HCM, ADP, system integrations, and supporting operational workflows
Lead product intake, discovery, prioritization, and delivery by identifying high-value opportunities, defining desired business outcomes, testing hypotheses, and using data and insights to guide product decisions
Partner across payroll, human resources, technology, delivery, and vendor-supported teams to create shared understanding, align priorities, and remove barriers to delivering value
Collaborate with the compensation and benefits product manager to maintain a cohesive Rewards product family roadmap across payroll, compensation, and benefits
Facilitate roadmap, prioritization, and tradeoff discussions while identifying cross-product dependencies, impacts, risks, and investment opportunities across the rewards product family
Ensure payroll product decisions consider the broader impact on adjacent HR products and the rewards experience as a connected portfolio
Monitor product health and outcomes, evaluate the impact of releases, and make performance insights visible to product leaders, partners, and stakeholders
Advance product maturity within payroll by modeling strong product practices, improving ways of working, and serving as a mentor and thought partner who helps strengthen product management capabilities across the rewards product family