B&P Plan Specialist

Socket.dev; Des Moines (IA); Hybrid; USD 69,000 - 126,000; Full time

Benefits offered by this job

Pension Eligible

Time Off Program

Hybrid work options

Equal Opportunity Employer

Job summary

Principal Asset Management seeks a seasoned professional to support presale and ongoing management of individual life/disability insurance plans. You will prepare plan-review materials, assist with product knowledge, and ensure compliance in service transactions.

Collaboration with senior staff on reviews, calculations, and related tasks is essential. You will maintain plan records, support documentation quality, and contribute to training and process improvements across the team.

Qualifications

• 4+ years of experience in individual insurance, executive benefits, or client services.
• Solid working knowledge of individual insurance products, riders, and plan design concepts.
• Familiarity with planning concepts (Key Person, Bonus, Split Dollar, Deferred Compensation).
• Strong organization, documentation, and recordkeeping skills.

Responsibilities

• Provides support for presale and ongoing management on a designated block of business.
• Prepares plan review materials, assists with product knowledge, and reviews service transactions for compliance.
• Maintains accurate plan records and contributes to efficient case management and documentation quality.
• Collaborates with senior staff on plan reviews, calculations, and related tasks.
• Serves as a resource for internal teams on product mechanics, riders, and plan structure.
• Prepares standard plan review materials and required routine reporting.
• Reviews service transactions for alignment with plan structure; researches contract language when needed.

Skills

Product knowledge

Plan design concepts

Research and analysis

Documentation and recordkeeping

Education

Bachelor's degree or equivalent in a relevant field

Job description

What You'll Do

Provides support for individual life/disability insurance funded plans throughout presale and ongoing management on a designated block of business. Prepares plan review materials, assists internal collaborators with product and plan development knowledge, and reviews service transactions for compliance with contractual terms and concepts. Conducts research on moderately complex issues and raises higher risk items as needed. Maintains accurate plan records and contributes to efficient case management, documentation quality, and consistent customer experience. Collaborates with senior staff on more comprehensive plan reviews, calculations, and related tasks.

• Serves as a resource for internal teams on product mechanics, riders, plan structure, and general service considerations. Provides mentorship on routine and moderately complex questions; raises issues requiring specialized expertise. Participates in select external customer discussions when needed.
• Prepares standard plan review materials, including build summaries, alignment checks, and policy performance updates. Provides required routine reporting (e.g., Economic Benefit Reporting, Summary Annual Reports). Produces standard in-force illustrations and supports pre-sale and post-sale consultation activities.
• Reviews service transactions to ensure they align with plan structure and parameters. Identifies discrepancies and brings up higher risk or unclear cases according to protocols. Researches contract language, tax references, or regulatory requirements for moderately complex questions with support from senior staff. Completes Business Valuation Increase Rider and Salary Increase Rider procedures.
• Maintains accurate and up-to-date plan records using approved systems. Prepares documentation, memos, and summaries supporting plan and policy oversight. Tracks asset distributions and confirm accurate recordkeeping.
• Participates in training and knowledge-sharing activities. Supports system improvements, product initiatives, or audits as a functional representative. Contributes to special projects under the direction of senior staff or leadership.

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!

Who You Are

• 4+ years of experience in individual insurance, executive benefits, case management or client services or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Solid working knowledge of individual insurance products, riders, and plan design concepts.
• Familiarity with planning concepts (Key Person, Bonus, Split Dollar, Deferred Compensation).
• Ability to research and interpret issues using established guidelines and resources.
• Strong organization, documentation, and recordkeeping skills.
• Demonstrated ability to manage multiple cases with accuracy and attention to detail.

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)

$69300 - $126000 / year

Salary Details

These are examples of salaries across different geographic locations, please note these are just examples but we are hiring Nation-wide.

• Dubuque, IA / Wichita, KS / Grand Island, NE - $69,300 - $94,500
• Des Moines, IA / Louisville, KY / Green Bay, WI - $73,150 - $99,750
• St. Louis, MO / Pittsburgh, PA / Charlotte, NC - $77,000 - $105,000
• Denver, CO / Houston, TX / Chicago, IL / Minneapolis-St. Paul, MN - $84,700 - $115,500
• Seattle, WA / Los Angeles, CA / New York City, NY - $92,400 - $126,000

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

Work Environments

This role offers in-office, hybrid, and remote work options. Hybrid means at least three office days per week. Remote work is available only if you live more than 30 miles from Des Moines, IA, Charlotte, NC, or Raleigh, NC. You will work with your leader to decide which option fits best.

Work Authorization/Sponsorship

At this time, we are not considering applicants who require any type of immigration sponsorship to work in the United States. This includes current or future needs for additional or permanent work authorization. Examples include F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, and similar statuses. For more information about work authorization, please refer to the following links.

Nonimmigrant Workers and Green Card for Employment‑Based Immigrants

Investment Ethics Guidelines

In Principal Asset Management positions, you are required to observe an Investment Code of Ethics concerning personal, business conduct, and trading actions involving you and your household. Similar standards may be relevant for other jobs 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.