Principal Financial Group Inc

Division Managing Director – Large Market Customer Care

Principal Financial Group Inc$157K — $200K *
US-AnywhereRemote in Des Moines, IA
Business Services
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • 15+ years of industry experience or equivalent through work, training, military, or education.
  • 7+ years managing senior client-facing professionals in complex environments.
  • Expert knowledge of defined contribution plans, ERISA, and recordkeeping operations.
  • Proven track record managing large institutional relationships ($500M+) with successful retention and growth outcomes.
  • Strong executive presence with effective communication skills for influencing senior clients and leaders.
  • Robust financial acumen including client P&L understanding and data-driven decision-making.
  • Familiarity with CRM tools and analytics, along with strong organizational skills.

Responsibilities

  • Oversee senior Relationship Managers to enhance client experience and strengthen partnerships.
  • Set the vision for client engagement and coach RMs for high performance.
  • Collaborate cross-functionally to ensure client retention and operational excellence.
  • Lead department representation in key initiatives for improved client outcomes.
  • Drive profitability and mitigate risks for Principal's largest institutional clients.

Benefits

  • Flexible Time Off (FTO) policy allowing paid time off for vacation and personal needs.
  • Eligible for pension plan participation.
  • Hybrid work arrangements available, combining office and remote work.
Full Job Description
What You'll Do

We’re looking for a Division Managing Director to join our Large Market Customer Care team. In this role, you’ll…

 

  • Oversee a team of senior Relationship Managers (RMs) responsible for delivering exceptional client experience, strengthening plan sponsor partnerships, and driving enterprise financial results
  • Set the vision for client engagement, coach and develop high-performing RMs, and partner cross-functionally to ensure retention, profitability, operational excellence, and risk mitigation across Principal’s largest institutional clients.
  • Serve as an instrumental leader representing the department in key business initiatives to drive better outcomes for Principal’s clients and their participants. 
Who You Are
  • 15+ years of related industry experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
  • 7+ years leading senior client-facing professionals in high-complexity environments.
  • Deep knowledge of defined contribution plans, ERISA, regulatory frameworks, and recordkeeping operations.
  • Demonstrated success leading large institutional relationships ($500M+ plan size) with measurable outcomes in retention and growth.
  • Proven ability to influence and engage senior client executives, consultants, and internal leaders through strong executive presence and communication skills.
  • Strong financial and business acumen (client P&L, pricing, revenue drivers, operational cost structure) and data-driven decision-making.
  • Proficiency with CRM, reporting, and analytics tools (e.g., Salesforce, dashboards, service reporting) along with strong organizational and planning skills.
  • Travel required, including overnight stays, based on client and business needs, up to 50%.

Licensing will be required based on state/federal laws and/or company policy in accordance with current licensing policy. The below licenses are required within 5 months of employment:

  • Successful Registration as an Investment Company Products/Variable contracts Limited Representative (FINRA Series 6 or equivalent and FINRA Series 63). The SIE exam may be a requirement.

The below license is required within 9 months of employment:

  • FINRA Series 26 - Investment Company and Variable Contracts Products Principal.
Salary Range InformationSalary 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$157000 - $200000 / year Time Off ProgramFlexible 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 EligibleYes Additional Information

Location(s) & Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements. You’ll work with your leader to figure out which option may align best for you.

 

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)

 

Nonimmigrant Workers and 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

While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values, benefits and why we’re an exceptional place to grow your career.

 

Posting WindowWe 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. Date First Posted (TTF)5/5/2026 Latest Post Date: Careers - US5/5/2026

LinkedIn Remote Hashtag

#LI-Remote

About Principal Financial Group Inc

Principal Financial Group Inc Careers

Join the dynamic team at Principal Financial Group Inc, a global leader in investment management and retirement services. At Principal, we are committed to helping individuals and businesses achieve financial security and success, making now the perfect time to explore job opportunities with us.

Work You’ll Do

Embark on a career at Principal Financial Group Inc and contribute to our mission of empowering financial well-being across the globe. Our company offers a wide range of positions, from finance to technology, where your skills will help shape the future of financial services.

Innovate and Lead

At Principal, innovation and leadership go hand in hand. We provide a platform where your ideas can lead to groundbreaking financial solutions, driving growth and efficiency. Join our team and be at the forefront of industry-leading projects that redefine what is possible in the financial sector.

Grow Your Career

Principal Financial Group Inc is not just a company; it's a place where you can grow professionally and personally. We support career advancement through professional development programs, leadership training, and opportunities for networking and mentorship. Our commitment to diversity and inclusion ensures that all team members have the opportunity to succeed.

Experience Our Culture

Our culture is built on collaboration, respect, and a commitment to excellence. We believe in fostering a supportive environment where every team member’s contribution is valued. Enjoy benefits that support both your professional and personal life, and work alongside colleagues who are passionate about making a difference.

Internship and Employment Opportunities

Whether you're starting your career or looking to make a significant impact in your professional journey, Principal offers a range of internship and employment opportunities. Gain hands-on experience, work on real-world projects, and learn from leaders in the financial industry.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Principal Financial Group Inc. We are hiring creative, curious, and motivated individuals who are ready to drive innovation and lead with integrity. Check out our open positions, tailor your resume, and prepare for an interview that could lead to your next great adventure.

Stay Connected

Keep up to date with the latest from Principal Financial Group Inc by following our careers blog. Get insider perspectives, tips for a successful interview, and the latest news on the financial industry that you can apply directly to your career.

Networking and Professional Development

At Principal, your growth is our priority. Enhance your professional skills through comprehensive training programs and connect with industry leaders and peers through our robust networking events. Our commitment to your development is unwavering, as we believe it is fundamental to our collective success.

Explore Careers at Principal Financial Group Inc

Discover the exciting career paths available at Principal. From internships to leadership roles, the opportunities for professional growth are abundant. Join us and contribute to a company that values innovation, leadership, and a diverse workforce dedicated to achieving exceptional results.

Apply Today

Are you ready to make a meaningful impact in the financial services industry? Search for open positions that match your skills and interests at Principal Financial Group Inc. We look for passionate, driven, and solution-oriented team players. Start your journey with us today and be part of a team that’s redefining the future of finance.

Principal Financial Group Inc—where careers grow, innovation thrives, and leaders are made.

Learn more about Principal Financial Group Inc
Size
18,600 employees
Market Cap
$20.7 billion
Industry
Net Income
$1.3 billion
5 Year Trend
+2.7%
Revenue
$14.7 billion
NASDAQ

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