Principal Financial Group Inc

Lead Technology Sourcing Consultant (Asset Management)

Principal Financial Group Inc$127K — $155K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience.
  • 8+ years in strategic sourcing and vendor management.
  • Experience in negotiating complex technology contracts.
  • Proven ability to redline contracts and negotiate favorable terms.
  • Success in developing sourcing strategies across business areas.
  • Strong project management skills for managing multiple priorities.
  • Excellent communication and stakeholder management abilities.

Responsibilities

  • Develop and execute sourcing strategies aligned with business goals.
  • Build strong relationships with business leaders as a sourcing consultant.
  • Lead negotiations for complex technology agreements.
  • Redline contracts and negotiate terms balancing various requirements.
  • Identify cost-saving opportunities and conduct cost-benefit analyses.
  • Manage RFPs and supplier onboarding processes.
  • Define supplier performance expectations with internal stakeholders.

Benefits

  • Flexible Time Off (FTO) for vacation and personal needs.
  • Pension eligibility for long-term financial planning.
  • Hybrid work schedule with in-office and remote flexibility.
Full Job Description
What You'll Do

As a Lead Technology Sourcing Consultant supporting our Principal Asset Management business, you'll serve as a trusted advisor to business leaders, partnering across the organization to develop sourcing strategies, optimize supplier relationships, and negotiate complex technology agreements that support business objectives.

You'll manage a broad portfolio of technology-related spend, including hardware, software, SaaS, cloud solutions, and technology services. In this highly visible role, you'll work closely with business stakeholders, legal partners, and suppliers to deliver innovative solutions, manage risk, and maximize value.

 

Key Responsibilities

  • Develop and execute sourcing strategies that align with business priorities and long-term objectives.
  • Build strong relationships with business leaders and serve as the primary sourcing consultant for assigned technology categories.
  • Lead negotiations for complex technology agreements, including software, hardware, SaaS, cloud, and professional services contracts.
  • Redline contracts and negotiate preferred Principal terms and conditions while balancing business, legal, financial, and operational requirements.
  • Identify cost-saving opportunities and conduct cost-benefit analyses to support business decisions.
  • Lead and manage RFPs, supplier evaluations, selection processes, and supplier onboarding activities.
  • Partner with internal stakeholders to define supplier performance expectations, service levels, and contractual obligations.
  • Provide strategic guidance throughout the sourcing lifecycle and ensure successful execution of sourcing initiatives.
  • Manage multiple sourcing projects simultaneously while maintaining focus on priorities, timelines, and stakeholder expectations.
  • Mentor team members and contribute to continuous improvement of sourcing practices and processes.
Who You Are

You're a strategic thinker and skilled negotiator who thrives in a collaborative environment. You have a strong understanding of technology procurement and enjoy building relationships, solving complex problems, and influencing outcomes across diverse stakeholder groups.

 

Qualifications

  • Bachelor's degree or equivalent experience.
  • 8+ years of experience in strategic sourcing and vendor management.
  • Experience negotiating complex technology contracts, including hardware, software, SaaS, cloud, and technology services agreements.
  • Proven ability to redline contracts and negotiate favorable commercial and contractual terms.
  • Demonstrated success developing and executing sourcing and negotiation strategies across multiple business areas.
  • Strong project management skills with the ability to manage multiple priorities and initiatives simultaneously.
  • Strong analytical, financial, and business acumen.
  • Excellent communication, relationship-building, and stakeholder management skills.
  • Ability to influence internal and external partners at all levels of an organization.
  • Strong problem-solving skills and ability to make informed decisions using data and facts.
  • Experience mentoring or coaching others is a plus.

Preferred Qualifications

  • Experience supporting technology procurement or technology category management.
  • Experience within financial services or asset management environments is helpful but not required.
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$127000 - $155000 / 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 

This role will be based in either our Des Moines Iowa or Charlotte North Carolina locations and will benefit from a hybrid work schedule with an average of three in-office days per week. 

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

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.

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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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