What are the responsibilities and job description for the Senior Sourcing Consultant position at Principal Financial Group?
What You'll Do
Further your career today as a Strategic Sourcing Consultant at Principal Financial Group!
We are seeking exceptional candidates to join our Global Sourcing team in Des Moines, IA, or Charlotte, NC.
As a Sourcing Consultant, you will have the opportunity to collaborate with business partners and suppliers to develop strategic Consulting/Professional Services/Outsourcing contracts and relationships. This is your chance to be part of a world-class team that is passionate about providing the most value to our business partners.
As a Sourcing Consultant within our Professional Services category, you'll help us transform the way our teams deliver value to our business partners. We are seeking highly motivated Consulting/Professional Services Sourcing professionals who can encourage innovative solutions that are valuable (saves money for the business), viable (the solution fulfills the requirements and works within the constraints of our business), and strategic (leverages industry intelligence that keeps us ahead of the competition.)
Your day could look like this:
Successful candidates will have the following:
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)
$110200 - $140000 / 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 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 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. 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
8/27/2026
Most Recently Posted Date
8/27/2026
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.
Further your career today as a Strategic Sourcing Consultant at Principal Financial Group!
We are seeking exceptional candidates to join our Global Sourcing team in Des Moines, IA, or Charlotte, NC.
As a Sourcing Consultant, you will have the opportunity to collaborate with business partners and suppliers to develop strategic Consulting/Professional Services/Outsourcing contracts and relationships. This is your chance to be part of a world-class team that is passionate about providing the most value to our business partners.
As a Sourcing Consultant within our Professional Services category, you'll help us transform the way our teams deliver value to our business partners. We are seeking highly motivated Consulting/Professional Services Sourcing professionals who can encourage innovative solutions that are valuable (saves money for the business), viable (the solution fulfills the requirements and works within the constraints of our business), and strategic (leverages industry intelligence that keeps us ahead of the competition.)
Your day could look like this:
- Coach and influence internal and external leaders and teams to promote best practices in category management and achieve business results
- Develop sourcing initiative strategy according to the total cost of ownership model, internal data, and category market intelligence
- Collaborate with our leaders to deliver solutions for their business needs as we produce outcomes our customers love
- Direct and execute on all aspects of strategic sourcing for medium-to-high complexity (dollar and risk) third-party spend needs
- Lead consulting statement of work requirements development, supplier selection, pricing analysis, and contract review and negotiation
- Support audit compliance and risk management efforts
Successful candidates will have the following:
- Bachelor's degree or equivalent experience
- 6 years related experience in sourcing, supply chain management, contract negotiations, or contract law.
- Knowledge of and experience with strategic sourcing principles and supply base management strategy with particular emphasis in professional services categories
- Desire to learn about market intelligence & analytics within the professional services industry
- Proven ability to engage with business partners and company leaders in a constructive and collaborative relationship
- Aptitude for solving complex problems and challenging/influencing stakeholders.
- Strong oral and written communication skills are vital
- Extensive experience negotiating Professional Service agreements (all types)
- Strategic planning, spend analysis and supplier management (performance tracking and reporting, governance) experience
- Experience as a sourcing consultant within the consulting and managed / outsourced services categories strongly
- Experience with contingent workforce programs / staffing MSP’s
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)
$110200 - $140000 / 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.
- Des Moines, IA: $110,200 - $140,000 / year
- Charlotte, NC: $116,000 - $140,000 / 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 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 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. 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
8/27/2026
Most Recently Posted Date
8/27/2026
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.
Salary : $110,200 - $140,000