Process Specialist - Defined Benefits

Principal Global Services; Pune District; On-site; INR 600,000 - 900,000; Full time

Job summary

Principal Financial Group is seeking a process specialist for Defined Benefits in Pune. You will perform DB processing and calculations, manage worklists, and ensure adherence to SOPs, compliance, and audits.

Collaboration with seniors and proactive learning are expected as you implement updates and new tools. The role requires a analytical degree with finance/insurance exposure and a track record of accuracy in a regulated environment, contributing to a collaborative and inclusive workplace

Qualifications

• Bachelor’s degree in an analytical field such as Math, Actuarial Science, or Statistics.
• Minimum of 1.5-2 years of work experience in Retirements, preferably in the US Defined Benefit area.
• Total of 4-5 years of professional experience in a finance or insurance role.

Responsibilities

• Perform Defined Benefit (DB) processing and/or calculation across subtypes such as quotes, basic benefit events, annuities, and distributions.
• Manage assigned worklists efficiently while adhering to standard processing times.
• Produce high-quality work while following SOPs, compliance guidelines, and audit requirements.
• Support integration of new tools, updated SOPs, or workflow changes.
• Collaborate with seniors to understand complex cases and process updates.
• Identify learning gaps and request clarification or training when needed.

Skills

Mathematical aptitude

Analytical skills

Technical skills

Attention to detail

Education

Bachelor’s degree in analytical field

Job description

Responsibilities

Why Join Us?

At Principal Financial Group, we cultivate a culture where ambition and excellence prosper. As a Process Specialist - Defined Benefits, you will work alongside world-class teams and play a key role in seamless financial processing. Our dedication to continuous growth and integration of innovative tools ensures you stay ahead in industry developments. This opportunity suits those who care deeply about finance and insurance and want to contribute meaningfully in a collaborative and inclusive work environment.

Key Responsibilities

• Perform Defined Benefit (DB) processing and/or calculation across assigned subtypes such as quotes, basic benefit events, annuities, and distributions.
• Manage assigned worklists efficiently while adhering to standard processing times.
• Produce high-quality work while consistently following SOPs, compliance guidelines, and audit requirements.
• Support integration of new tools, updated SOPs, or workflow changes.
• Collaborate closely with seniors to understand complex cases and process updates.
• Identify individual learning gaps and proactively request clarification or training when needed.

Qualifications

• Bachelor’s degree or equivalent experience with a major in an analytical field such as Math, Actuarial Science, or Statistics.
• Minimum of 1.5-2 years of work experience in Retirements, preferably in the US Defined Benefit area.
• Total of 4-5 years of professional experience in a finance or insurance role.
• Strong mathematical, technical, and analytical skills along with keen attention to detail.

Desired Skills

• Proven ability to successfully implement complex processes.
• Outstanding collaboration skills to work effectively within our team.
• Ambitious approach with a drive for continuous learning and improvement.
• Ability to consistently follow compliance and audit requirements.

Additional Information

Experience Principal

• At Principal, we value connecting on both a personal and professional level. Together, were 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.