Senior Associate, Pension Solutions Underwriter

Principal Financial Group • Des Moines, IA

3d • Hybrid

About The Position

As a Senior Associate, Pension Solutions Underwriter on our Pension Risk Transfer team, you'll underwrite small to mid-sized single premium cases by analyzing bid specifications, preparing quotes, evaluating risks, and supporting proposal development. Partner with brokers, consultants, marketers, and internal team members to provide responsive service and accurate pricing solutions.
Underwriting small to mid-sized single premium cases through evaluation of bid specifications, validating data, assessing contract risks, preparing quotes, and documenting assumptions. Review plan provisions, identify questions, and support timely and accurate quote delivery. Handle repricing requests and maintain underwriting documentation.
Build and manage relationships by maintaining regular communication, timely follow-up, and adaptable customer service with agents, advisors, and marketers. Answer questions and provide information throughout the quote process.
Maintain knowledge of market conditions, industry trends, and product features. Follow standard underwriting frameworks and pricing methodologies to support quote development, repricing activities, and customer solutions.
Participate in team discussions, share ideas, contribute suggestions for process improvements, and support team goals.
Perform other job-related duties or special projects as assigned.
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

• 2+ years of experience in annuities underwriting, financial analysis, insurance, retirement services, or related financial services experience, or equivalent demonstrated through a combination of work experience, training, military experience, or education.
• Working knowledge of annuity products, underwriting principles, and risk evaluation concepts.
• Ability to analyze plan specifications, evaluate data, and support underwriting recommendations.
• Strong analytical, mathematical, and problem-solving skills.
• Proficiency in Microsoft Excel and other business applications.
• Effective written and verbal communication skills with the ability to interact with internal and external business partners.
• Strong organizational skills with the ability to manage, prioritize and meet deadlines.
• Ability to apply established underwriting guidelines, procedures, and pricing methodologies.
• Proven attention to detail and commitment to accuracy.

Nice To Haves

• Experience with defined benefit plans and/or single premium contracts is preferred.

Responsibilities

• Underwrite small to mid-sized single premium cases through evaluation of bid specifications, validating data, assessing contract risks, preparing quotes, and documenting assumptions.
• Review plan provisions, identify questions, and support timely and accurate quote delivery.
• Handle repricing requests and maintain underwriting documentation.
• Build and manage relationships by maintaining regular communication, timely follow-up, and adaptable customer service with agents, advisors, and marketers.
• Answer questions and provide information throughout the quote process.
• Maintain knowledge of market conditions, industry trends, and product features.
• Follow standard underwriting frameworks and pricing methodologies to support quote development, repricing activities, and customer solutions.
• Participate in team discussions, share ideas, contribute suggestions for process improvements, and support team goals.
• Perform other job-related duties or special projects as assigned.

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: Senior
• Education Level: No Education Listed