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Principal Financial Group
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Product Owner II (Hybrid)
$107k-133k (estimate)
Full Time | Investment Management 1 Week Ago
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Principal Financial Group is Hiring a Product Owner II (Hybrid) Near Des Moines, IA

What You'll Do

The Product Manager is a member of the Agile Team in our Individual Disability Insurance area and is responsible for defining and prioritizing the team's backlog to optimally elevate and execute business objectives. The Product Manager plays a meaningful role in the oversight of delivered work and is instrumental in preparation and delivery of value to our end customers, with experience working with intermediate portfolios. We are combining data, technology, and a deep understanding of our system users into insurance platforms to delight our clients!

Here are some of the things you will do:

  • Show confidence in understanding disability products, product development and how it ties back to future business strategy. Embody a customer-focus over system-focus while chipping in to the vision for the product area. Be a storyteller.
  • Build positive relationships with internal and external partners to represent their needs. Communicate business and customer needs to team in a manner that simplifies complexity and eliminates jargon.
  • Responsible for backlog refinement and preparation of planned product releases which includes aggregating ideas or “bets”, deciphering which ideas to pursue through discovery, prioritizing these ideas into the product backlog, and ensuring the backlog represents the priorities of the business.
  • Assists in preparing work for sprint planning. Responsible for validating user stories meet the acceptance criteria and will achieve the desired outcome.
  • Assist in making decisions to enable the team to deliver quickly. Begins to serve as a subject matter expert, working across teams and functional business areas.
  • Assist in making data-driven decisions that enable the team to deliver quickly. Be comfortable with “grey” and not having all the answers. Make small bets and accept experimentation. Encourage small, frequent iterations versus big-bang deliveries.
  • Challenge status quo, encourage innovation, be forward-thinking and approachable. Begin to demonstrate influence with business partners for product direction. 
Who You Are

We are looking for someone with:

  • 2 years of business, technology, or product management experience; or equivalent demonstrated through the following: work experience, military experience, or education.
  • Basic experience in a product environment and exposure to the Product Manager role.
  • Demonstrated experience leading, influencing, and negotiating in a professional team environment.
  • Superb communication skills required including the ability to influence and negotiate.
  • Proven strategic thinking, collaboration and decision-making skills required.
  • Ability to define problem statements, drill down in details and ability to ask questions of business partners.

Preferred Skills:

  • Previous experience with Disability, Life or Group Insurance product knowledge.
  • Experience with insurance, risk, or financial concepts – premiums, billing, under writing, customer facing apps, policy administration, sales, or sophisticated distribution models.
  • Previous Product Owner, Business Analyst, or insurance SME experience
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)
$77350 - $182400 / 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.

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.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window
We 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.
Original Posting Date
5/8/2024
Most Recently Posted Date
5/8/2024

Job Summary

JOB TYPE

Full Time

INDUSTRY

Investment Management

SALARY

$107k-133k (estimate)

POST DATE

05/11/2024

EXPIRATION DATE

05/18/2024

HEADQUARTERS

LUFKIN, TX

SIZE

15,000 - 50,000

FOUNDED

2019

REVENUE

$50M - $200M

INDUSTRY

Investment Management

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The following is the career advancement route for Product Owner II (Hybrid) positions, which can be used as a reference in future career path planning. As a Product Owner II (Hybrid), it can be promoted into senior positions as a Product Manager IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Product Owner II (Hybrid). You can explore the career advancement for a Product Owner II (Hybrid) below and select your interested title to get hiring information.

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