Supplier Relationship Manager
Principal Financial Group
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Benefits offered by this job
Job summary
Principal Financial Group is seeking a Supplier Relationship Manager in Des Moines, IA to lead a portfolio of strategic suppliers, drive alignment with business objectives, and optimize value through data-driven insights and governance meetings.
You will collaborate with stakeholders across procurement, risk, and category management to identify opportunities, assess performance, and deliver innovative supplier solutions. Strong communication and analytical skills are essential.
Qualifications
- Bachelor's degree or equivalent work experience.
- 3+ years of experience in supplier relationship management, strategic sourcing, procurement, category management, vendor management, or third-party relationship management.
- Experience analyzing data and using insights to influence recommendations, priorities, and business decisions.
- Demonstrated ability to build relationships and collaborate effectively across multiple business functions and organizational levels.
- Strong communication and presentation skills, including experience leading executive-level meetings and stakeholder discussions.
- Proven ability to manage competing priorities and drive initiatives through completion.
- Strong critical thinking, problem-solving, and issue-resolution skills.
- Experience managing third-party supplier relationships and performance programs.
Responsibilities
- Manage a portfolio of strategic suppliers across the organization, serving as a primary point of coordination between Principal stakeholders and supplier partners.
- Build and maintain strong relationships with supplier and business stakeholders to drive collaboration and mutual success.
- Establish regular governance routines and facilitate executive-level meetings to review performance, strategic priorities, and emerging opportunities.
- Understand business objectives and align supplier capabilities to support organizational priorities.
- Communicate the strategic value suppliers deliver and identify opportunities to enhance business outcomes.
- Partner with suppliers to bring forward innovative solutions, market insights, and industry trends that create competitive advantages for Principal.
- Collaborate with business partners to define supplier performance expectations and key success measures.
- Monitor supplier performance metrics and service level agreements (SLAs).
- Analyze performance data, identify trends, and proactively address concerns.
- Lead root cause analysis and corrective action efforts to resolve supplier issues efficiently and prevent recurrence.
- Gather, analyze, and interpret supplier and market data to support decision-making and strategic planning.
- Leverage supplier intelligence, performance reporting, and spend analytics to identify opportunities and risks.
- Translate complex data and insights into clear recommendations and actionable business decisions.
- Partner with risk and compliance teams to understand supplier risk assessments and mitigation strategies.
- Monitor supplier risk indicators and ensure appropriate controls are maintained.
- Maintain awareness of emerging risks impacting suppliers, products, services, and market conditions.
- Monitor supplier spend, budget performance, and contract utilization.
- Identify cost optimization opportunities, credits, and efficiency improvements in partnership with suppliers and business leaders.
- Provide transparency into supplier expenditures and financial performance to stakeholders.
Skills
Education
Tools
Job description
As a Supplier Relationship Manager, you’ll play a key role in helping Principal maximize value from a portfolio of strategic third-party suppliers. In this role, you’ll be responsible for managing supplier performance, driving strategic alignment, monitoring risk, optimizing spend, and fostering strong relationships between Principal stakeholders and supplier partners.
You’ll work closely with business leaders, sourcing and category management teams, procurement, and third-party risk partners to develop a comprehensive understanding of supplier capabilities, products, and services across the organization. You’ll leverage data, supplier intelligence, and analytics to identify opportunities, resolve issues, and support informed business decisions.
This role requires a strategic mindset, strong communication skills, and the ability to build relationships across all levels of the organization while influencing positive outcomes with internal and external stakeholders.
- Manage a portfolio of strategic suppliers across the organization, serving as a primary point of coordination between Principal stakeholders and supplier partners.
- Build and maintain strong relationships with supplier and business stakeholders to drive collaboration and mutual success.
- Establish regular governance routines and facilitate executive-level meetings to review performance, strategic priorities, and emerging opportunities.
- Understand business objectives and align supplier capabilities to support organizational priorities.
- Communicate the strategic value suppliers deliver and identify opportunities to enhance business outcomes.
- Partner with suppliers to bring forward innovative solutions, market insights, and industry trends that create competitive advantages for Principal.
- Collaborate with business partners to define supplier performance expectations and key success measures.
- Monitor supplier performance metrics and service level agreements (SLAs).
- Analyze performance data, identify trends, and proactively address concerns.
- Lead root cause analysis and corrective action efforts to resolve supplier issues efficiently and prevent recurrence.
- Gather, analyze, and interpret supplier and market data to support decision-making and strategic planning.
- Leverage supplier intelligence, performance reporting, and spend analytics to identify opportunities and risks.
- Translate complex data and insights into clear recommendations and actionable business decisions.
- Partner with risk and compliance teams to understand supplier risk assessments and mitigation strategies.
- Monitor supplier risk indicators and ensure appropriate controls are maintained.
- Maintain awareness of emerging risks impacting suppliers, products, services, and market conditions.
- Monitor supplier spend, budget performance, and contract utilization.
- Identify cost optimization opportunities, credits, and efficiency improvements in partnership with suppliers and business leaders.
- Provide transparency into supplier expenditures and financial performance to stakeholders.
- Bachelor's degree or equivalent work experience.
- 3+ years of experience in supplier relationship management, strategic sourcing, procurement, category management, vendor management, or third-party relationship management.
- Experience analyzing data and using insights to influence recommendations, priorities, and business decisions.
- Demonstrated ability to build relationships and collaborate effectively across multiple business functions and organizational levels.
- Strong communication and presentation skills, including experience leading executive-level meetings and stakeholder discussions.
- Proven ability to manage competing priorities and drive initiatives through completion.
- Strong critical thinking, problem-solving, and issue-resolution skills.
- Experience managing third-party supplier relationships and performance programs.
- Experience supporting market data, financial services, technology, or information services suppliers.
- Experience working with market data providers such as Bloomberg, Morningstar, FactSet, S&P Global Market Intelligence, ICE Data Services, Refinitiv/LSEG, or similar vendors.
- Knowledge of supplier governance, contract management, supplier performance management, and third-party risk management practices.
- Experience using spend analytics, supplier intelligence, or procurement technology tools to support decision-making.
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.
$84600 - $152400 / year
Salary Details- Des Moines, IA: $89,300 - $120,650 / year
- Charlotte, NC: $94,000 - $127,000 / 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.
Yes
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
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.
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.
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.
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.
8/21/2026
8/21/2026
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.
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