Principal Financial Group Inc

Process Owner

Principal Financial Group Inc • $84K — $187K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 6+ years of experience in process management or business process reengineering, preferably in a relevant sector.
  • Strong analytical abilities to evaluate complex processes and develop data-driven solutions.
  • Excellent communication skills for collaboration with cross-functional teams.
  • Project management skills to effectively plan and prioritize tasks.
  • Proficiency in process modeling tools and workflow automation software.

Responsibilities

  • Own and analyze end-to-end business processes, assessing impacts, inputs, and customer effects.
  • Drive continuous process improvement through analysis and best practices implementation.
  • Develop multi-year roadmaps for process design and improvement initiatives.
  • Create and maintain process maps and relevant documentation for consistent execution.
  • Partner with stakeholders to align process initiatives with business goals.
  • Establish and monitor KPIs to track performance and improvement opportunities.
  • Identify and mitigate process risks, ensuring compliance and minimal operational impact.

Benefits

  • Flexible Time Off (FTO) policy allowing unpaid time away for personal needs.
  • Eligibility for a pension plan to support long-term financial stability.
Full Job Description
What You'll Do

We're looking for a Process Owner to join our Process Center of Excellence team. In this role, you'll be accountable for the ongoing performance and strategic design of end-to-end business processes across the operating environment!
  • Own end-to-end business processes, understanding objectives, inputs, outputs, dependencies, and customer impacts; perform impact analyses and cost-benefit analyses (CBA) to support prioritization and process improvement decisions.
  • Drive continuous improvement through process analysis, root cause identification, innovation, and implementation of best practices to improve efficiency, effectiveness, and quality.
  • Develop and maintain multi-year roadmaps for process design, improvement initiatives, and capital spend.
  • Create and maintain process maps, SOPs, and related documentation to ensure consistent process execution.
  • Partner with cross-functional stakeholders to gather requirements, solicit feedback, and align process initiatives with business objectives.
  • Establish and monitor KPIs and performance metrics to measure outcomes, track progress, and identify improvement opportunities.
  • Identify process risks, bottlenecks, and compliance concerns; implement controls and mitigation strategies to minimize operational impact.
  • Support change management activities, including communication, training, and adoption of process improvements.

Who You Are

  • 6+ years of related work experience in process management, business process reengineering, or similar roles, preferably within a relevant industry or sector or equivalent demonstrated through one or combination of the following: work experience, training, military experience or education.
  • Strong analytical skills with the ability to analyze complex processes, identify inefficiencies, and develop data-driven solutions.
  • Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and communicate complex concepts to diverse audiences.
  • Project management skills, including the ability to plan, organize, and prioritize tasks effectively to meet deadlines and deliverables.
  • Proficiency in process modeling tools, workflow automation software, and other relevant technologies to support process design and optimization efforts.

Skills That Will Help You Stand Out
  • Bachelor's degree in business administration, operations management, engineering, or a related field preferred.
  • Experience in the retirement or financial services industry, with knowledge of distributions, withdrawals, loans, and other money-out processes is highly preferred.
  • Relevant certifications (e.g., Six Sigma, Lean, BPM) preferred.


Salary Range Information

Salary 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

$84600 - $187200 / year

Salary Details

The following levels and locations are examples of market-specific salary ranges across different job levels and geographies. Candidates will be evaluated to determine the appropriate job level based on their skills and experience.
  • Wichita, KS:
    • Process Owner: $84,600 - $114,300 / year
    • Senior Process Owner: $104,400 - $140,400 / year
  • Des Moines, IA:
    • Process Owner: $89,300 - $120,650 / year
    • Senior Process Owner: $110,200 - $148,200 / year
  • Charlotte, NC:
    • Process Owner: $94,000 - $127,000 / year
    • Senior Process Owner: $116,000 - $156,000 / year
  • Chicago/Minneapolis:
    • Process Owner: $103,400- $139,700 / year
    • Senior Process Owner: $127,600 - $171,600 / year
  • Los Angeles/New York City:
    • Process Owner: $112,800 - $152,400 / year
    • Senior Process Owner: $139,200 - $187,200 / year


Time Off Program

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. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible

Yes

Additional Information

Job Level

We'll consider talent at the next level with the right experiences and skills.
  • 8+ years of related work experience in process management, business process reengineering, or similar roles, preferably within a relevant industry.
  • Experience in the retirement or financial services industry, with knowledge of distributions, withdrawals, loans, and other money-out processes is required.
  • Bachelor's degree in business administration, operations management, or a related field preferred.

Location

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, Charlotte, NC, and Raleigh, NC). You'll work with your leader to figure out which option may align best based on several factors.
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.

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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