Retirement Benefit Analyst II

Principal Financial Group • Des Moines, IA

6h

About The Position

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! This role involves independently examining and handling complex retirement calculations and transactions within defined timing and quality standards. The analyst acts as a resource for calculation and transaction processing, supports the management and review of participant data and retirement information, and may offer informal oversight and conduct quality checks.

Requirements

• A Bachelor’s degree or equivalent experience in an analytical field is required. Fields may include Math, Actuarial Science, or Statistics.
• Strong mathematical, technical, and analytical skills combined with meticulous attention to detail
• Must demonstrate sound decision-making capacity alongside strong organizational skills
• Must exhibit robust mentoring, interpersonal, and listening skills
• Must be able to interpret plan/contract provisions and apply them to the calculation being requested
• Needs to have the capacity to handle a heavy workload and prioritize effectively amid frequent interruptions
• Must be a teammate and a positive influence in a team environment
• High integrity and discretion to ensure the confidentiality of sensitive client data

Nice To Haves

• At least 1 year of related work experience is preferred.
• Familiarity with spreadsheet and database or comparable PC software packages, or the capacity to learn, is preferred

Responsibilities

• Independently examine and handle complex retirement calculations and transactions within defined timing and quality standards.
• Act as a resource for calculation and transaction processing.
• Support the management and review of participant data and retirement information.
• Offer informal oversight and may conduct quality checks of transactions and calculations.
• Conduct retirement calculations and transactions while adhering to compliance requirements, client/legal documents, and tax considerations.
• Investigate and address calculation and transaction issues.
• Achieve performance measurement standards to guarantee calculations are timely and of high quality.
• Provide positive informal leadership influence and support to all team members.
• Share knowledge, possibly serving as a subject matter expert and mentor resource to internal business partners.
• Communicate effectively with internal business partners to resolve problems.
• Report and communicate problems, working with appropriate technical and actuarial areas for resolution as needed.
• Identify and recommend the most effective system solutions, workflows, and procedures for the maintenance and improvement of customer service.
• Perform other job-related duties or special projects as required.

Benefits

• opportunity to participate in a bonus program
• Personal Time Off (PTO) is provided to hourly (non-exempt) employees and provides a set amount of accrued time earned each pay period.
• Employees can use their PTO for vacation, personal or short-term illness.
• Pension Eligible
• comprehensive, competitive benefit programs aimed at protecting their physical, financial, and social well-being.

What This Job Offers

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