Principal Financial Group Inc

Senior Product Manager 1 (Hybrid)

Principal Financial Group Inc$127K — $171K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 6+ years in business, technology, or product management; equivalent experience acceptable.
  • 3+ years in complex, collaborative product environments managing multiple product teams.
  • Demonstrated success in driving modernization and large-scale initiatives.
  • Experience collaborating with external vendors and internal SMEs to deliver on strategic objectives.
  • Strong strategic thinking with a balance of customer experience and operational efficiency.
  • Ability to leverage customer insights for product decisions.
  • Excellent communication skills with experience presenting to senior leadership.

Responsibilities

  • Lead the product strategy for annuity modernization initiatives across various teams.
  • Define key business outcomes and requirements for the product.
  • Facilitate deep understanding of complex problems through experimentation with product teams.
  • Accountable for the delivery success of complex and high-risk products.
  • Collaborate to remove impediments and negotiate resolutions across teams.
  • Ensure customer and user insights are integrated throughout the product life-cycle.
  • Communicate product updates effectively to stakeholders and partners.

Benefits

  • Flexible Time Off policy allowing paid time away from work.
  • Eligibility for pension plan.
  • Hybrid work environment options available.
Full Job Description
What You'll Do

We are seeking a Senior Product Manager to help lead the modernization of our annuity ecosystem. This highly collaborative role will partner across Product Development, Technology, Operations, business SMEs, Portfolio Management, and strategic vendors to drive modernization initiatives, balance value and risk, and build alignment across multiple product teams. The ideal candidate is a strategic thinker who can influence without authority, navigate complex organizational dynamics, and help shape the future customer, advisor, and operational experience within Annuities.

  • Product Strategy:
    • Defines and manages product strategy for strategically significant, complex products, requiring alignment across organization boundaries.
    • Partners with Director or Senior Director of Product Management and other product managers to ensure product strategies align to deliver on business and enterprise strategies.
    • Ensures relationships and dependencies with other products and teams are clearly understood; and works to integrate strategy through shared objectives.
    • Integrates business, customer, user, and partner insights to inform a clear understanding of problems to solve and risks to manage. Continuously seeks to improve the clarity and effectiveness of the product strategy.
    • Responsible for executing the strategy as part of multiple product team(s).
  • Product Discovery:
    • Accountable for understanding and defining key business outcomes and requirements for their product.
    • Articulates hypotheses and leads the product team(s) (design, engineering, and various business roles) to deeply understand complex problems and solutions through experimentation.
    • Responsible for bringing the data and insights to the table for product teams and stakeholders to understand and consume (in collaboration with design/experience experts)
    • Operates and improves an effective parallel discovery and delivery model appropriate for complex, sensitive, multi-team products.
  • Product Delivery:
    • Is accountable for success of product delivery on the most complex and high-risk products. Collaborates with other product managers, technology, and non-technology partners; often requiring strong agile cross-team or cross-portfolio interactions and ways of working.
    • In partnership with multiple teams, works to remove impediments within and among teams. Negotiates resolution to conflicts and constraints.
    • Ensures customer, user, and stakeholder insights are embedded in each stage of the product management life-cycle to enable efficient and effective use of delivery resources.
    • Ensures teams can break down work and synchronize in a manner which enable frequent release of valuable product changes.
    • Understand and facilitate and/or participate in team/agile ceremonies (effective structure & routines).
    • Responsible for successful delivery of measurable, goal-aligned value (quality, timing, communication), including ownership and refinement of the product roadmap.
    • Communicates product releases to stakeholders & partners
  • Product Assessment:
    • Ensures every goal-aligned unit of value created by multiple teams is measurable and can show progress towards overall product objectives.
    • Monitor and communicate product health, impact of product releases, and progress against product goals.
    • Responsible and accountable for meeting product outcomes and if necessary, making enhancements to go to market strategy, product, etc. to meet them.
  • Stakeholder Management and Communication:
    • Ensures key information (strategy, priorities, plans, experiments, results, etc.) regarding the product(s) is understood by stakeholders.
    • Communicates effectively as part of the Product Management team supporting a broader product family or portfolio.
    • Works with diverse stakeholders across department and organizational unit lines to understand, prepare for, and benefit from product changes.
  • Product Leadership
    • Provides thought partnership with AD, Dir, and Sr. Dir of Product Management
    • Periodically assesses the health and maturity of the product management practice within their sphere of responsibility; and works to continuously improve.
    • Lead the product strategy and execution for annuity modernization initiatives, partnering across Product Development, Technology, Operations, Portfolio Management, business SMEs, and strategic vendor partners.
Who You Are We are looking for someone with:
  • 6+ years of business, technology, or product management experience; or equivalent demonstrated through the following: work experience, military experience, or education.
  • 3+ years working in a highly collaborative, complex, fast-paced product environment with product or engineering teams and stakeholders managing multiple products.
  • Proven success driving modernization, platform implementation, migration or large-scale initiatives, including navigating organizational complexity and competing priorities.
  • Experience partnering with external vendors and internal SMEs to evaluate capabilities, define solutions, and deliver business outcomes aligned to strategic objectives.
  • Strong strategic thinking and decision-making skills, with the ability to balance customer experience, business value, operational efficiency, technical constraints, and risk.
  •  Ability to leverage customer, user, and partner data and insights to drive product decisions.
  • Strong communication and executive presence, with experience presenting recommendations, tradeoffs, and progress to senior leadership and diverse stakeholder groups.
  • Experience coaching, mentoring, or leading through influence in a professional environment.
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 - $171000 / 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

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek). 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 candidates 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 Global Investors 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)7/28/2026 Latest Post Date: Careers - US7/28/2026

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

Similar Jobs

More Jobs at Principal Financial Group Inc

More Finance & Insurance Jobs

Find similar Senior Product Manager 1 (Hybrid) jobs: