[Hiring] Pension Calculation Automation Analyst I @Principal Financial Group

Role Description

As a Pension Calculation Automation Analyst I, you will get the opportunity to complete desktop tool coding primarily within Excel and Visual Basic – related to Defined Benefit (DB) calculation automation to drive pension customer experience, scalability, and mitigate risks for the organization. Use DB calculation experience to provide recommendations for improvements and automation. Serve as an expert for internal and external contacts by providing services and support around data, analytics, and calculation.

• Responsible for analyzing, creating, and fixing defects within DB calculation desktop tools.
• Deliver the solution to the production environment and provide ongoing support for defects/fixes and internal improvements as necessary.
• Partner and support defined benefit plan onboarding team to assure that the calculation system can be set up according to specifications and request clarification as necessary when interpreting plan specifications.
• Follow firm and line of business processes, protocols and quality standards in the development and deployment of solutions for all implementations and ongoing servicing.
• Perform highly in-depth quality reviews through detailed testing for tools and calculation system output.
• Raise appropriate issues and potential delays related to desktop tool implementation or fixes.
• Assist with development of new tools, processes, and solutions to create efficiencies and business outcomes.
• Assist with mentoring, training, and development of team members on specific items assigned, based upon experience.

Qualifications

• 3+ years of DB product knowledge.
• Familiarity within DB pension field required.
• Calculation system or DB calculation experience preferred.
• An associate degree or higher in math, actuarial science, statistics, or a similar field is helpful.
• Understanding of pension administration technology, calculation formulas.
• Planning, problem solving, analytical, time management decision making, and interpersonal skills required.
• Strong mathematical, technical, and analytical skills along with keen attention to detail.
• Strong communication skills across multiple mediums – including both long- and short- form written and verbal formats.
• Ideally able to illustrate mathematical examples in an easy to digest format.
• Experience mentoring and developing junior level team members.
• Ability to interpret sophisticated, detailed plan provisions.
• Ability to handle a full workload and prioritize.
• Be a team player and a positive influence in a team environment.
• Strong proficiency in Excel is required, experience with Visual Basic is preferred.
• Experience working with databases is preferred.
• High integrity and discretion to ensure the confidentiality of sensitive client data.

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 (Non-Exempt expressed as hourly; Exempt expressed as yearly): $55,800 - $152,400 / year
• Wichita, KS: Pension Calc. Automation Analyst I: $55,800 - $75,600 / year
• Des Moines, IA: Pension Calc. Automation Analyst I: $58,900 - $79,800 / year
• Charlotte, NC: Pension Calc. Automation Analyst I: $62,000 - $84,000 / year
• Chicago/Minneapolis: Pension Calc. Automation Analyst I: $68,200 - $92,400 / year
• Los Angeles/New York City: Pension Calc. Automation Analyst I: $74,400 - $100,800 / 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.

Work Environments

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, or Charlotte, NC).

Company Description

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.