What are the responsibilities and job description for the Senior Associate, Pension Solutions Underwriter position at Principal Financial Group?
What You'll Do
As a Senior Associate, Pension Solutions Underwriter on our Pension Risk Transfer team, you'll underwrite small to mid-sized single premium cases by analyzing bid specifications, preparing quotes, evaluating risks, and supporting proposal development. Partner with brokers, consultants, marketers, and internal team members to provide responsive service and accurate pricing solutions.
Who You Are
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)
$55800 - $126000 / 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.
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
Work Environments
This role offers an in-office hybrid work arrangement as well as fully remote, depending on the candidate. Hybrid will be a blending of at least three office days in a typical workweek and only if residing within 30 miles from Des Moines, IA or Charlotte, NC. You’ll work with your leader to determine which option may align best based on several factors.
Job Level
We’ll consider talent at the next level with the right experiences and skills. Next level would require4 years of experience in annuities underwriting, financial risk evaluation, or related financial services roles.
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.
Experience Principal
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 outstanding 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. Check out our careers site to learn more about our purpose, values and benefits.
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
9/15/2026
Most Recently Posted Date
9/15/2026
Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice for more details on our practices and your data privacy rights.
LinkedIn Remote Hashtag
As a Senior Associate, Pension Solutions Underwriter on our Pension Risk Transfer team, you'll underwrite small to mid-sized single premium cases by analyzing bid specifications, preparing quotes, evaluating risks, and supporting proposal development. Partner with brokers, consultants, marketers, and internal team members to provide responsive service and accurate pricing solutions.
- Underwriting small to mid-sized single premium cases through evaluation of bid specifications, validating data, assessing contract risks, preparing quotes, and documenting assumptions. Review plan provisions, identify questions, and support timely and accurate quote delivery. Handle repricing requests and maintain underwriting documentation.
- Build and manage relationships by maintaining regular communication, timely follow-up, and adaptable customer service with agents, advisors, and marketers. Answer questions and provide information throughout the quote process.
- Maintain knowledge of market conditions, industry trends, and product features. Follow standard underwriting frameworks and pricing methodologies to support quote development, repricing activities, and customer solutions.
- Participate in team discussions, share ideas, contribute suggestions for process improvements, and support team goals.
- Perform other job-related duties or special projects as assigned.
Who You Are
- 2 years of experience in annuities underwriting, financial analysis, insurance, retirement services, or related financial services experience, or equivalent demonstrated through a combination of work experience, training, military experience, or education.
- Working knowledge of annuity products, underwriting principles, and risk evaluation concepts.
- Experience with defined benefit plans and/or single premium contracts is preferred.
- Ability to analyze plan specifications, evaluate data, and support underwriting recommendations.
- Strong analytical, mathematical, and problem-solving skills.
- Proficiency in Microsoft Excel and other business applications.
- Effective written and verbal communication skills with the ability to interact with internal and external business partners.
- Strong organizational skills with the ability to manage, prioritize and meet deadlines.
- Ability to apply established underwriting guidelines, procedures, and pricing methodologies.
- Proven attention to detail and commitment to accuracy.
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)
$55800 - $126000 / 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:
- Senior Associate, Pension Solutions Underwriter: $55,800 - $75,600 / year
- Pension Solutions Underwriter: $69,300 - $94,500 / year
- Des Moines, IA:
- Senior Associate, Pension Solutions Underwriter: $58,900 - $79,800 / year
- Pension Solutions Underwriter: $73,150 - $99,750 / year
- Charlotte, NC:
- Senior Associate, Pension Solutions Underwriter: $62,000 - $84,000 / year
- Pension Solutions Underwriter: $77,000 - $105,000 / year
- Chicago/Minneapolis:
- Senior Associate, Pension Solutions Underwriter: $68,200 - $92,400 / year
- Pension Solutions Underwriter: $84,700 - $115,500 / year
- Los Angeles/New York City:
- Senior Associate, Pension Solutions Underwriter: $74,400 - $100,800 / year
- Pension Solutions Underwriter: $92,400 - $126,000 / year
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
Work Environments
This role offers an in-office hybrid work arrangement as well as fully remote, depending on the candidate. Hybrid will be a blending of at least three office days in a typical workweek and only if residing within 30 miles from Des Moines, IA or Charlotte, NC. You’ll work with your leader to determine which option may align best based on several factors.
Job Level
We’ll consider talent at the next level with the right experiences and skills. Next level would require4 years of experience in annuities underwriting, financial risk evaluation, or related financial services roles.
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.
Experience Principal
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 outstanding 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. Check out our careers site to learn more about our purpose, values and benefits.
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
9/15/2026
Most Recently Posted Date
9/15/2026
Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice for more details on our practices and your data privacy rights.
LinkedIn Remote Hashtag
Salary : $55,800 - $126,000