Job Description

Responsibilities:

Indicative years of experience: 8+years

Principal Financial Group (PFG) is a global financial services leader offering retirement solutions, insurance, and asset management to individuals, businesses, and institutional clients. With over

19,000 employees

and operations across the U.S., Latin America, and Asia, PFG manages billions in retirement assets and serves millions of customers worldwide. As the company continues to expand its data-driven strategies, hiring a

Product Manager

is critical to ensure that data assets are effectively leveraged to drive business growth, improve customer experience, and maintain regulatory compliance.

PFG Business Overview

Founded:

1879

Core Segments:

+

Retirement & Income Solutions:

Employer-sponsored retirement plans (401(k), 403(b), IRAs, annuities)
+

Principal Global Investors:

Asset management services (mutual funds, ETFs, institutional accounts)
+

Principal International:

Retirement and insurance solutions in Latin America and Asia
+

Benefits & Protection:

Group life, disability, dental, and vision insurance

Actuarial Practice at PFG

PFG's actuarial teams play a pivotal role in:Actuaries

collaborate across business units

to ensure accurate forecasting, regulatory compliance, and innovative product design.

Pricing and Risk Management:

For life, disability, and group insurance products.

Retirement Plan Consulting:

Funding strategies, pension risk transfer, and compliance.

Strategic Need

A Product Manager will:

Data Silos:

Multiple business units (Retirement, Insurance, Asset Management) generate vast amounts of data, often fragmented.

Regulatory Complexity:

Compliance with financial regulations and data governance standards requires structured data management. Gain a thorough understanding of the

Cloud Data Lake

, collaborate with various business units to analyse their processes, translate business requirements into data flow diagrams, and work closely with the IT team to design and deliver cloud data lake pipelines. Need to have good knowledge on

Corporate Finance or Actuarial

domain. Align

business needs with data strategy

, enabling better decision-making and innovation.

Roles & Responsibilities of Data Product Manager

The DPM will operate at the intersection of

data, technology, and business

, collaborating with actuarial teams and business units.

Key Responsibilities

Define Data Product Vision & Strategy:

Align with PFG's business goals and regulatory requirements.

Stakeholder Collaboration:

Work with actuarial, finance, and IT teams to gather data requirements.

Data Governance:

Ensure compliance with data quality, security, and regulatory standards.

Data Integration:

Consolidate data from retirement, insurance, and investment segments for unified insights.

ETL Pipelines -

Envision the flow of data through cloud data lake.

Reporting

- Understand the user needs and provide the solutions acceptable to the business.

Work towards Improved Decision-Making:

Unified, high-quality data for actuarial modelling and business forecasting.



Qualifications:

Must Have

Education

: Graduate Bachelor's degree (any stream)

Other

:Strong technical skills. Knowledge of SDLC. Good aptitude, positive attitude, strong reasoning and communication skills. Must be a good team player. Good analytical skills, research oriented. Sound knowledge of Principal Financial Group specific application. Ability to resolve questions/issues related to the application as a Subject matter expert, ability to communicate with various stakeholders.

Competencies:

Make sound business decision Embrace Change Build strong Partnership Get results Act Strategically * Lead Cultivate Talent